SKS Microfinance stock downgraded by Citigroup to sell – EPS could drop 40-50%

In a report released on SKS Microfinance, Citigroup has cut the forecasted earnings(EPS) of SKS Microfinance by 41-52% over FY11-13 to factor in reduced lending rates, higher funding costs, lower growth and increasing regulatory risk in the medium term. Citigroup has also downgraded its rating on SKS Microfinance to “sell” from a “hold” and revised … Continue reading “SKS Microfinance stock downgraded by Citigroup to sell – EPS could drop 40-50%”

Future of Microfinance in Andhra Pradesh and India

CONNECTING THE DOTS… By Sirish  Dhurjety (The  author  of  this  article,  Sirish  Dhurjety,  is  currently  pursuing  his  Doctoral Programme  focusing on impact investments in India. He is also the cofounder of a boutique investment bank – Capital Logic , based out of India. The views expressed in the below article are personal. Feedback can be … Continue reading “Future of Microfinance in Andhra Pradesh and India”

Interview with Malcolm Harper on Andhra Pradesh Microfinance Crisis

The “Why?” of Andhra Pradesh – An Interview with Malcolm Harper By Philip Mader – Governance Across Borders In this interview, Professor Malcolm Harper analyses some of the underlying causes and consequences of the microfinance crisis in Andhra Pradesh. Professor Harper is chairman of the microfinance rating agency M-CRIL and editor of the volume “What’s wrong … Continue reading “Interview with Malcolm Harper on Andhra Pradesh Microfinance Crisis”

MasterCard Foundation and MIX partner to expand data coverage of MFI’s in Africa

Recognizing the powerful and important impact that a strong microfinance sector can have in Africa, the Microfinance Information Exchange (MIX) and The MasterCard Foundation today launched a partnership to improve visibility and access to information among microfinance institutions (MFIs) in Africa. This partnership is part of a $2 million, three-year program between MIX and The … Continue reading “MasterCard Foundation and MIX partner to expand data coverage of MFI’s in Africa”

Report of the Task force on credit related issues faced by Farmers in India

In 2009 , the Government of India constituted ” The Task force on Credit-Related issues of Farmers “. The committee was constituted to investigate credit related issues faced by farmers in India. Even though credit disbursed for the Agriculture sector has doubled over the past few years, numerous small and marginal farmers, especially tenant farmers, oral lessees, … Continue reading “Report of the Task force on credit related issues faced by Farmers in India”

CRISIL downgrades ratings of Asmitha Microfin’s Non-Convertible Debentures

CRISIL has downgraded its rating on Asmitha Microfin Ltd’s (Asmitha’s) proposed long term non-convertible debenture issue and bank facilities to ‘BBB–’ from ‘BBB’; the rating continues to be on ‘Rating Watch with Negative Implications’. The rating downgrade reflects significant deterioration in Asmitha’s business and financial risk profiles because of restricted access to bank funding and … Continue reading “CRISIL downgrades ratings of Asmitha Microfin’s Non-Convertible Debentures”

Vijay Mahajan reacts to tabling of Microfinance Bill in Andhra Pradesh – Video

The Andhra Pradesh government has tabled the microfinance bill in the assembly yesterday , despite several objections raised by MFIs. In an interview with CNBC-TV18, Vijay Mahajan, President of industry body, MFI Network gives his perspective on the implications of the move.