India's retail asset securitization drop 6% to Rs 283 bn in FY14: CARE

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Indian retail asset securitization market rated volumes have decreased marginally by around 6 per cent to Rs 283 billion in the year 2013-14 as against Rs 303 billion in FY13, reveals a report released by Care Rating, one of India's premier rating agency.

In FY14, although there was greater clarity with the introduction of a new tax regime in Union Budget, the market started moving towards 'directassignment' route due to a combination of factors making it an attractive proposition for both the originators as well as the investors, highlighted the report.

The agency further said that demand for priority sector loans continued to be the driving force of the retail asset securitization market in India, but the recent RBI circular may reduce demandfor priority sector assets going forward.

Story first published: Tuesday, June 24, 2014, 23:00 [IST]
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