New Delhi, Oct. 11 -- The retail asset securitisation market witnessed a 6 per cent decline in the first half of the financial year 2025-26 (H1FY26), marking the first contraction in recent years, according to a report by CareEdge Ratings.

The total securitisation volume stood at Rs 1.13 lakh crore during the period, encompassing both pass-through certificates (PTCs) and direct assignments (DAs).

This was driven by excess on-balance-sheet liquidity and an improving credit-deposit (CD) ratio, which reduced the immediate need for off-balance-sheet funding through securitisation.

Despite these developments, the broader performance of rated retail pools remains robust. Over the last four years, retail securitisation volumes have demonstrat...