NEWS & ADVICE : PERSONAL LOAN
Raised Rs 200 cr by selling loans: SKS Microfinance
By Vaibhav Aggarwal
Nov 7, 2012
Print    Email    RSS   

SKS Microfinance has raised around Rs 200 crore by giving loans to a state-run bank through securitization deal.

After the Reserve Bank of India issued revised securitization guidelines for non-banking finance companies, this is the first major deal in the troubled microfinance sector.

Chief Financial officer Mr. S Dilli Raj in the statement said, "The present transaction generates liquidity of Rs 200 crore for SKS Microfinance and also brings in concomitant capital relief".

The company also said that 26 per cent of the raise amount is from the Scheduled Caste and Scheduled tribe entrepreneurs, 58 per cent from women belonging to the Other Backward Castes and the remaining 16 per cent from minorities.


 


(Comments Posted : 1) Post Your Comments
1. wh0cd70738 clonidine rosacea zoloft medrol pharmacy synthroid
CharlesLib (Posted: Jul 3, 2017)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
A chronicle of excesses by loan recovery...
Personal Loan Vs. Cash advance from credit...
Carnival of Indian Personal Finance Blogs #4
BPLR or Base rate?? Which is better…?
What to look for while taking a personal loan


Surat ℰsℭℴℛt Sℰℛviℭℰ 09958217013,...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive