Published on 7/03/2017 10:50:49 AM | Source: Dion Global Solutions Ltd.
Bharat Financial Inclusion dips nearly 6% on NPA concerns
Shares of Bharat Financial Inclusion (formerly S K S Microfinance), tumbled nearly 6 per cent in early trade on the Bombay Stock Exchange after micro lender informed the investor community that 4.5 per cent of its gross loan portfolio is under risk of slipping into bad loan in the fourth quarter.
Reacting to the news, shares of company declined as much as 5.97 per cent to hit intra-day low of Rs 754.25 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of company slipped 1.76 per cent to Rs 788.40 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,035.54, down 12.65 points, or 0.04 per cent, at 10:08 hours.