India’s asset-backed securities (ABS) market reaches record levels as global banks increase purchases, seeking exposure to one of the world’s fastest-growing major economies. Bloomberg reports that sales and issuance in the ABS market rise to a record, driven by higher demand from international institutions. Business Line adds detail on the participation of foreign banks, saying their share of total issuance increases to about 35% in the year ended March. It also states this foreign share was lower in prior fiscal years, rising from roughly 28% to 30% in each of the two fiscal years before the latest period. Together, the reports indicate a shift toward greater foreign involvement in India’s ABS issuance, with international banks playing a larger role in underwriting or buying these securities. The coverage does not provide figures on total issuance size in rupees or dollars beyond the market reaching a record, but it consistently attributes the growth to increased activity by global banks. The reports describe the ABS market expansion as ongoing rather than a one-off event.