Deutsche Securities Mauritius has picked up a 9.15 per cent stake in SKS Microfinance for an estimated INR 780 billion. Deutsche Bank arm has picked up 9.5 million shares through institutional placement basis. Read more here. SKS, which recently got a boost worth INR 2.3 billion (read here) is also looking to expand its customer base and has consequently offered innovation payment techniques that cut cost, especially that of mobile phone loans. Read more here. Recently, a scandal involving employees of the company cheating the company to the tune of INR 1580 million in the last financial year has also come to the fore. Read more here.