New Delhi, July 7
Securitisation volume rose nearly 9 per cent to around Rs 49,000 crore in the first quarter (April-June) of 2025-26, compared with Rs 45,000 crore in the same quarter of the previous financial year, according to a Crisil Rating report released on Monday.
Issuances by non-banking financial companies (NBFCs), led by large players, posted a strong year-on-year growth of about 24 per cent. This helped offset the lower origination volume by banks, supporting the overall securitisation market volume, the report states.
Securitisation in banking is a process where illiquid assets like loans are pooled together, repackaged, and sold as securities to investors. This allows banks to free up capital, transfer risk, and provide investors with access to diversified investments.
Overall, NBFCs contributed 92 per cent of the securitisation market in the first quarter of fiscal 2026 as compared to 74 per cent for the whole of fiscal 2025. In fact, the share of the top 20 NBFC originators increased to around 67 per cent in the first quarter this fiscal compared to 56 per cent for the first quarter of last fiscal, according to the report.
Crisil Ratings director Aparna Kirubakaran said: "The top NBFCs have remained steadfast in tapping the securitisation market as a strategy for resource profile diversification."