Walk The Talk with Vikram Akula (Aired: June 2007)
Feb 14, 2014
MFIs: Green shoots emerging?
Feb 1, 2013
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.
Thursday December 12, 2013
According to a press release issued SKS Microfinance, the deal involved downloading receivables from micro loans extended to 100,850 rural women entrepreneurs through a Special Purpose Vehicle whose Pass Through Certificates (PTCs) have been purchase...
Thursday October 24, 2013
SKS Microfinance said on Wednesday that its profit after tax (PAT) in the second quarter of the current fiscal year (FY14) was at Rs 16.3 crore.
Wednesday October 23, 2013
Foreign Institutional Investors (FIIs), which held 35.83 per cent holding in SKS during July-September 2012, raised its stake to 36.90 at the end of September 30, 2013, as per latest information available with the stock exchanges.
Monday September 30, 2013
The company said the transaction is perhaps the first substantial securitisation deal in FY14 in the micro finance sector. The name of the bank was, however, not revealed.
Friday September 27, 2013
SKS Microfinance Ltd, the only listed micro lender in the country, on Thursday reappointed M Ramachandra Rao as its managing director and chief executive officer for a period of 5 years with effect from October 4.
Thursday September 26, 2013
Ranjana Kumar, an independent director of SKS Microfinance Ltd, submitted her resignation, a top official said on Wednesday.
Wednesday September 25, 2013
Mr Akula, once considered the poster boy of the microfinance industry, was given an unceremonious exit from SKS in November 2011.
Wednesday September 18, 2013
SKS Microfinance had yesterday said that a leading rating agency has assigned 'A' for its long-term and 'A1' for its short-term bank facilities for Rs 2,000 crore.
Friday September 13, 2013
In the case of DVC, the milestones related to land acquisition, forest clearance and equity investment are not fulfilled, the source added.
Sunday September 8, 2013
In a letter to the micro finance lender, Biksham Gujja, chairperson of the trustee of SKS Trusts, said that it have recently become the largest shareholder with 12.6 per cent shareholding, and reiterated its long-standing request for suitable represe...
Wednesday September 4, 2013
Akula, ormer chairperson who was later forced out of the country's only listed microfinance firm, today sold his entire residual holding of 9,06,724 shares, or 0.84 per cent stake Rs 12 crore, according to data available with bourses.
Thursday May 9, 2013
Shares in SKS Microfinance surged as much as 9 per cent after India's only listed micro lender reported a net profit of Rs 2.70 crore for the fourth quarter ended March 31, 2012. The company had posted a net loss of Rs 329 crore in the year-ago perio...
Wednesday May 8, 2013
Total income from operations grew by 44 per cent to Rs 95 crore during the January-March quarter from Rs 66 crore in the same quarter of 2011-12, SKS said in a statement.
Sunday April 28, 2013
Foreign investors have more than doubled their holding in SKS Microfinance to nearly 36 per cent over the past financial year with purchase of shares worth an estimated Rs 380 crore, in a sign of bullishness on the country's only listed microfinance ...