(the company was incorporated as sks microfinance private limited on september 22, 2003 under the companies act, 1956 pursuant to a resolution of its shareholders passed on may 2, 2009, the company was converted into a public limited company and the word. Find sks microfinance salary graph at different roles / designations at naukricom, all posted by employees working at sks microfinance. Sks microfinance, india's only stock market listed micro lender, today said it made rs 270 crore net profit for the fourth quarter ended march 31, 2012 the company had posted a net loss of rs 329 crore in the year-ago period. Bharat financial inclusion ltd, formerly known as sks microfinance, may raise rs 10,000 crore during the current fiscal to meet the lending requirements, a top executive of the micro-lender said.
Every notable company was once just an idea here is our look at sks microfinance what's your idea . © copyright 2009 bharat financial inclusion limited, all rights reserved faqs jobs contact us sitemap disclaimer jobs contact us sitemap disclaimer. Sks microfinance's asset quality also improved in q4, with net non-performing assets (as a percentage of total advances) falling by 6 basis points sequentially to 004 per cent buy upl, dabur.
Sks microfinance limited, india's only listed micro-lender today said it has concluded a securitisation transaction for rs 321 crore with a major public sector bank the transaction was rated a1+ (so) by a leading rating agency, sks said in a press release. Sks microfinance news: latest and breaking news on sks microfinance explore sks microfinance profile at times of india for photos, videos and latest news of sks microfinance. Sks microfinance is india’s largest and one of the world’s fastest-growing microfinance organizations it claims that its mission is to empower the poor by providing them collateral-free loans for income generation sks microfinance has 77 million clients (2010) in 2,403 branches in 19 states.
New delhi: sks microfinance today said the name of the company has been changed to bharat financial inclusion ltd pursuant to approval of government, ministry of corporate affairs, registrar of companies, the name of the company has been changed from 'sks microfinance. Co-authored with vikash kumar microfinancefocus, 12 may 2010 sks microfinance, india’s biggest lender to the poor, is soon to become the nation’s first microfinance company to. Sks, one of the largest and fastest growing microfinance institutions in india, is a profitable, for-profit institution with a social mission in what is one of the first commercial financing deals in the world, akula must decide at what value to sell equity in sks, and to whom to sell it. Sks microfinance limited (sks) is a non-banking finance company (nbfc), regulated by the reserve bank of india sks claims its mission is to eradicate poverty by providing financial services to the poor. Vikram akula, ceo of mfi sks, looking for venture capital investment to finance the firm scs, one of the largest and fastest growing microfinance institutions in india, it is beneficial to the non-profit organization with a social mission.
Four members speak about sks microfinance limited. 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. Sks microfinance representing a cagr of 84401% of the banks reported recovery rates of less than 506% of the banks reported recovery rates of about 95 an mfi is a separate legal organisation that provides financial services directly to borrowers and for-profit mfis are registered with the rbi as nbfcs0%0 1000% by march 31 according. The average salary for sks microfinance limited employees is rs 325k per year visit payscale to research sks microfinance limited salaries, bonuses, reviews, benefits, and more.
Sks microfinance gets rs 100 cr refinance line from mudra sks microfinance wednesday said micro units development and refinance agency (mudra) has sanctioned a refinance line of rs 100 crore to the company at 10 percent per annum to extend finance to micro entrepreneurs. Bharat financial inclusion ltd engages in providing financial services the firm focuses on microfinance the company was founded by vikram akula in. Sks is among a handful of mfis globally to have gone public, following the pathbreaking ipo by banco compartamos in mexico in 2007 (see rosenberg 2007) sks is also the first to list its shares in the competitive and fast-growing indian microfinance market.
Microfinance is an effective tool that can help reduce poverty and spread economic opportunity by giving poor people access to financial services, such as credit and insurance sks distributes small loans that begin at rs 2,000 to rs 12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. About bss microfinance limited bss microfinance limited (company) started its microfinance operations in 1999 as a trust later the trust activities were moved over to the company in april 2008. Sks microfinance (also referred to as “sks” or “the company”) is the largest microfinance institution (mfi) in india the organization provides small value, collateral-free loans for income generation to poor women in groups this model has proven extremely successful with over 99% repayment rates. Sks microfinance limited stands by the counter affidavits filed by the company in the andhra pradesh high court and the supreme court stating that sks microfinance limited had no role in any of the alleged suicides in andhra pradesh and that the company’s full-time employees (please note that the company does not hire any agents) never resort.