In 2005, SKS started operating as a for-profit company and Akula began chasing private investment to achieve the massive scale required to dent global poverty. In August 2010, SKS Microfinance — then ...

An Indian company with rich American backers is about to raise up to $350 million in a stock offering closely watched by philanthropists around the world, showing that big profits can be made from ...

Troubled microfinance company SKS Microfinance Ltd is raising Rs 33.55 crore through a preferential allotment to a fund managed by the existing investor WestBridge Capital Partners. SKS Microfinance, ...

It is official. Puranam Hayagreeva Ravikumar is the new non-executive chairperson-Interim of SKS Microfinance and its founder Vikram Akula has stepped down. Vikram Akula, the SKS Media release says: ...

We are downgrading SKS to a Sell (3M) with Rs 605 target price. We also reduce our earnings by 41-52% over FY11-13e, factoring in lower NIMs (net interest margins), slower loan growth and higher ...

"In my view, SKS right now is trying to reconcile its split identity and re-architect what the company stands for," says Anna Somos Krishnan, a former SKS executive and now executive director of ...

The shares of a non-banking finance company SKS Microfinance soared over 16 per cent on Monday even as the company's net loss narrowed down to Rs 39 crore in the quarter ended June 30, from a net loss ...

MUMBAI, India — The first microfinance company to sell stock to the public in India got a strong endorsement from investors on Monday when its shares closed up 10.5 percent on the first day of trading ...

Infosys chief mentor and chairman N.R. Narayana Murthy on Tuesday said he had “not had any interaction with either the management or directors of SKS Microfinance,” which is in the thick of ...