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SKS Microfinance gets Rs 100 cr refinance line from Mudra

SKS Microfinance Wednesday said Micro Units Development and Refinance Agency (Mudra) has sanctioned a refinance line of Rs 100 crore to the company at 10 percent per annum to extend finance to micro entrepreneurs.

NR Narayana Murthy's son Rohan Murthy invests $1 million in robotic astronomy project

NR Narayana Murthy's son Rohan Murthy invests $1 million in robotic astronomy project

Rohan who is investor in SKS Microfinance through his investment fund called Catamaran is now funding this Robo Astronomy Project which went unsponsored previously.

SKS Micro shares gain nearly 3% as Q1 net surges

SKS Micro shares gain nearly 3% as Q1 net surges

The stock gained 2.83 percent to Rs 552.30 -- its 52-week high level at BSE.

SKS Microfinance raises Rs 200 crore via commercial papers

SKS Microfinance Ltd on Thursday said it has raised Rs 200 crore through issue of commercial papers.

SKS Microfinance shares surge nearly 9%

Shares of SKS Microfinance soared nearly 9 percent Tuesday after RBI decided to increase the maximum amount that can be loaned by financial institutions to low-income households.

Bharti Airtel, SKS Microfinance eye niche bank licences

Bharti Airtel, SKS Microfinance eye niche bank licences

Private sector lender Kotak Mahindra Bank will have a 19.9 percent stake in the proposed banking venture of Bharti Airtel.

FII stake in SKS soars to record high of 44.72% in Jul-Sep qtr

Continuing with the bullish stance on SKS Microfinance, foreign investors have hiked their stake in it to all-time high of 44.72 percent during the July-September quarter amid a sharp rise in the company's share price.

SKS Microfinance loan portfolio crosses Rs 3,000 cr

Net interest income saw a 63 percent year-on-year growth to Rs 110 crore from Rs 68 crore in Q2-FY14. PAT increased to Rs 56.8 crore in Q2-FY15 from Rs 49.3 crore in Q1-FY15.

Vikram Akula no more promoter of SKS Microfinance

SKS Microfinance today said it will cease to treat a few entities, including Vikram Akula and Sequoia Capital India Growth Investments, as its promoters.

FII stake in SKS Microfinance surges to 38% in Oct-Dec qtr

Foreign Institutional Investors held 36.90 percent stake in SKS during the July-September quarter, and raised it to 38.36 at the end of December 31, as per the latest information available with the stock exchanges.

SKS Microfinance completes Rs 215 cr in debt securitisation

Micro-lender SKS Microfinance on Thursday said it has completed another round of securitisation by passing on receivables of Rs 215 crore to a private sector bank.

SKS completes securitisation transaction worth Rs 321 crore

SKS Microfinance Limited, India's only listed micro-lender on Monday said it has concluded a securitisation transaction for Rs 321 crore with a major public sector bank.

SKS Micro reappoints R Ramachandra Rao as MD & CEO

SKS Microfinance Ltd today reappointed R Ramachandra Rao as Managing Director and Chief Executive Officer for a period of 5 years with effect from October 4.

SKS Microfinance independent director Ranjana Kumar resigns

Ranjana Kumar, an independent director of SKS Microfinance Ltd submitted her resignation, a top official said Wednesday.

SKS shares surge 13% on getting 'A' rating for bank facilities

The announcement was made after market hours yesterday.

SKS Microfinance posts profit of Rs 2.7 crore

SKS Microfinance, India's only listed micro lender, Wednesday said it made Rs 2.70 crore net profit for the fourth quarter ended March 31, 2012.

FII holding in SKS Microfinance soars to 36%

Going bullish on the country's only listed microfinance company, foreign investors have more than doubled their holding in SKS Microfinance to nearly 36 percent over the past financial year with purchase of shares worth an estimated Rs 380 crore.

RBS sells 4.62% stake in SKS Microfinance for Rs 63 cr

Royal Bank of Scotland (RBS) Thursday offloaded 4.62 percent stake in Hyderabad-based SKS Microfinance for about Rs 63.50 crore.

SKS Microfinance may raise Rs 3,000 cr next fiscal

S Dilli Raj, chief financial officer, SKS said the recent rate cut by the RBI is expected to show its effect on the borrowing rates April onwards.

SKS plans to resume lending operations in Andhra Pradesh soon

SKS Chief Financial Officer Dill Raj said the recent Supreme Court's interim order was of great relief to them and paves way to resume operations in the state.