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Bharat Financial completes Rs 2,334.71 cr worth securitisation transactions

indsamachar

In a regulatory filing, the company said it completed the fourth securitisation transaction of Rs 429.88 crore on November 6.

Bharat Financial Inclusion said it has completed securitisation transactions worth Rs 2,334.71 crore this fiscal and the entire pool qualifies for priority sector treatment as per RBI norms.

Securitisation refers to pooling various types of debt and selling them to investors.

In a regulatory filing, the company said it completed the fourth securitisation transaction of Rs 429.88 crore on November 6.

“With this transaction, the company has completed four securitization transactions worth Rs 2,334.71 crore in FY’19,” the filing added.

The entire pool qualifies for priority sector treatment as per the Reserve Bank of India’s (RBI) priority sector lending guidelines, it said.

 

 

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