Diabytes
SKS Microfinance News
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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.
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Rohan who is investor in SKS Microfinance through his investment fund called Catamaran is now funding this Robo Astronomy Project which went unsponsored previously.
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The stock gained 2.83 percent to Rs 552.30 -- its 52-week high level at BSE.
SKS Microfinance Ltd on Thursday said it has raised Rs 200 crore through issue of commercial papers.
Shares of SKS Microfinance soared nearly 9 percent Tuesday after RBI decided to increase the maximum amount that can be loaned by financial institutions to low-income households.
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Private sector lender Kotak Mahindra Bank will have a 19.9 percent stake in the proposed banking venture of Bharti Airtel.
Continuing with the bullish stance on SKS Microfinance, foreign investors have hiked their stake in it to all-time high of 44.72 percent during the July-September quarter amid a sharp rise in the company's share price.
Net interest income saw a 63 percent year-on-year growth to Rs 110 crore from Rs 68 crore in Q2-FY14. PAT increased to Rs 56.8 crore in Q2-FY15 from Rs 49.3 crore in Q1-FY15.
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