Sks Microfinance

IndusInd Bank confirms deal talks with MFI Bharat Financial

In the statement issued to bourses following media reports that IndusInd and BFI (formerly SKS Microfinance) are likely to announce a merger in an all-stock deal, the bank said the management has been authorised to evaluate strategic opportunities for business expansion.

Bharat Financial Inclusion Q3 net up 80% at Rs 143 cr

Bharat Financial Inclusion (formerly SKS Microfinance), today said its net profit rose by nearly 80 per cent to Rs 143 crore in the third quarter of 2016-17 financial year.

Bharat Financial shares surge nearly 6% on Rs 750-cr QIP launch

Shares of Bharat Financial Inclusion, formerly known as SKS Microfinance, rallied 5.6 percent intraday after the company launched its qualified institutional placement (QIP) offer worth Rs 750 crore.

Bharat Financial Inclusion launches QIP to raise Rs 750 cr

The Capital Raising Committee of the board of the company at a meeting held passed the resolutions to authorise the opening of the offer today i.e., September 22, 2016, the company said in a regulatory filing.

Bharat Financial shares tank 10% on Credit Suisse downgrade

"With valuations at 4x FY18 price-to-book for 25 percent normalised return on equity, we find the stock expensive and downgrade it to underperform (from neutral)," the brokerage house says.

Bharat Financial Q1 profit up 4-fold to Rs 236 cr on MAT credit

Net interest income, the difference between interest earned and interest expended, grew by 70.7 percent to Rs 198 crore in the quarter ended June 2016 compared with Rs 116 crore in year-ago period, which was in-line.

Bharat Financial Q1 profit seen up 112%, NII may jump 81%: Poll

Net profit is likely to be at Rs 129 crore during the quarter against Rs 61 crore in same period last year and net interest income may grow to Rs 211 crore from Rs 117 crore, according to average of estimates of analysts polled by CNBC-TV18.

BFIL may raise Rs 10,000 cr in FY17 to meet credit demand

Bharat Financial Inclusion Ltd, formerly known as SKS Microfinance, may raise Rs 10,000 crore during the current fiscal to meet the lending requirements, a top executive of the micro-lender said today.

Buy SKS Micro, Indian Oil; short Larsen & Toubro: Rahul Shah

According to Rahul Shah of Motilal Oswal, one can buy SKS Microfinance and Indian Oil Corporation and short Larsen & Toubro.

Brexit won't hit rural economy, but inflation will: Bharat Fin

The company's cost of borrowing is at 9.2 percent currently, same as the fourth quarter of last fiscal year, said PH Ravikumar, Non-Executive Chairman, Bharat Financial Inclusion. He said it can decline by 25-50 basis points (bps) going ahead.

Buy Tata Motors, Jet Airways, OBC, Aurobindo Pharma: Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Motors, Jet Airways, Orient Bank of Commerce and Aurobindo Pharma.

Sell Motherson Sumi, UBL, Voltas; buy SKS Micro, Dabur: Sukhani

According to Sudarshan Sukhani of s2analytics.com, one can sell Motherson Sumi Systems, United Breweries and Voltas and buy SKS Microfinance and Dabur India.