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| 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 Micro gets Rs 50cr funding from Bajaj Allianz | 02-JUL-09 |
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| SKS Microfinance, a Hyderabad-based non-banking finance company, has received a strategic investment of Rs 50 crore from general and life insurance firm Bajaj Allianz Life Insurance. SKS Microfinance and Bajaj Allianz partnered in April 2008 to launch India’s first micro-insurance product for the rural poor. |
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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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| 'We'll be bigger than Grameen Bank by 2010' | 03-APR-09 |
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| It has been a pretty dramatic change for Suresh Gurumani, a banking veteran with over 22 years of experience. From developing a retail banking network for Barclays in India, he is now selling loans with a ticket size of only Rs 10,000 in rural India. He spends his day meeting farmers, petty shopkeepers and illiterate women in cities and villages — quite a change from the suited and booted lot he met in his earlier avatars. Gurumani, who took over as the CEO of SKS Microfinance last year, looks after the day-to-day functioning of the company which was founded by Vikram Akula. He outlines his plans to become the world’s largest microfinance company to Surajeet Das Gupta and Anirban Chowdhury. |
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| SKS looking to raise Rs 500 cr via rated bonds | 24-MAR-09 |
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| As a part of its Rs 5,000-crore incremental borrowing plan for the next financial year, Hyderabad-based SKS Microfinance is planning to raise Rs 500 crore through rated bonds. It has also firmed up plans to raise Rs 25 crore through issuance of commercial papers (CPs) this year. |
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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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| SKS aims at providing risk cover to 1 million rural women | 12-FEB-09 |
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| SKS Microfinance, one of the country’s leading microfinance companies, has extended life insurance cover to about one million poor women in India in states such as Andhra Pradesh, Orissa, Karnataka, West Bengal, Rajasthan, Uttar Pradesh and Madhya Pradesh. |
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