about the type of senior management I brought in. Somewhere along the road, I lost the ability to control the philosophical direction of SKS," Akula said. SKS raised more than Rs 1,600 crore from IPO in 2010 and subsequently plunged into problems after the introduction of AP Microfinance Act in 2011.
4.31 PM Dec 7th 2013
.9. The passage of the micro-finance bill will help improve investor sentiment towards the sector. The state microfinance act of AP will then be nullified and that could increase collection efficiency in the company’s portfolio of loans in Andhra Pradesh.
9.37 PM Aug 27th 2012
2012 at 19:26 IN SUMMARY Institutions want amendments to the Microfinance Act 2006 that will allow them to share credit information There is a scramble for issuance of loans by microfinance institutions Credit Reference Bureau regulations are to be revised for inclusion of MFIs in the credit
7.08 PM Aug 22nd 2012
officials of microfinance institutions (MFIs). “We welcome the introduction of the MFI bill in the current session,” Mr S. Dilli Raj, Chief Financial Officer, SKS Microfinance Ltd, said. The Bill will bring much-needed regulatory clarity and help in the annulment of the Andhra Pradesh Microfinance Act
10.25 PM Mar 16th 2012
SKS Microfinance Ltd is likely to write off about Rs 300 crore in the next two quarters due to the Andhra Pradesh Microfinance Act.“The residual exposure at risk on Andhra Pradesh works out to Rs 337 crore after adjusting deferred tax assets and accounting for tax-breaks at future write
1.06 PM Nov 11th 2011
Businessline published in page # 8 sks scrip zooms . Sks which has badly hit by ap microfinance act put in place in october last year is now focusing on ramping up operations in non ap regions also in process of creating a seperate subsidry for non microfinance business such has gold loan after fii
7.22 PM Dec 25th 2011
Stay away from this counter. Still more pain is left for SKS..... SKS Microfinance likely to write off Rs 300 cr more SKS Microfinance Ltd is likely to write off about Rs 300 crore in the next two quarters due to the Andhra Pradesh Microfinance Act...
1.00 AM Nov 14th 2011