SKS Micro completes Rs 215-cr securitisation deal

G. Naga Sridhar Updated - December 19, 2013 at 11:25 AM.

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.

naga.gunturi@thehindu.co.in

Published on December 19, 2013 05:53