New Delhi, May 8 -- The liquidity crisis among non-banking financial companies (NBFCs) has had a major side-effect on the securities markets: the securitisation of loans, which can be hawked as assets, has more than doubled, thanks to the cash-crunch that is forcing NBFCs and housing finance companies to sell their loan portfolios to raise funds. According to rating firm ICRA, securitisation volumes hit nearly Rs.2 trillion last fiscal year, compared with just Rs.840 billion the year before. That is an impressive jump for the nascent Indian securitisation market....