Moneycontrol
Last Updated : Nov 21, 2013 08:30 AM IST | Source: Moneycontrol.com

RBI classifies SKS Microfinance as NBFC-MFI

Reserve Bank of India has classified SKS Microfinance as Non Banking Financial Company-Micro Finance Institution from its existing status of Non Banking Financial Company Systematically Important (

 
 
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SKS Microfinance Ltd has informed BSE that the Reserve Bank of India ("RBI"), based on the Company's application dated January 31, 2013 and subsequent correspondences, has classified the Company as Non Banking Financial Company-Micro Finance Institution ("NBFC-MFI") (Non-Deposit taking) from its existing status of Non Banking Financial Company (Non-Deposit taking) Systematically Important ("NBFC-ND-SI") w.e.f. November 18, 2013, vide its letter dated November 18, 2013 received on November 20, 2013.Source : BSE

Read all announcements in SKS Microfin

First Published on Nov 21, 2013 08:30 am
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