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Bharat Financial Inclusion Ltd Completes Fourth Securitization Transaction of Rs. 429.88 Crore in FY 19

Posted On: 2018-11-07 15:15:35

Bharat Financial Inclusion Limited has completed the fourth securitization transaction of Rs. 429.88 crore in FY19. With this transaction, the Company has completed four securitization transactions worth Rs. 2,334.71 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 a very low credit risk.

Shares of Bharat Financial Inclusion Ltd was last trading in BSE at Rs.904.65 as compared to the previous close of Rs. 912.9. The total number of shares traded during the day was 24880 in over 711 trades.

The stock hit an intraday high of Rs. 929.9 and intraday low of 893.8. The net turnover during the day was Rs. 22497041.


Source: Equity Bulls

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