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

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.