 "Global funds such as Oaktree Capital, SSG Capital, Farallon Capital have lapped up most of these loans.")
The Securitisation volume plunged by 85 per cent to Rs 6,200 crore in the first quarter ended June 2020 (Q1FY21) on slow collections following the lockdown in India. The loan moratorium also impacted volumes, according to rating agency CRISIL.
However, in stark contrast with the overall market performance, transactions backed by gold-loan receivables bucked the trend. They comprised nearly half of the total securitisation transactions in the first quarter.
In Q1FY20, the share of gold loans was 20 per cent, in Q1FY19 it stood at 7 per cent and was a meagre 2 per cent in Q1FY18. CRISIL said.
The increase in gold
