Expect a QIP by month-end: SKS Microfinance

Yesterday, micro-lender SKS Microfinance announced that it has securitised Rs 243 crore of receivables from borrowers outside of Andhra Pradesh. PH Ravikumar, non- executive chairperson - interim, SKS Microfinance says, loan securitisation is a part of ongoing fund raising exercise.

He expects a qualified institutional placement (QIP) by month-end. He says, disbursals have picked up. "This quarter we expect to do as much, if not more than what we did in the second and third quarters," he adds. Below is the edited transcript of his interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: Could you just walk us through the details of this securitisation and whether any more such moves are underway for SKS? A: This is a part of our on going resource raising effort. During the last year, almost Rs 1,600 crore fresh funds have been dispersed to us. Probably we are the only micro finance institution in the country who received fresh funds from banks. I would see this is apart of an on going effort. I don