India: SKS microfinance eyes INR 600 million (US11.3 million) profit next fiscal

February 6, 2013

Ankur Sohanpal

SKS Microfinance, the country’s only listed microfinance firm is now projecting a profit for the next fiscal, after posting a profit for third quarter of financial year 2013. For seven quarters before this, SKS only posted losses. SKS was in the eye of the storm in the microfinance crisis in 2010, and this marks practicing of responsible client protection approaches sustained by continuous profits. Read more here.