So far in 2012-13, SKS Microfinance clinched five securitisation deals aggregating to Rs 411 crore with banks.
The fifth one was a Rs 52.62 crore securitization deal that the bank entered into recently with a private sector bank and which is rated A1 {SO).
Meanwhile, it may be noted that the company announced a net profit of Rs 1.2 crore during October-December 2012, after suffering losses in seven consecutive quarters. In the year-ago period, the company had incurred a loss of Rs 428 crore.
The total income of the Hyderabad-based company, which was badly hit by Andhra Pradesh microfinance crisis since October 2010, was marginally down to Rs 85 crore (Rs 87 crore).
The core interest income from the non-Andhra Pradesh States decreased to Rs 79 crore from Rs 82 crore in the year-ago period.
Loan disbursements increased to Rs 784 crore from Rs 690 crore in the second quarter of the current financial year. Andhra Pradesh portfolio was reduced to a nil in the quarter ended September 2012.
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