SKS Microfinance completes second securitization transaction of Rs 243.08 crore

SKS Microfinance has completed the second securitization transaction for a pool value of Rs 243.08 crore during FY16. With this transaction, the total sum of securitization completed during FY16 (YTD) is Rs 326.73 crore.

The entire pool qualifies for Priority Sector treatment as per the Reserve Bank of India's Priority Sector lending guidelines. The pool has been 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 Microfinance (SKS) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. SKS' mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.