ICRA estimates that securitisation volumes, originated largely by NBFCs and housing finance companies, at ~Rs. 61,000 crore in Q4 FY2023, the highest quarterly volumes seen since the onset of the Covid-19 pandemic.
On December 5, 2022, the Reserve Bank of India announced revisions to the Master Direction - Reserve Bank of India i.e., Securitisation of Standard Assets Directions, 2021.
ICRA estimates the securitisation volumes, originated largely by NBFCs and housing finance companies, to have grown by about 70% to Rs. 73,000 crore in H1 FY2023 compared to over Rs. 43,000 crore reported in H1 FY2022.
Gold loan securitisation has seen healthy pickup post FY2019 driven by the growth in the gold loan book of NBFCs and very low delinquency levels that has increased investor appetite.Gold loan securitisation volumes were about Rs 4,400 crores in .