Bharat Financial Inclusion completes securitization transaction of 108 crore
On 15 September 2016
Bharat Financial Inclusion announced that the Company on 15 September 2016 completed a securitization transaction of Rs. 108 crore. With this, the Company has completed three securitization transactions aggregating to Rs. 852.44 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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content