SKS Microfinance Announces resignation of Mr. Pramod Bhasin as Independent Director
Aug '2011

             Mr Bhasin to ‘consider other business pursuits’


Hyderabad, August 12, 2011: SKS Microfinance Limited, India’s largest microfinance company, today announced the resignation of Mr. Pramod Bhasin as an Independent Director from the Board of the Company.

The resignation has been accepted by the Board, and Mr Bhasin ceases to be an Independent Director of the Company with immediate effect.

“As I consider other business pursuits including those in financial services in line with my experience and background, I felt it’s prudent to resign from the SKS Board at this time,” said Mr Bhasin in his mail to the Board. “I believe SKS can have a very bright future in the present environment, particularly as new regulations are passed to rectify the issues created by the AP regulations.”


“With his multifaceted dynamism, business acumen and pioneering spirit, Pramod has made rich contributions to the Company,” said the Board of Directors of SKS Microfinance. “We have benefited immensely from his guidance and participation at the Board. We wish him all the very best in his new endeavours.”


About SKS Microfinance Limited:

SKS Microfinance Limited (SKS) is a non-banking finance company (NBFC), registered and regulated by Reserve Bank of India, whose mission is to eradicate poverty by providing financial services to the poor.

SKS operates across 19 states of India. They include: Andhra Pradesh, Karnataka, Maharashtra, Orissa, Madhya Pradesh, Bihar, Uttar Pradesh, Rajasthan, Uttaranchal, Himachal Pradesh, Haryana, West Bengal, Jharkhand, Chhattisgarh, Gujarat, Kerala, Tamil Nadu, Punjab and Delhi.

SKS has been recipient of many received awards, which include Social and Corporate Governance Award by BSE, NASSCOM Foundation for Best Corporate Social Responsibility Practice (2007), Social Performance Reporting Award (MFIs) - Silver Category for Social Performing rating conducted by MIX market (2009) etc.


For  more information, please contact :

J S Sai

SKS Microfinance Limited

+91 9849199455