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SKS ANNUAL REPORT
Frauds to the tune of Rs 2 cr in SKS Microfinance in FY 2013SKS Microfinance witnessed financial frauds to the tune of Rs 2.1 crore during FY 2013 and is taking a slew of measures to prevent its empl...15 Dec, 2013, 01.48 PM IST- Industry groups to be self regulatory bodies for NBFC-MFIs: RBIRBI decided to accord recognition to industry associations as self regulatory organisations of non-banking financial companies that are eng...26 Nov, 2013, 09.51 PM IST
- Vikram Akula’s attempt to return to SKS Microfinance rests on Rs 250 crore trustsEarlier, Akula and some SKS board members vehemently disagreed on how these trusts should be governed.03 Oct, 2013, 12.19 PM IST
- Employee fraud: SKS Microfinance staff embezzle Rs 15.8 croreThe services of employees involved have been terminated and SKS Microfinance has written off over Rs 14 crore.25 Jul, 2012, 06.24 PM IST
- Raising of resources is an ongoing exercise for us: SKS MicrofinanceIn an interview with ET Now, PH Ravikumar of SKS Microfinance Ltd, talks about their fundraising target as well as the targets for credit a...09 Jul, 2012, 04.37 PM IST
- SKS Microfinance hopes new law to revive growth by easing loan recoverySKS Microfin, says proposed legislation will spur a revival by easing loan recovery just as mounting losses force it to curtail operations.18 May, 2012, 02.38 AM IST
- SKS Microfinance to raise Rs 900 cr via share saleCountry's largest MFI SKS Microfinance today said it will raise up to Rs 900 crore through issue of shares to institutional investors.02 Nov, 2011, 07.03 PM IST
- No fresh MFI loans in AP a year after Microfinance OrdinanceMicrofinance institutions operating in Andhra Pradesh have stopped making fresh loans due to their mounting non-performing assets.16 Oct, 2011, 03.40 PM IST
- SKS Microfinance may approach RBI for bank licenceSKS Microfinance, which is passing through rough weathers, may approach the Reserve Bank for a banking licence, according to sources.04 Sep, 2011, 03.28 PM IST
- SKS Microfinance employees swindled Rs 1.6 cr in FY11: AuditorsThe auditors have also brought under its lens 205 cases where loans were disbursed to non-existent borrowers on the basis of fictitious doc...06 Jul, 2011, 02.02 PM IST
- MFIs outside AP to benefit from new rulesMFIs will find it easier to obtain bank loans if they cap their interest to borrowers at 26%.The overall size of the industry is about Rs 2...04 May, 2011, 07.30 AM IST
- MFIs cannot charge more than 26% interest: RBIRBI has capped interest rates charged by MFIs from small borrowers at 26%, but opened for them the bank credit line which was curtailed in ...03 May, 2011, 07.54 PM IST
- Top 3 microfinance companies used poor as puppetsThey say their mission is to serve the poor. Yet, promoters of top three microfinance companies used poor women to structure equity in thei...31 Jan, 2011, 01.10 AM IST
- Suicides reveal how men made a mess of MFIsMore than 70 people committed suicide in Andhra Pradesh from March 1 to November 19 to escape payments or end the agonies their debt had tr...05 Jan, 2011, 01.17 AM IST
- ‘Catamaran’s investment in SKS was to help poor’Mr Narayana Murthy, founder of Infosys Technologies, whose Catamaran fund bought shares in SKS Microfinance ahead of the initial public off...27 Oct, 2010, 12.00 AM IST
- SKS to roll out health insurance product for rural poorSKS Microfinance Private Limited, a microfinance company has tied up with ICICI General Lombard, to roll out its health insurance product `...21 Feb, 2008, 07.36 PM IST
- Foreign investors dial microfinance in IndiaAbout 15 international and national investors will set up shop at the conference to interact with the MFIs, scheduled next week.05 Oct, 2007, 12.40 AM IST
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