October 31, 2005 SKS completes transformation to a Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India (RBI)

 

Hyderabad – After successfully registering as a Non-Banking Finance Company (NBFC) in January 2005, SKS has successfully completed the transformation at all of its branches and is fully functional under the new ownership structure. Registered by the Reserve Bank of India (RBI) SKS receives the following list of benefits as a NBFC:
 

  • Access to Funds: Commercial lenders have greater comfort lending to a regulated company with transparent ownership
  • Diverse Funding Source: As a regulated for-profit company, SKS can raise equity and offer returns, enabling it to access commercial investors and international capital markets
  • Outreach Potential: With increased access to funds, SKS will be able to scale into a national organization

    You can read more about SKS financial structure and details here,
     http://www.sksindia.com/website2/financialhistory.htm
   
 
 
 
 

 
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