Bharat Financial Inclusion completes second securitization transaction of Rs 530.87 crore

Bharat Financial Inclusion (formerly known as SKS Microfinance) has completed its second securitization transaction in FY17 of Rs 530.87 crore. With this transaction, the company has completed securitization transactions of Rs 744.44 crore in FY17. 

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 very low credit risk.

Bharat Financial Inclusion is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.