SKS Microfinance is trading higher by 3% at Rs 199 in otherwise weak market on the BSE after the company announced that it has completed the tenth securitization transaction during the current financial year of Rs 26.73 crore.
With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,377.94 crore.
The entire pool qualifies for priority sector treatment as per RBI's priority sector lending guidelines.
The pool is rated A1+ (SO) by a leading rating agency signifying a very strong degree of safety regarding timely payment of financial obligations'. Such instruments carry the lowest credit risk, SKS Microfinance said in a statement.
The stock opened at Rs 195 and touched high of Rs 200 on the BSE. A combined around 50,000 shares changed hands on the counter so far on the BSE and NSE.
With this, the total sum of securitizations completed for FY14 (YTD) is Rs 1,377.94 crore.
The entire pool qualifies for priority sector treatment as per RBI's priority sector lending guidelines.
The pool is rated A1+ (SO) by a leading rating agency signifying a very strong degree of safety regarding timely payment of financial obligations'. Such instruments carry the lowest credit risk, SKS Microfinance said in a statement.
The stock opened at Rs 195 and touched high of Rs 200 on the BSE. A combined around 50,000 shares changed hands on the counter so far on the BSE and NSE.
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