Microfinance Focus, August 22, 2011: After falling for the previous four days of trading, SKS Microfinance today traded at an all time low of Rs. 261 and closed at Rs. 266 on Bombay Stock Exchange.

SKS stocks were down by 2 percent from the previous day close of Rs. 271.8 and have dropped by nearly 16 percent during the last one week of trading.

The company’s shares have been dropping since the reports about a possible step down of Vikram Akula as its executive chairman have surfaced. It was reported that some board members of SKS have suggested that Akula should guide the company as a non-executive or part-time chairman since it is difficult for him to devote time as a full-time executive.