Bharat Financial Inclusion has completed its second securitization transaction in FY18 of Rs 419.89 crore. With this transaction, the company has completed securitization transactions worth Rs 663.67 crore in FY18. The entire pool qualifies for priority sector classification 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 a 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.