CreditAccess Grameen has completed a securitisation transaction of Rs 248.35 crore on August 31, 2018. With this transaction, the company has completed five securitization transactions and one Direct Assignment transaction totalling to Rs 733.11 crore in FY19.
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 Provisional IND A (SO) by India Ratings & Research, which signifies adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India. Its wide range of lending products addresses the critical needs of its customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans.
Company Name | CMP |
---|---|
Bajaj Finance | 7088.05 |
Shriram Finance | 2511.35 |
Aditya Birla Capital | 232.80 |
SBI Cards AndPayment | 717.05 |
L&T Finance | 165.20 |
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