| SKS Micro gets CARE rating | 13-OCT-09 |
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| City-based non-banking finance company, SKS Microfinance, has been rated PR1+ SO by Credit Analysis and Research Limited (CARE) in accord with its securitised portfolio worth Rs 137 crore with YES Bank. |
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| SKS to extend micro-insurance cover | 17-SEP-09 |
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| Hyderabad-based SKS Microfinance, which has launched micro-insurance project ‘Swayam Shakti Suraksha’ in partnership with Bajaj Allianz Life Insurance to cover its members, has now decided to launch a similar product to cover members’ husbands. |
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| SKS lends to 5 mn women | 10-SEP-09 |
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| Hyderabad-based SKS Microfinance has announced that it has become the first microfinance company in the country to provide loans to more than 5 million women. |
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| Bajaj Allianz invests Rs 50 cr in SKS Microfinance | 03-JUL-09 |
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| Bajaj Allianz, a leading insurer offering general and life insurance products, has made strategic investment of Rs 50 crore in SKS Microfinance, one of India’s largest microfinance institutions. The deal is the first-ever investment by an insurance company in an Indian Microfinance Institution (MFI) and signals an important steps in the evolution of SKS Microfinance, a statement said on Thursday. |
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| SKS Microfinance raises Rs 75 crore from debt capital market | 19-MAY-09 |
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| SKS Microfinance, India’s largest and the world’s fastest growing microfinance company, and Standard Chartered Bank, the country’s largest international bank, have completed a unique transaction in the debt capital market, by enabling the country’s first listed Non Convertible Debenture (NCD) Issue by a microfinance institution. |
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| Microfinance finds favour with PE players | 17-APR-09 |
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| Private equity players have made investments of $230 million in the microfinance sector in the last two years and the outlook for this segment looks upbeat as it provides a refuge from the global financial market turmoil. |
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| SKS Microfinance to raise Rs 500 crore through rated bonds | 13-MAR-09 |
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| As part of a Rs 5,000 crore borrowing plan for the next fiscal, Hyderabad-based SKS Microfinance is planning to raise Rs 500 crore through rated bonds next fiscal. It has also firmed up plans to raise Rs 25 crore through issuance of commercial paper (CP) in the next few days. SKS will be the first non-banking finance company (NBFC) in the micro finance space to use CP for fund raising. |
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| MFIs turn to the cities | 23-JUL-08 |
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| Urban microfinance is finally getting off the ground. Top microfinance institutions (MFIs) are targeting migrants and the urban poor in the cities. |
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| Airtel ties up with SKS Microfinance | 21-JUL-08 |
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| Bharti Airtel has entered into a strategic tie-up with SKS Microfinance. The initiative is aimed at offering mobile handsets bundled with prepaid connections to SKS' members. |
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| SKS, Career Launcher to open schools in Andhra | 11-JUL-08 |
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Career Launcher (CL), an education service provider, and microfinance institution SKS Microfinance have come together to launch 10 English medium schools in Nalgonda, Khammam, Rangareddy and Medak districts of Andhra Pradesh. |
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| SKS Microfinance to offer solar lamps, groceries | 16-APR-08 |
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| SKS Microfinance Private Limited is planning to sell solar lamps and groceries to its members apart from marketing GSM handsets for a service provider. The company is currently finalising the strategy |
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