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FII stake in SKS soars to record high of 44.61% in Apr-Jun quarter

This marks the third quarterly increase in FII holding in SKS.

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 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 appoints Trout for brand repositioning

M R Rao, Managing Director and CEO, SKS Microfinance, in a press release, said though they have strong bond with their members, it is required to revisit the brand positioning.

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.

SKS Microfinance eyes Rs 60 crore profit next fiscal

The microfinance institution also aims to disburse around Rs 2,800 crore credit in FY'14, a top company official said.

SKS Microfinance swings to profit in Q3

SKS Microfinance, country's only listed MFI, Thursday reported a net profit of Rs 1.2 crore for the third quarter ended December 2012 on the back of success in its multi-pronged turnaround strategy.

SKS jumps over 4% to hit upper limit on BSE

Shares of country's only listed microfinance company SKS Microfinance, Tuesday hit the upper circuit limit on the BSE after FIIs hike their stake in the company to record high of 31.77 percent.

FIIs hike stake in SKS to record high of 31.77%

Turning bullish on the country's only listed microfinance company, foreign investors have hiked their stake in SKS Microfinance to an all-time high of 31.77 percent in the July-September quarter -- from a record low of 8.33 percent at the end of preceding three-month period.

SKS raises Rs 200 cr through securitisation

This is the first major deal in the troubled microfiannce sector after the Reserve Bank issued revised securitisation guidelines for non-banking finance companies in August.

Rs 342 cr service tax notice slapped on SKS Microfinance

SKS Microfinance Monday said it has received a showcause notice from authorities demanding Rs 342 crore service tax.

SKS Microfinance soars over 16%

Shares of SKS Microfinance Monday soared over 16 per cent as the company's net loss narrowed down to Rs 39 crore in the quarter ended June 30.

SKS Microfinance Q1 loss at Rs 39 cr

SKS's revenue from non-Andhra Pradesh states rose by 11 percent to Rs 79 crore in the first quarter of this fiscal from Rs 72 crore in the fourth quarter in previous fiscal.

SKS Microfinance's 248 sacked employees secure jobs

Reeling under a financial crisis, the non-banking finance company had cut its headcount by 1,200 in early May and closed down 78 of its branches in Andhra Pradesh.

High court suspends DRDA's order against SKS Microfinance

SKS did not specify when the court passed the interim order.

SKS barred from doing business in AP's Mahabubnagar Dist

The Andhra Pradesh government has cancelled the registration of SKS Microfinance to conduct business in Mahabubnagar District in the state for not following rules.

SKS posts Rs 330 cr loss for Jan-Mar on heavy write-offs

The company allotted Rs 278 crore under provisions and write-offs in the fourth quarter of FY'12 and 1,173.5 crore for the whole fiscal due to non-collection of Andhra Pradesh dues.