After hitting an intraday high of Rs 756, or 13.08 per cent, shares of SKS Microfinance on Thursday settled at Rs 694.25, up 3.84 per cent on the Bombay Stock Exchange, after the Reserve Bank of India’s (RBI’s) came out with its restructuring guidelines yesterday.
The central bank relaxed debt restructuring norms for MFIs, enabling banks to provide liquidity support to the crisis-ridden sector.
Shares of SKS, the only listed MFI country, touched a monthly high in the intraday session. On December 21, the shares had dipped to Rs 559.
