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Thursday, February 5, 2015

SKS Microfinance completes securitisation worth Rs. 83 cr

SKS Microfinance Ltd has completed the fourth securitisation transaction in current financial year worth Rs. 83.32 crore.

With this, the total sum of securitisations completed during FY15 was Rs. 775.13 crore, the company informed Bombay Stock Exchange on Thursday.

The entire pool qualifies for priority sector treatment as per the Reserve Bank of India's priority sector lending guidelines.

The pool has been rated AA (SO) by a rating agency, signifying a `high degree of safety regarding timely servicing of financial obligations’, it added.

Source : Thehindubusinessline


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