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SKS Microfinance has been classified as NBFC-MFI by the Reserve Bank of India (RBI) based on the company’s application on January 31, 2013 and subsequent correspondences. The company has been classified as Non Banking Financial Company-Micro Finance Institution (NBFC-MFI) (Non-Deposit taking) from its existing status of Non Banking Financial Company (Non-Deposit taking) Systematically Important (NBFC-ND-SI) with effect from November 18, 2013.
Posted in: Indian Market Tips
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