Thursday January 29, 2015
As the deadline approaches for applying for niche bank licences, telecom major Bharti Airtel said on Thursday that it will apply for setting up a payment bank while SKS Microfinance will seek permit for a small finance bank.
Wednesday December 24, 2014
Financial Technologies (India) Ltd or FTIL on Wednesday said SKS Capital has backed out from acquiring some of its stake in MCX-SX even as other investors, including Rakesh Jhunjhunwala, have completed purchase of shares in the stock exchange.
Wednesday December 10, 2014
Non-banking microfinance companies have resumed their growth trajectory, UBS said.
Monday December 8, 2014
Financial Technologies India Ltd (FTIL) on said it has sold an additional 1.65 lakh shares in stock exchange MCX-SX to ace investor Rakesh Jhunjhunwala for Rs 2.47 lakh, thereby completely exiting the bourse.
Tuesday November 25, 2014
Financial Technologies India Ltd (FTIL) on Tuesday inked a pact with ace investor Rakesh Jhunjhunwala, financial major Edelweiss and others to sell its entire 5 per cent stake in MCX-SX for Rs 88.41 crore.
Tuesday October 28, 2014
Continuing with their bullish stance on SKS Microfinance, foreign investors have hiked their stake in the company to an all-time high of 44.72 per cent during the July-September quarter amid a sharp rise in its share price.
Thursday October 2, 2014
As part of the periodic review, BSE would transfer scrips of these companies from 'Group A' to 'Group B' companies with effect from October 7 this year, the exchange said in a circular.
Tuesday September 9, 2014
Futures and options contracts would be available on these shares from September 1.
Monday September 8, 2014
National Stock Exchange (NSE) on Monday said it will introduce five companies, including SKS Micro finance and TVS Motor Company, in the future and option (F&O) segment from Wednesday.
Thursday August 28, 2014
India's microfinance industry has $90 billion demand potential, says Morgan Stanley, while adding that SKS is in a better position than most peers.
Friday July 25, 2014
With some respite in its borrowing cost in the first quarter due to the profit it had made last year and on higher capital base, SKS Microfinance has announced 1 percentage point reduction in lending rates
Friday July 25, 2014
As per Bombay Stock Exchange record FII (Foreign Institutional Investors) holding in the stock have increased to a record 44.61 per cent as of June 30.
Friday July 25, 2014
There was 35 per cent surge in SKS share price between April and June, while the BSE benchmark index Sensex grew by over 13 per cent during the period.
Wednesday June 25, 2014
This move will help banks to increase their reach in remote areas where it is not cost effective to set up a branch.
Thursday May 22, 2014
SKS Microfinance Ltd on Thursday said its Rs 400-crore qualified institutional placement (QIP) was oversubscribed multiple times.
Wednesday May 21, 2014
SKS Trust Advisors, the largest shareholder of SKS Microfinance, on Wednesday offloaded a 7.6 per cent stake in the microfinance player for more than Rs 182 crore through open market route.
Saturday May 3, 2014
SKS Microfinance on Friday said it will cease to treat a few entities, including Vikram Akula and Sequoia Capital India Growth Investments, as its promoters.
Monday April 28, 2014
Total income of the company stood at Rs 138.29 crore during the last quarter of FY14, up from Rs 95.09 crore over the corresponding period a year ago, it said in a filing to the BSE.
Monday February 24, 2014
Micro-lender SKS Microfinance today said it has completed seventh round of asset securitization worth Rs 158.27 crore in the current financial year.
Sunday February 9, 2014
Foreign Institutional Investors held 36.90 per cent 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.
Wednesday February 5, 2014
SKS Microfinance Limited is planning to raise Rs 400 crore through qualified institutional placement (QIP) route in the next fiscal year (FY15) by diluting a maximum of 20 per cent stake.
Friday January 31, 2014
SKS Microfinance, India's only listed micro-lender, on Thursday said it completed a securitisation deal of Rs 55.56 crore though a private sector bank.
Thursday December 19, 2013
Under the PSL guidelines, banks are mandated to lend nearly 40 per cent of their annual lending to the priority sector.
Sunday December 15, 2013
Investigations are in progress and services of employees involved in the fraud have been terminated and the company is in the process of taking legal action, according to the company's latest annual report.