SKS Microfinance, is planning to start lending operations in Andhra Pradesh, two years after the state government came out with a stringent laws to regulate the industry. The entity had challenged the Andhra Pradesh High Court’s February judgment and argued that the firm is complying with all the directions issued by RBI, so the court issued notice to Andhra Pradesh and others after ordering that no coercive steps should be taken against SKS if it complied with all orders.
SKS Microfinance (SKS) is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 17 states of India.
