19 Jun, 2013
The Leela Palace, Bengaluru
Home >> Other >>
Thursday, January 24, 2013 - 09:47 IST
SKS Microfinance swings to profit in Q3 after seven consecutive quarters of losses
BY TEAM VCC
The VC & PE-backed microlender has now completely provisioned for its Andhra Pradesh loan exposure.
Public listed microlender SKS Microfinance recorded a dramatic change in its bottomline as it swung into a net profit for the third quarter ended December 31, 2012 with a sharp fall in provisioning. The firm reported net profit...
To continue reading this article, you must be a Premium subscriber...
A Premium membership gives you:
- Access to all premium articles including exclusives, analyses & commentary.
- Access to archives of over six years.
- Exclusive interviews with top fund managers, CEOs and bankers.
JOBS
- Associate - Red Fort Capital Advisors Pvt Ltd
- The Private Equity Associate - Nereus Capital
RECENT COMMENTS
- 21 May 2013PhoenixonWell said Varadha. This comment of your is unclear, " LPs ought to maintain an arm's distance from GPs and...
- 21 May 2013AnooponThe biggest problem in Indian PE fund GPs is Ethics. They want Day-One-Carry rather than long term carry. There should...
- 20 May 2013varadhaonExits are not happening because a lot of businesses that PE funds invested into were not worthy of investments in the...
- 17 May 2013Santosh VermaonMohanjit, You have the ability to say something that can be said in 100 words in 5,000 words. Congrats on a well...
UPCOMING EVENTSchinetwork