SKS Microfinance, a non-banking finance company, announced that the company completed the sixth securitization transaction in FY15 of Rs 2.43 billion. With this, the total sum of securitizations completed during FY15 (YTD) is Rs 11.07 billion.
The entire pool qualifies for priority sector treatment as per the Reserve Bank of India'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 very low credit risk.
Shares of the company declined Rs 9.35, or 2.05%, to settle at Rs 447.65. The total volume of shares traded was 363,979 at the BSE (Wednesday).