Securitisation volumes in India for FY24 hit a record high of Rs 1.9 trillion, matching levels seen before the pandemic. This process involves lenders selling future loan repayments to third parties for immediate cash. Despite HDFC Ltd’s exit from the market after merging with HDFC Bank, which accounted for 23% of FY23 volumes, the sector still grew by 27% adjusted for this change. FY24 witnessed increased diversity with 165 originators conducting 1,100 transactions, reflecting non-banking financial companies’ (NBFCs) efforts to diversify funding sources amidst RBI’s stricter regulations on bank exposures to NBFCs introduced in November.
Surge in Securitisation Volumes Reaches Record Highs in FY24
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