SKS Microfinance shares surge over 8 per cent on RBI borrowing policy

Total indebtedness of a borrower, excluding educational or medical expenses, not to exceed Rs 100,000 ($1,600) vs Rs 50,000 earlier, RBI said.

Reuters and Reuters

The stock ended at Rs 513.95, up 8.61 per cent or Rs 40.75. (Photo: Reuters)

SKS Microfinance shares ended over 8 per cent higher on Tuesday after RBI raised borrowing limits for an individual by micro-finance institutions.

The stock ended at Rs 513.95 on the Bombay Stock Exchange (BSE), up 8.61 per cent or Rs 40.75.

Total indebtedness of a borrower, excluding educational or medical expenses, not to exceed Rs 100,000 ($1,600) vs Rs 50,000 earlier, RBI said.

Detailed guidelines will be issued shortly, RBI's policy statement added.

Published on: Apr 7, 2015 4:32 PM IST