Overview

• NBFCs supplied 92 percent of Q1 originations, with large non-bank lenders’ issuances up 24 percent year-on-year
• Gold-loan securitisation jumped to ₹5,390 crore, or 11 percent of total volume, after regulatory curbs on a top originator were lifted
• Vehicle-loan deals held steady at a 41 percent share while mortgage-backed securitisations slipped to 21 percent and microfinance loans to 11 percent
• Direct assignments fell to 42 percent of issuance as investors gravitated toward pass-through certificates
• About 90 originators participated in Q1 deals, underlining consolidation among major NBFCs and restrained activity by smaller lenders