SKS Microfinance has tanked 5% to Rs 73.45, also its historic low market price, on reports that Insurance Regulatory and Development Authority (IRDA), the insurance regulator has found irregularities in the company’s handling of insurance of its

SKS Microfinance has rallied 19% to Rs 106 after India's largest micro-lender announced its decision to reduce headcount by 1,200 employees and close down 78 branches in Andhra Pradesh.

SKS Microfinance no longer wants to be known as an Andhra-based company. It has decided to shift its headquarters to Mumbai.

SKS Microfinance Ltd, the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses.

For those who were expecting wonders from the new management at SKS Microfinance, the wait has just got longer.

SKS Microfinance has tumbled 20% to Rs 75.85, its all-time low in opening deals after reporting a net loss of Rs 330 crore for the quarter ended March 2012 on account of a Rs272 crore write-off on its Andhra Pradesh loan portfolio.

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.

SKS Microfinance Limited, the only listed microfinance company in the country, has incurred a net loss of Rs 329.5 crore for the quarter ended March 2012. The loss amount is 372 per cent higher than the loss of Rs 69.76 crore incurred in the corresponding

SKS Microfinance Ltd, India's only listed micro lender today said it has completed securitisation of Rs 321 crore with four banks.

SKS Microfinance is trading higher by 4% at Rs 133 after the company said it has securitized portfolio of Rs 321 crore with four leading banks.

The country's only listed microfinance entity SKS Microfinance today said it plans to raise around Rs 200 crore through securitisation from two different banks.

SKS Microfinance is trading higher by 6% at Rs 138, extending its previous day’s 8% gains, on expectation that the Micro Finance Institution (MFI) Bill will be tabled in the current session of Parliament.

SKS Microfinance, the only listed microfinance institution (MFI) in the country, said it had securitised Rs 354 crore of receivables from 18 states, excluding Andhra Pradesh. The securitisation was carried out through a major public sector bank.

SKS Microfinance, the country's only listed micro lender, today said it has securitised Rs 354 crore of receivables from 18 states, except Andhra Pradesh.

SKS Microfinance has moved up by 4% at Rs 134 on obtaining sanction for assignment of a rated pool of Rs 354 crore from a major public sector bank.

Vikram Akula and SKS Microfinance are making headlines again. This time because of Akula’s employee stock options (ESOPs) and the allied drama.

Vikram Akula has served a legal notice to SKS Microfinance, the company he founded in 1997 and in which he served as executive chairman till November.

The pool comprises receivables from 322,312 women borrowers from the weaker sections as defined by the Reserve Bank of India, and are identified from 18 non-Andhra Pradesh states where SKS operates, according to a company release.

The pool comprises receivables from 322,312 women borrowers from the weaker sections as defined by the Reserve Bank of India. Prior to this transaction, SKS completed six assignment/ securitization post the AP MFI Act.

SKS Microfinance has dipped 9% to Rs 85.30, its lifetime low, after reporting a fourth consecutive quarterly net loss due to higher provisions and loan write-offs.