Friday , October 22 2021

Bharat Financial Inclusion completes 6th transaction of Rs 289.14 crore

Bharat Financial Inclusion has completed the sixth securitization transaction of Rs 289.14 crore in FY19. With this transaction, the Company has completed six securitization transactions worth Rs 2,842.17 crore in FY19.

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.

Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.

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