Securitisation recovers in Q3, up 61% at Rs 24,400 cr for shadow banks

Rating agency Icra estimates annual for FY21 securitisation at Rs 80,000-90,000 crore

After a few quiet quarters due to the pandemic, securitisation volumes have risen in Q3 of the current financial year with the shadow banking sector securitising Rs 24,400 crore worth of retail loan assets in the quarter, up 61 per cent sequentially, according to rating agency Icra.

In the same period (Q3FY20), non-banking finance companies (NBFCs) and housing finance companies (HFCs) securitized 47,000 crore worth of loans. Hence, on a year–on–year basis, securitisation volumes are down 48 per cent.

In Q1FY21, NBFCs and HFCs securitised Rs 7,500 crore worth of loans and in the next quarter the volume of securitised