Why SKS Micro shares have soared 40% in a week

Shares in SKS Microfinance, the only listed microfinance company in India, have gained over 40 per cent in the last week. The stock traded higher for the fifth straight day Tuesday.The stock has seen strong buying interest since the Reserve Bank of India hinted last week that capital adequacy and provisional norms for non-banking financial corporations, that includes micro-finance institutions like SKS Micro, could be relaxed. At noo...