Securitisation in India

Abstract

Securitisation as a financial instrument has been in existence in India from the early 1990s. Despite being in existence for over two decades securitisation market in India continues to be in its nascent stages. The securitisation market in India has had several regulatory and taxation concerns in the past which have impacted the securitisation volumes and have had lesser impact from external shocks or opportunities. It has been observed that securitisation in India is in several ways very different from the rest of the economies. By means of this paper, the aspect of securitisation in India is described.