 "Securitisation")
The volume in securitisation has doubled to Rs 315 billion year-on-year basis in the first quarter (Q1FY19) on surge in as deals backed by loan receivables that do not qualify for priority sector (non-PSL), according to rating agency CRISIL.
Mortgages continued to be the driver of non-PSL securitisation. The GST Council’s clarification that securitised assets are not liable to pay tax spurred some large mortgage players to tap the securitisation market once again, CRISIL said in statement. Krishnan Sitaraman, senior director, CRISIL Ratings, till now, PSL receivables had ruled the securitisation market roost. But due to a rise in transactions involving
