SKS Microfinance has completed the first securitization transaction in the current financial year of Rs 316.25 crore. The entire pool qualifies for Priority Sector treatment as per the RBI’s Priority Sector lending guidelines.
The pool has been rated ‘AA (SO)’ by a leading rating agency, signifying a ‘high degree of safety regarding timely servicing of financial obligations’. Such instruments carry very low credit risk.
SKS Microfinance is a non-banking finance company (NBFC), registered and regulated by the Reserve Bank of India, whose mission is to provide financial services to low-income households. SKS operates across 16 states of India.