CreditAccess Grameen has completed securitisation of Rs 110.35 crore on June 06, 2019. This is the first securitization transaction initiated during the FY20.
The entire securitisation pool qualifies for Priority Sector treatment as per the guidelines prescribed by the Reserve Bank of India. Further, Securitization pool has been rated Provisional ‘ICRA A (SO)’ by ICRA, 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 | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
| View more.. | |
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