India’s securitisation market rises in the first quarter, driven largely by non-banking financial companies (NBFCs), according to industry reports cited by multiple outlets. Business Standard and other sources report that NBFCs account for the vast majority of securitisation issuances during the April–June period (first quarter), with one report putting the share of NBFC-originated issuances at more than 98%. Both Crisil and ICRA analysis point to gold loans becoming the largest securitised asset class. In particular, gold loans account for about 31% of overall securitisation volumes, overtaking vehicle loans as the top category. The shift is attributed to strong NBFC portfolio growth and steady demand from investors, alongside healthy retail credit growth. ICRA also says securitisation volumes grow by around 20% in the quarter, reflecting increased issuance activity. Across the articles, the common theme is that investor appetite for these pooled loan assets supports issuance volumes, while NBFCs remain the primary originators of the securitised portfolios.
NBFCs boost securitisation; gold loans become largest asset class in Q1
India’s securitisation market rises in the first quarter, driven largely by non-banking financial companies (NBFCs), according to industry reports cited by multiple outlets. Business Standard and othe...
- NBFCs originate more than 98% of securitisation issuances in the April–June quarter, according to Crisil cited in reports.
- Gold loans become the largest securitised asset class, accounting for about 31% of securitisation volumes.
- Securitisation volumes rise by roughly 20% in the first quarter (FY27), driven by NBFC-led issuance.
- Investor demand and healthy retail credit growth support securitisation issuances, as described by the reports.
- Vehicle loans are overtaken by gold loans as the top securitised asset class in the quarter.
India's securitisation market grew about 20 per cent in the first quarter of FY27, with NBFCs driving issuances as gold loans emerged as the largest asset class, ICRA said
1 month agoGold loans have emerged as the largest asset class, overtaking vehicle loans, accounting for nearly 31% of the overall securitized volume.
1 month agoThe report said more than 98% of the issuances during the quarter were originated by non-banking financial companies (NBFCs).
1 month agoGold loans accounted for 31% of securitisation volumes, driven by strong NBFC portfolio growth and healthy investor demand
1 month agoNBFCs accounted for over 98% of securitisation issuances in April-June 2026, with gold loans emerging as the largest asset class amid robust investor demand and healthy retail credit growth
1 month ago
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