New Delhi, July 13 -- Securitisation volume plunged 85 per cent to Rs 6,200 crore in the first quarter of financial year 2020-2021, because of slow collections following the lockdown and the loan moratorium offered by lenders, a Crisil report said on Monday.
The report said that the decline comes after 15 months of "frenetic" activity that was mainly driven by non-banking finance companies (NBFCs).
"Deferment of transactions is along expected lines. Limited disbursements in the first quarter reduced the immediate liquidity needs of some larger, well-capitalised NBFCs," said Krishnan Sitaraman, Senior Director, Crisil Ratings.
"On the demand side, a vast majority of investors are waiting for clarity on economic activity and borrower cash ...