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Securitisation Volumes Hit Record
ECONOMY & POLICY

Securitisation Volumes Hit Record

India's securitisation market witnessed robust growth in FY25, with volumes surging 24 percent year-on-year to a record Rs 2350 billion, according to data released by CRISIL Ratings. The momentum was driven by strong activity from non-banking financial companies (NBFCs) and housing finance companies (HFCs) looking to mobilise capital amid a growing appetite for retail loan pools.

The market split remained consistent with Pass-Through Certificates (PTCs) contributing 58 percent and Direct Assignment (DA) transactions making up the rest. Key asset classes securitised included mortgages, vehicle loans, microfinance, and unsecured retail loans.

CRISIL highlighted that the broad investor base and improved credit profiles of underlying assets are helping deepen the market. Public and private sector banks, as well as mutual funds and insurance companies, showed strong participation, reflecting increased confidence.

The sustained rise in securitisation activity reflects growing financial inclusion, higher demand for alternative funding routes, and maturity in India's structured finance landscape.

Experts expect this growth trend to continue in FY26, supported by economic expansion, evolving regulations, and digital lending innovations. 

India's securitisation market witnessed robust growth in FY25, with volumes surging 24 percent year-on-year to a record Rs 2350 billion, according to data released by CRISIL Ratings. The momentum was driven by strong activity from non-banking financial companies (NBFCs) and housing finance companies (HFCs) looking to mobilise capital amid a growing appetite for retail loan pools.The market split remained consistent with Pass-Through Certificates (PTCs) contributing 58 percent and Direct Assignment (DA) transactions making up the rest. Key asset classes securitised included mortgages, vehicle loans, microfinance, and unsecured retail loans.CRISIL highlighted that the broad investor base and improved credit profiles of underlying assets are helping deepen the market. Public and private sector banks, as well as mutual funds and insurance companies, showed strong participation, reflecting increased confidence.The sustained rise in securitisation activity reflects growing financial inclusion, higher demand for alternative funding routes, and maturity in India's structured finance landscape.Experts expect this growth trend to continue in FY26, supported by economic expansion, evolving regulations, and digital lending innovations. 

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