ICRA revises FY21 securitisation estimate to Rs 80,000 cr from Rs 1.2 trn

Domestic rating agency ICRA on Thursday revised down its estimate on securitisation for 2020-21 to over Rs 80,000 crore from the earlier Rs 1.2 trillion, blaming the coronavirus pandemic for the slower pick-up.

Volumes of securitisation had stood at Rs 2 trillion in the year-ago period.

Activity in the July-September period picked up to over Rs 15,000 crore as against over Rs 7,000 crore in the first quarter of the fiscal, it was still lower than expected.

For the first half of the current financial year, the overall volumes were over Rs 22,700 crore as against Rs 1 trillion in