Posts Tagged ‘Kismet Capital’

Microfinance Focus, October 5, 2010: Sacking of its Chief Executive Officer, Suresh Gurumani after a successful public offering two months ago, sent the shares of SKS Microfinance tumbling 5.8 percent at 1,276 rupees on Monday on Bombay Stock Exchange (BSE). The company has appointed Mr. M. R. Rao, Deputy CEO as the Managing Director & CEO for a period of 3 years with effect from ... Full story

Microfinance Focus, October 4, 2010: Indian microfinance giant SKS Microfinance Ltd has informed Bombay Stock Exchange (BSE) that the Board of Directors of the Company at its meeting held October 03, 2010, which was adjourned and re-convened on October 04, 2010, has passed a resolution terminating the appointment of Mr. Suresh Gurumani as Managing Director and Chief Executive Officer of the Company and withdrawn all ... Full story

Microfinance Focus, June 23, 2010: In the concluding session of day one at MCCM conference, attention was drawn towards the relevance of press for the microfinance industry. WSJ’s Paul Beckett spoke, “Reputational risk is massive under representative factor. If it goes wrong, regulators over react, politicians over react and you’ll be in a tough spot” he said. For mitigating these risks, he added, “You should ... Full story