CreditAccess Grameen completes Direct Assignment transaction of Rs 132.46 cr

CreditAccess Grameen has completed a Direct Assignment of Rs. 132.46 Crore on 30 September 2019. This is the second Direct Assignment transaction initiated during the FY-2019-20. With this transaction, the Company has completed one securitization and two Direct Assignment transactions totaling to Rs. 381.70 crore in FY-2019-20.

The entire Direct Assignment pool qualifies for Priority Sector treatment as per the guidelines prescribed by the Reserve Bank of India.

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