Mumbai: Securitization volumes by non-banking financial companies (NBFCs) and housing finance companies (HFCs) are estimated to have surged about 2.3 times on a year-on-year (y-o-y) basis in Q1 FY22 to ₹17,500 crore, rating agency Icra said. Due to the Covid-19 pandemic and resultant nationwide lockdown in March 2020, securitization volumes had fallen significantly in Q1 of fiscal 2021. Abhishek Dafria, vice-president and group head (structured finance ratings) at Icra said that despite the onset of second wave in April 2021, securitization volumes saw a robust y-o-y growth in Q1 FY22. Traditionally,securitization through the Direct Assignment (DA) route has accounted for about two-thirds of total volumes, Icra said. In Q1 FY22, the volumes were almost equally distributed between DA and PTC, it said.

Source: Mint July 10, 2021 03:45 UTC