SKS Microfinance has completed its tenth securitization transaction during the current financial year of Rs 26.73 crore. With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,377.94 crore. The entire pool qualifies for priority sector treatment as per RBI's priority sector lending guidelines.
The pool is rated A1+ (SO) by a leading rating agency signifying a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk.
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 16 states of India.