SKS Microfinance is in trouble in Gujarat and West Bengal even as it is still battling the AP crisis.
Collections in West Bengal and Gujarat have decreased for the Hyderabad-based company in the fourth quarter of 2011-12 compared to the third quarter.
The collections dropped from 81.7% to 80.2% in West Bengal, while it dropped 10% to 58.5% in Gujarat, SKS informed investors.
West Bengal accounts for 11.8% of SKS portfolio and 13.5% of future receivables as the second largest State in operations after Karnataka.
Gujarat accounted for 0.8% of the total portfolio. As on March 31, 2012, SKS' outstanding portfolio in non-Andhra Pradesh States was at Rs1,320 crore (Rs2,700 crore in the year-ago period).
....more info
Collections in West Bengal and Gujarat have decreased for the Hyderabad-based company in the fourth quarter of 2011-12 compared to the third quarter.
The collections dropped from 81.7% to 80.2% in West Bengal, while it dropped 10% to 58.5% in Gujarat, SKS informed investors.
West Bengal accounts for 11.8% of SKS portfolio and 13.5% of future receivables as the second largest State in operations after Karnataka.
Gujarat accounted for 0.8% of the total portfolio. As on March 31, 2012, SKS' outstanding portfolio in non-Andhra Pradesh States was at Rs1,320 crore (Rs2,700 crore in the year-ago period).
....more info