SKS Microfinance raises Rs 214 cr through securitisation deal

With this transaction, sum of securitisation completed during the current fiscal (year-to-date) is Rs 1,781.82 crore, it said

SKS Microfinance said Thursday it has raised Rs 214.61 crore through a securitisation deal.

In a BSE filing, SKS Microfinance said it has "on March 16, 2016 completed the sixth securitisation transaction during 2015-16 for a pool value of Rs 214.61 crore."

With this transaction, the total sum of securitisation completed during the current fiscal (year-to-date) is Rs 1,781.82 crore, it said.

The entire pool qualifies for Priority Sector treatment as per the Reserve Bank'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 a very low credit risk," it added.

SKS Microfinance Limited is a non-banking finance company, regulated by the Reserve Bank of India.