 "SKS Microfinance completes Rs 316 crore securitisation")
SKS Microfinance, the only listed microfinance company in the country, has completed its first securitisation transaction of Rs 316.25 crore in the current financial year.
The entire pool qualifies for priority sector treatment as per 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, the company said in filing to the BSE on Wednesday.
SKS Microfinance's scrip is currently trading at Rs 317.95 on the BSE, up 0.47%, over the previous close of Rs 316.45.