Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil

The commercial vehicle segment witnessed 31 per cent growth and microfinance segment saw 14 per cent growth in the securitisation market

Securitisation volumes have topped Rs 1.15 trillion in the first nine months of the current financial year (FY23), up 42 per cent year-on-year (YoY) from the year-ago period, as market activity in the October – December quarter continued with the momentum witnessed in the first two quarters, said rating agency CRISIL in a report on Monday.
 

Further, there was marked increase in the number of originators, which topped 120 compared with 100 in the preceding year. This was because new originators such as small finance banks increased their securitised issuances in recent quarters and added this mechanism as one of