SKS Microfinance completes securitisation transaction of Rs 316.25 crore

MUMBAI: SKS Microfinance today said it has completed the first securitisation transaction of Rs 316.25 crore in the current financial year.

"We have completed the first securitisation transaction of Rs 316.25 crore in the current financial year. The entire pool qualifies for priority sector treatment as per the RBI's priority sector lending guidelines," a company statement said here.

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, it said.

SKS Microfinance is among the largest microfinance companies in India with presence across 16 states covering 1,00,000 villages. The company's mission is to provide financial services to the economically weaker sections.