India: SKS Microfinance Sells 6.1 billion Rupees Securitised Loans

Mar 2011
Mumbai, India, March, 29 2011 - SKS Microfinance, India's largest and only publicly listed microfinance institution, said on Tuesday it sold securitised loans worth 5.5 billion rupees in two tranches to banks.

The company also said it sold securitised loans worth 600 million rupees to a non-banking financial company earlier this month.

"The transactions will further augment the liquidity position of SKS Microfinance, " said Chief Financial Officer S Dilli Raj said, adding such loan markets "had virtually ceased post the AP (Andhra Pradesh) MFI Act."

Source : Reuters

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More