 "Securitisation market gathers steam")
The transaction volumes in the Indian securitisation market fell by nearly 20 per cent in April-September 2017 (H1 FY18) to Rs 36,000 crore from Rs 45,000 crore for the same period in FY17.
According to rating agency ICRA, a slowdown in activity was caused predominantly by two factors. First, sharp pickup in Priority Sector Lending Certificates (PSLCs) market – an alternate route available to banks to meet their PSL requirements hit securitisation. Second, the lack of clarity surrounding incidence of GST on the ‘assignment’ of secured loan receivables had bearing on volumes.
ICRA said this trend is in
According to rating agency ICRA, a slowdown in activity was caused predominantly by two factors. First, sharp pickup in Priority Sector Lending Certificates (PSLCs) market – an alternate route available to banks to meet their PSL requirements hit securitisation. Second, the lack of clarity surrounding incidence of GST on the ‘assignment’ of secured loan receivables had bearing on volumes.
ICRA said this trend is in
