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SKS Microfinance Ltd today said it has completed second securitisation transaction for a pool value of Rs 243.08 crore.
“SKS Microfinance today completed the second securitisation transaction for a pool value of Rs 243.08 crore during 2015—16. With this transaction, the total sum of securitisation completed during 2015—16 is Rs 326.73 crore,” it said in a filing on the BSE.
SKS said the entire pool qualifies for priority sector treatment as per RBI’s priority sector lending guidelines.
It said the pool value has a high degree of safety regarding timely servicing of financial obligations.
Such instruments carry a very low credit risk,” it said further.
Securitisation means creation of a financial instrument by an issuer by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
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