December 2016 Current Affairs

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SKS Microfinance renamed Bharat Financial Inclusion

SKS Microfinance renamed Bharat Financial Inclusion
15 June 2016 Current Affairs: SKS Microfinance has the name of the company has been changed to Bharat Financial Inclusion Ltd. Pursuant to approval of Government, Ministry of Corporate Affairs, Registrar of Companies, the name of the company has been changed from 'SKS Microfinance Limited' to 'Bharat Financial Inclusion Limited' with effect from today (June 13, 2016) .

It is the only listed company in the microfinancing space in the country. Earlier in May, the company had said the decision to change the name was taken as its core had undergone a transformation, equipping it to play a major role in fulfilling the national priority of financial inclusion.

The company is among the largest microfinance companies in India. It has presence across 18 states covering 1,00,000 villages, catering to its 63.65 lakh women members. 

The company was mired in serious controversy in late 2010 due to rising spate of suicides by its borrowers, triggered by allegedly coercive recovery practices. 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
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24 NOV
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October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
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25 OCT
NEWS
24 OCT
NEWS
22 OCT
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September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
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29 AUG
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27 AUG
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26 AUG
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25 AUG
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