SKS Microfinance (SKS) has completed its twelfth securitization transaction during the current financial year of Rs 95.50 crore. With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,656.46 crore. The entire pool qualifies for priority sector treatment as per RBI's priority sector lending guidelines.
The pool is rated AA (SO) by a leading rating agency signifying a 'high degree of safety regarding timely servicing of financial obligations'. Such instruments carry a very low credit risk.
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.