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SKS Microfinance Ltd has concluded a securitisation deal worth Rs 215 crore.
“With this, the total sum of securitisations completed for FY-14 is Rs 616.81 crore,’’ its chief financial officer S. Dilli Raj said in a release on Thursday.
SKS has downloaded the receivables from micro loans extended to more than 2.50 lakh rural women entrepreneurs to a special purpose vehicle, and pass through certificates were purchased by a major private sector bank. The entire pool qualified for priority sector treatment as per RBI's priority sector lending guidelines, he said.
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