The securitisation transactions surged 47 per cent to go past the trillion dollar mark in fiscal 2017 despite two speed-breakers -- demonetisation, and the advent of priority sector lending certificates (PSLCs).
After three years of tepid growth, the securitisation market grew 45 per cent to around Rs 25,000 crore in 2015-16 over the previous year and is likely to grow further this fiscal with pick-up in commercial vehicles and construction equipment sector
Expressing confidence that India's securitisation market is revving up for a "take-off", RBI's Deputy Governor R Gandhi on Tuesday said capital markets regulator Sebi is working on a new platform for such transactions.
The Indian securitisation market is not seeing any takers especially after pass through certificates came under the tax department's scanner earlier this year. The task of reviving this market now falls on the finance ministry, reports CNBC-TV18's Mitra Joshi and Ashmit Kumar.