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Finance » News » Others
Press Trust Of India  |  Hyderabad  May 8, 2012 Last Updated at 00:42 IST

SKS posts Rs 330-cr loss on heavy write-offs

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Read more on:    SKS Microfinance | heavy write-offs | Andhra Pradesh dues
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SKS Microfinance, the country's only listed microlender, has suffered a loss of Rs 330 crore in the quarter ended March 31 due to heavy provisioning and write-offs. The company allotted Rs 278 crore under provisions and write-offs in the fourth quarter of FY12 and 1,173.5 crore for the whole year due to non-collection of Andhra Pradesh dues.

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SKS Microfinance
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heavy write-offs
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Andhra Pradesh dues

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