Wednesday, March 7, 2012

Spandana hopes to better business in FY13, plans to take smaller MFIs’ loan portfolios

....Meanwhile, along with other MFIs, the company would now face another hurdle if the Reserve Bank sticks to its provisioning norms, for arrear periods between 180 and 720 days. Where as, SKS Microfinance has already written off altogether Rs 760 crore until December ended quarter this fiscal........

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