SKS Microfinance Limited is among the largest microfinance companies in India with presence across 16 states covering 1,00,000 villages. The states include: Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Madhya Pradesh, Bihar, Uttar Pradesh, Rajasthan, Uttaranchal, Haryana, West Bengal, Jharkhand, Chhattisgarh, Kerala and Punjab. The Company’s mission is to provide financial services to the economically weaker sections.
SKS Microfinance Limited today announced a 1.25% reduction in the interest rate charged to borrowers from 22% to 20.75% with effect from October 1, 2015, for all future disbursals.
With the third interest rate cut and an overall reduction of 3.8% since October 2014,... (more)
SKS Microfinance Limited today announced that its gross loan portfolio excluding the states of Andhra Pradesh and Telangana registered a 47% year-on-year increase to Rs. 4,171 crore in Q4-FY15 from Rs. 2,837 crore in Q4-FY14 (31% quarter-on-quarter growth -- Rs. 3,195 crore in Q3-FY15).
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The Board of Directors of SKS Microfinance Limited today approved the Company’s proposal for making an application to the Reserve Bank of India for grant of a Small Finance Bank licence.
The Company also announced that its portfolio excluding the states of Andhra Prades... (more)
