CreditAccess Grameen Limited has completed Securitisation of Rs. 110.35 Crore on June 06, 2019. This is the first securitization transaction initiated during the FY-2019-20.
The entire Securitisation pool qualifies for Priority Sector treatment as per the guidelines prescribed by the Reserve Bank of India. Further, Securitization pool has been rated Provisional [ICRA] A (SO) by ICRA, which signifies adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
Shares of CreditAccess Grameen Ltd was last trading in BSE at Rs.541 as compared to the previous close of Rs. 536.75. The total number of shares traded during the day was 4547 in over 491 trades.
The stock hit an intraday high of Rs. 547.85 and intraday low of 532.95. The net turnover during the day was Rs. 2465443.