SKS Microfinance, a for-profit microfinance institution (MFI) headquartered in Hyderabad, India, recently announced it will change its name to Bharat Financial Inclusion [1].
Search Results for: "SKS Microfinance"
MICROCAPITAL BRIEF: India’s SKS Microfinance Seeks to Go Paperless with IBM MobileFirst Tablet System
SKS Microfinance Limited, a for-profit microfinance institution (MFI) headquartered in Hyderabad, India, recently partnered with IBM MobileFirst, the mobile division of US-based information technology company International Business Machines (IBM), in an effort to improve staff productivity in acquiring customers, completing loan disbursements and collecting repayments [1][2].
MICROCAPITAL BRIEF: India’s SKS Microfinance Cuts Interest Rates by 1.55%
Indian microfinance institution SKS Microfinance, which is listed on India’s National Stock Exchange and the Bombay Stock Exchange, announced recently that it would reduce its microloan interest rates from 23.55 percent to 22 percent as of July 1, 2015.
MICROCAPITAL BRIEF: SKS Trust Advisors Sells 7.6% of SKS Microfinance, Decreasing Stake to 4.8%
SKS Trust Advisors Private Limited, the India-based trustee of five mutual benefit trusts benefiting groups who borrow from SKS Microfinance Limited, reportedly has sold a 7.6-percent stake in SKS Microfinance, a for-profit Indian microfinance institution (MFI), to an unspecified buyer.
MICROCAPITAL BRIEF: SKS Microfinance of India Completes $36m Securitization
SKS Microfinance (SKS), a for-profit Indian microfinance institution (MFI), recently completed a securitization deal worth INR 2.23 billion (USD 36 million).
MICROCAPITAL BRIEF: Sequoia Capital Sells 1.75% Stake in India’s SKS Microfinance to WestBridge Capital for $4.7m
Sequoia Capital, a US-based venture capital firm, has sold its 1.75-percent stake in SKS Microfinance, an Indian for-profit microfinance institution, to WestBridge Capital, an investment group with offices in India, Mauritius, and the United States.
MICROCAPITAL BRIEF: SKS Microfinance of India Completes $50m Securitization
SKS Microfinance, an Indian microfinance institution (MFI), recently completed a securitization deal worth INR 3.21 billion (USD 50 million), selling microloan receivables to an undisclosed public-sector bank [1].
MICROCAPITAL BRIEF: Indian SKS Trust Advisors Buys 2.7% of SKS Microfinance for $2m, Increasing Stake to 12.6%
SKS Trust Advisors Private Limited, the India-based trustee of five mutual benefit trusts benefiting groups who borrow from SKS Microfinance Limited, reportedly has purchased an additional 2.69 percent of the shares of SKS Microfinance, increasing its stake in the firm to 12.6 percent.
MICROCAPITAL BRIEF: Royal Bank of Scotland (RBS) Sells 4.6% Stake of SKS Microfinance to Merrill Lynch Capital Markets Espana for $12m
The Royal Bank of Scotland Group (RBS), a banking and insurance company with operations in Europe, North America and Asia, reportedly has sold its 4.6-percent stake in SKS Microfinance, an Indian microfinance institution, through the open market to Merrill Lynch Capital Markets Espana, a subsidiary of US-based Bank of America.
MICROCAPITAL BRIEF: SKS Microfinance of India Completes Two Securitizations Totaling $41m
Indian microfinance institution (MFI) SKS Microfinance Limited recently completed two securitizations totaling INR 2.3 billion (USD 41.2 million), reportedly bringing the company’s total to 12 securitizations worth INR 12.1 billion (USD 220 million) during 2012 and 2013.
MICROCAPITAL BRIEF: Government of India’s Andhra Pradesh Moves to Challenge Supreme Court Interim Order as SKS Microfinance Resumes Operations in the State
As Indian microfinance institution (MFI) SKS Microfinance prepares to resume operations in the Indian state of Andhra Pradesh under a recent Supreme Court order, the Andhra Pradesh state government is moving to challenge the Supreme Court’s decision.
MICROCAPITAL BRIEF: Supreme Court of India Issues Interim Order Loosening Restrictions on SKS Microfinance in Andhra Pradesh
The Indian Supreme Court has issued an interim order allowing Indian microfinance institution (MFI) SKS Microfinance to operate in the state of Andhra Pradesh without securing no-objection certificates from the state government.
MICROCAPITAL BRIEF: SKS Microfinance Completes $11.6m Securitization, Its Eighth in a Year
SKS Microfinance, a for-profit Indian microfinance institution (MFI), reportedly has securitized receivables worth INR 630 million (USD 11.6 million) and sold the package to an undisclosed bank.
MICROCAPITAL BRIEF: SKS Microfinance Fined $92k for Collecting Improper Fees as Agent of Bajaj Allianz Life Insurance
The Insurance Regulatory and Development Authority (IRDA), the insurance regulator of India, recently issued Indian microfinance institution (MFI) SKS Microfinance a fine of INR 5 million (USD 91,800) for collecting corporate insurance agent fees beyond the premium price.
MICROCAPITAL BRIEF: SKS Microfinance May Challenge Andhra Pradesh Ruling in Supreme Court
In response to the February 2013 ruling from the High Court of the Indian state of Andhra Pradesh that upheld the Andhra Pradesh Microfinance Institution Act, 2010, SKS Microfinance, an Indian for-profit microfinance institution, and other unspecified microlenders reportedly may challenge the decision in the Country’s Supreme Court.
MICROCAPITAL BRIEF: Indian Microlender SKS Microfinance Reports Profits After Seven Quarters of Losses
SKS Microfinance, an Indian microlender listed on the country’s National and Bombay Stock Exchanges, recently reported a net profit of INR 11.5 million (USD 209,000) for the quarter ending December 2012, the first quarterly profits for SKS Microfinance in two years. Loans disbursed rose 14 percent to INR 7.8 billion (USD 142 million).
MICROCAPITAL BRIEF: SKS Microfinance of India Completes $10m Securitization, Stock Reaches 52-Week High
SKS Microfinance, an Indian microfinance institution (MFI), reportedly has completed a securitization deal worth INR 544 million (USD 10 million).
MICROCAPITAL BRIEF: SKS Microfinance of India Announces $36m Securitization Under Amended Reserve Bank of India Guidelines
SKS Microfinance, an Indian microfinance institution (MFI), reportedly has announced its first microfinance securitization of INR 2 billion (USD 36.4 million) since the Reserve Bank of India (RBI), the country’s central banking authority, revised the guidelines for securitizations issued by non-banking finance companies (NBFCs) in August 2012.