The retail asset secondary market volume (including pass-through certificate [PTC] issuance and direct assignment [DA] transactions) for FY24 touched an all-time high of ₹2,05,000 crore (CareEdge rating estimate) registering a growth of around 17% compared to FY23. The volume in the last quarter could have been higher if not for the impact of a preference for balance sheet lending and a mismatch in pricing expectations between originators and buyers. The merger of the HDFC entities also led to a drop in volume and consequently impacted the market growth. The securitisation market also saw the entry of around 40 new originators in FY24.
Retail_Asset_Securitisation_-_All_Time_High_at_2_05_Lakh_Crore
