5th Sitaram Memorial Lecture

The Fifth Annual V. Sitaram Rao Memorial event was organized in Hyderabad on July 10, 2014. The occasion saw Prof. Shantha Sinha, winner of the Ramon Magsaysay Award for Community Leadership and Founder, Mamidipudi Venkatarangaiya Foundation, give a talk on ‘Adolescent Girls – Path to Education’. The event was organized by SKS Microfinance. Watch the … Continue reading “5th Sitaram Memorial Lecture”

CRISIL Research releases updated rating on SKS Microfinance

CRISIL Research has announced that it has assigned a CRISIL IER fundamental grade of 4/5 (pronounced ‘four on five’) to SKS Microfinance (SKS). This grade indicates that the company’s fundamentals are `superior’ relative to other listed equity securities in India. CRISIL has further stated that the fair value of the stock is Rs 310 per share. … Continue reading “CRISIL Research releases updated rating on SKS Microfinance”

SKS Microfinance

SKS Microfinance Ltd (SKS) was incorporated as a private limited company in 2003 for taking over the microfinance activities of Swayam Krishi Sangam, a society that was registered in 1997 and began operations in 1998. After obtaining the NBFC license from the Reserve Bank of India in January 2006, SKS took over the operations of … Continue reading “SKS Microfinance”

Finance Ministry begins consultations for enacting Microfinance Law

Government prepares to frame laws for micro finance institutions Government has started consultations with all stake-holders, including state governments, for enacting a law to regulate Micro Finance Institutions (MFIs) for ensuring interests of customers. Read more on DNA FII stake in SKS Microfinance soars to record high of 44.61% in April-June quarter Continuing with the … Continue reading “Finance Ministry begins consultations for enacting Microfinance Law”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

What Narendra Modi can do for the Microfinance Sector ?

5 issues in microfinance sector that need Narendra Modi’s attention Vijay Mahajan, social entrepreneur, Founder and Chairman of BASIX Group lists five issues for new Narendra Modi government. Read more on Business Today Micro finance industry’s gross loan portfolio up 35% in FY14 NBFC-MFI’s, other than those under corporate debt restructuring witnessed a growth of … Continue reading “What Narendra Modi can do for the Microfinance Sector ?”

Micro Credit Society for street vendors launched – News Digest

Karnataka’s first micro credit society for street vendors launched in Mysore On Friday it launched Mysore City Street Vendors Multipurpose Cooperative Society, which has a seed money of Rs 5 crore to attend to the needs of street vendors in the city. Read more TOI Janalakshmi & Manipal Institute to train employees Three-week programme to … Continue reading “Micro Credit Society for street vendors launched – News Digest”