Hyderabad: After almost two years of a virtual exile, Dr Vikram Akula appears to be back in the reckoning at SKS Microfinance Limited — the company he founded in 1997 — as a nominee of its largest sh

An Andhra Pradesh law, said to be the root cause of the collapse of microfinance in India and the state in particular, has no jurisdiction over microfinance institutions registered as Non-Banking Fina

SKS Microfinance Ltd, the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses.

SKS Microfinance, India's largest and only listed microfinance company, founder and chairman Vikram Akula may exit the company, newspapers reported on Wednesday, quoting unnamed sources.

The company'

Jan. 24: SKS Microfinance Ltd, the country’s only listed-microfinance company, posted a 38.41 per cent decline in net profit on the back of higher provisioning and bad loan write offs.

The company’s

Nov. 25: There seems to be no respite for SKS Microfinance, which has now come under insurance regulator IRDA’s scanner for violating norms in selling insurance policies to its borrowers.

Sources s

Mumbai, Nov. 16: India’s microfinance sector has come a long way in the past three months. In August this year, microfinance institutions (MFIs) were being touted as a magic bullet that could deal wit

New Delhi, Nov. 9: SKS Microfinance said on Tuesday that it was planning to cut interest rates to 24 per cent across all states, after an ordinance passed by Andhra Pradesh imposed serious restriction

Mumbai, Oct. 26: Infosys founder, Mr N. R. Narayana Murthy, who had invested in Hyderabad-based SKS Microfinance earlier this year, tried to distance himself from the beleaguered lender on Tuesday.