 "NBFC")
Amid the tight liquidity situation, non-banking finance company-microfinance institutions (NBFC-MFIs) raised close to Rs 26,200 crore through securitisation deals in the last financial year.
This is a whopping rise of 170 per cent over 2017-18, according to a report by credit rating agency ICRA. NBFC-MFIs had raised close to Rs 9,700 crore in the financial year 2017-18.
According to MFIs, one of the factors behind the rise in securitisation deals was State Bank of India’s (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs.
Soon after liquidity crisis in the NBFC sector in September 2018 when IL&FS defaulted on its loan
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