MUMBAI: Crisis at non-bank lenders has led securitisation volumes to touch an all-time high of almost ₹2 lakh crore in fiscal year 2018-19, as liquidity starved entities sold portfolios, a report said Wednesday. The volumes of securitisation, where a lender sells a portfolio of future receivables, surged 140% to touch the ₹1.99 lakh crore mark, the report by domestic rating agency Icra said. Helped by aggressive sell down by the HFCs, the direct assignment transactions surged to ₹1.28 lakh crore from the ₹49,000 crore in the year-ago period, it said. Lease rentals got added as a new category and already possesses 6% share of the volumes. Priority sector loans -- the favourite in the securitisation market -- saw its share dip as non-PSL transactions' share grew to 38%, one of the highest in recent times.

Source: Mint May 08, 2019 15:45 UTC