SKS Microfinance: The inside story13 min read 07 Feb 2013, 11:02 PM IST
SKS Microfinance’s S. Dilli Raj and M.R. Rao talk about what went wrong with the company
Mumbai: India’s lone listed microfiance company SKS Microfinance Ltd has seen a 91% erosion of its share value from its peak on 28 September 2010 till date and a 72% slump on its loan book after a state law in Andhra Pradesh (AP) forced it to exit the southern state that made up close to 30% of its business. Collection levels in AP dropped to 5%, forcing SKS to shrink its loan book in other states and use the money to provide for the AP bad loans.
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