Microfinance institutions (MFIs) have something to cheer about. Securitised microfinance loans are getting grades that are better than the ratings assigned to micro lenders selling these portfolios, say analysts and those in the sector.

By Anto Antony on May 17, 2012 SKS Microfinance Ltd. (SKSM), India's largest publicly traded lender to the poor, says proposed legislation will spur a revival by easing loan recovery just as mounting losses force it to curtail operations.

The Union Cabinet had approved the Bill, which will be tabled in the ongoing Parliament session. While welcoming the Cabinet clearance, the institutions said it was a step in the “right direction”.

PTI | Updated: May 13, 2012 18:03 IST Hyderabad: The micro finance bill, approved by the Union Cabinet last week, is anti-poor and will help microfinance institutions (MFIs) and not small borrowers, a senior official of the Andhra Pradesh Government ...

SKS Microfinance's scrip gained 10.59 per cent to close at Rs 98.15 a share over the previous close. It was buoyed by Union Cabinet's approval to the Micro Finance Institutions (Development and Regulation) Bill.