SKS Microfinance first saw controversy erupting over the removal of its CEO which saw its stock take a big nosedive. Then the Andhra Pradesh court, the government ruling, knocked the stock back further. However, more recently the Malegam committee recommendation sort of held out some hope that the microfinance sector was finally going to get regulated and ad hoc decisions like the Andhra Pradesh one may not happen.
Vikram Akula, chairman of SKS Microfinance, told CNBC-TV18 they are glad to get some semblance of regulatory certainty from the Malegam Committee recommendations. He says he will be glad once the RBI takes charge in regulating this space.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
