Key Highlights: 

  • Securitisation transaction stood at Rs 102,500 crore in FY17
  • Pass-through certificates and  mortgage-backed securities best performer
  • Bank's outstanding credit growth reached at Rs 78.81 lakh crore in FY17

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Securitisation transactions in India touched a lifetime high of Rs 1,02,500 crore in fiscal 2016 – 17 (FY17), rising 47% as against last year.

Securitisation is a portal where a company clubs its different financial assets/debts to form a consolidated financial instrument which is issued to investors. 

Krishnan Sitaraman, Senior Director, Crisil Rating, said, “Tax clarity gave a big fillip to the securitisation market. The shift back to PTCs augurs well for healthy development of the market due to protection for investors against potential pool delinquencies through credit enhancement coupled with regular monitoring and greater transparency in pool performance.”

Bank credit growth will inch up this year but will still remain weak

  • An era of low bank loan growth to India Inc may be here