SKS Microfinance has completed a securitization transaction of Rs 52.62 crore, rated as A1+ (SO) with a private sector bank. This is the 5th securitization transaction in FY13 and, with this the company has completed securitization transactions aggregating to Rs 411 crore in FY13.
SKS Microfinance (SKS) 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 17 states of India.