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SKS Microfinance Ltd has completed a securitisation transaction for Rs 321 crore with a major public sector bank.
The transaction is possibly the first substantial securitisation deal in the fiscal 2013-14 in the microfinance sector.
Dilli Raj, Chief Financial Officer, SKS Microfinance, said: "The present transaction generates liquidity of Rs 321 crore for the company and enables it to extend micro-loans to 4,75,000 rural women entrepreneurs.
somasekhar.m@thehindu.co.in
Source: thehindubusinessline
The transaction is possibly the first substantial securitisation deal in the fiscal 2013-14 in the microfinance sector.
Dilli Raj, Chief Financial Officer, SKS Microfinance, said: "The present transaction generates liquidity of Rs 321 crore for the company and enables it to extend micro-loans to 4,75,000 rural women entrepreneurs.
somasekhar.m@thehindu.co.in
Source: thehindubusinessline
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