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Finance

NBFC-MFIs raises Rs 26,000 crore through securitisation in FY19

Updated : April 16, 2019 11:27 AM IST

NBFC-MFIs faced tight liquidity condition in FY19 following a series of default by Infrastructure Leasing and Finance Services (IL&FS).
Their reliance on the securitisation route to raise funds increased to meet their growth targets in FY19, according to a report by rating agency Icra.
Investors were also comfortable buying retail loan portfolios originated by these entities as opposed to taking direct on-balance sheet credit exposure, especially for small and medium-sized entities.
NBFC-MFIs raises Rs 26,000 crore through securitisation in FY19
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