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SKS Microfinance further reduces interest rate by 1 percent

SKS Microfinance has further reduced its interest rate by 1 percent to 19.75 percent with effect from December 7 for all future disbursals.

SKS Microfinance said in a BSE filing that “This is the fourth interest rate reduction, aggregating 4.8 per cent, announced by the company since October 2014. The reductions are consistent with the company’s policy of passing on the cost advantages accruing from reduction in the cost of borrowing and economies of scale to its borrowers”.

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