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SKS Microfinance completes Rs 159.80 crore securitization

31 Mar 2014 Evaluate

SKS Microfinance (SKS) has completed its thirteenth securitization transaction during the current financial year of Rs 159.80 crore. With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,816.26 crore. The entire pool qualifies for priority sector treatment as per RBI’s priority sector lending guidelines.

The pool is rated A (SO) by a leading rating agency signifying adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry a 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.

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