Securitisation sees 80% drop in H1FY21 due to Covid-19, moratorium: Crisil

The covid-19 pandemic and the moratorium granted on repayment by the Reserve Bank of India (RBI) has led to 80 per cent drop in securitisation transactions by value, said rating agency Crisil in a note on Tuesday. In H1FY21, securitisation transactions plunged to Rs 20,000 crore from Rs 96,000 crore in H1FY20. In H1FY19, they stood at Rs 68,000 crore and in H1FY18 at Rs 37,000 crore.

However, there are signs of recovery as September saw a rebound in securitisation transactions to Rs 10,000 crore. “Overall volume continues to be well below the levels seen in the past few years,