Retail securitisation volume doubles to Rs 1.9 trillion in FY19

One of the biggest reason was that few large mortgage players returned to the market in the first quarter of fiscal 2019 after clarification that securitised assets are not liable to GST

Retail securitisation volume in the Indian market more than doubled to Rs 1.9 trillion in fiscal 2019, compared with Rs 85,000 crore for the whole of fiscal 2018, driven substantially by mortgage lenders, a CRISIL study shows. 

Securitisation refers to packaging of loans such as auto, house, credit cards of banks and lenders into debt instruments. This helps lenders to sell part of loans to generate liquidity for running businesses.

The rating agency said there were three drivers behind the spurt in volume. One, a few large mortgage players returned to the market in the first quarter of fiscal 2019