Disbursements also picked up, necessitating incremental funding requirements. More than 130 financing entities securitised their assets in the past 12 months
The securitisation volumes in microfinance loans, which saw improvement in the first nine months of FY22, may witness some impact in the fourth quarter due to concerns over the third Covid-19 wave
The cumulative value of deals executed in the first nine months of this fiscal stood at approximately Rs 80,000 crore
ICRA said it expects the full year volumes (FY22) to be around Rs 1 - 1.1 trillion, marginally lower than its earlier estimates of about Rs 1.2 trillion.
Gold loan securitisation volumes stood at around Rs 4,400 crore in the first half of the current fiscal, same as volumes seen in the year-ago period, Icra Ratings said in a report on Wednesday
Securitisation volume more than doubled to Rs 50,000 crore in the first half of the current fiscal year, Crisil Ratings said in a report.
The securitisation process involves the conversion of an assets mostly loans, into marketable securities, which are sold to investors to raise cash
The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions.
India Ratings and Research on Friday said securitisation volumes have picked up post the second wave lull in the first quarter of the current fiscal, helped by the improvement in collections.
The performance of 143 rated securitisation deals showed the recovery has improved sentiments and supported the loan performance in June-July 2021
Icra on Thursday said domestic securitisation volumes are expected to be higher in the second half of the fiscal, which will result in a 40 per cent jump in overall volumes to Rs 1.3 trillion in FY22
Securitisation deals in Q4FY20-21 amounted to Rs 40,000 crore, to become the highest-grossing quarter for the 2020-21 fiscal year
Fears of stricter lockdown amid coronavirus may affect asset quality of retail loans, thereby impacting the fund-raising ability of housing finance and NBFCs through the securitisation route
Rating agency Icra estimates annual for FY21 securitisation at Rs 80,000-90,000 crore
More originators entered the market and mutual funds started investing in new issuances, says a report
Weak economic conditions will continue to hurt borrowers' ability to repay loans, keeping performance risks for asset-backed securities (ABS) elevated
The increase in the share of gold loans in securitisation, a trend witnessed in FY20, continued in H1FY21
Volumes of securitisation had stood at Rs 2 trillion in the year-ago period.
However, there are signs of recovery as September saw a rebound in securitisation transactions to Rs 10,000 crore
Lockdown impacted income generation capacity of many borrowers, making investors wary of fresh transactions given the likely deterioration in loan repaying capacity of retail borrowers