SKS Microfinance may raise Rs 3,000 crore next fiscal
SKS Microfinance, India's only listed micro-lender, may raise Rs 3,000 crore during the next fiscal to meet its lending requirements, a senior official of the company said.
SKS Microfinance Ltd. said it will cut interest rates slightly in Andhra Pradesh state, where the microlending industry is trying to fend off rising hostility after a string of suicides by borrowers who were unable to pay back loans.