Chennai, Oct. 12 -- The retail asset securitisation market witnessed a decline of 6 percent in H1FY26 for the first time in recent years, said credit rating agency CARE Ratings.
According to CARE Ratings estimates, the aggregate volume stood at Rs 1,13,000 crore for H1FY26, encompassing both passthrough certificate (PTC) issuances and direct assignment (DA) transactions.
This dip, though modest, marks a departure from the growth trajectory observed in previous periods.
"The decline in securitisation volumes in H1FY26 vis-a-vis H1FY25 can be attributed to comparatively lower participation by a few large originators, driven by excess on-balance-sheet liquidity and an improving credit-deposit (CD) ratio," said Vineet Jain, Senior Director....