Securitization volumes dropped by half in the fiscal year gone by, below the Rs 1 lakh crore mark, down from Rs 1.9 lakh crore clocked in each of the previous two fiscals, a Crisil report said. The March quarter remained a saving grace, which witnessed securitization transactions amounting to Rs 40,000 crores to become the highest-grossing quarter for the fiscal.

Over 100 entities securitized assets during the fiscal, with more than 15 entering the market for the first time, the rating agency said. Private and public sector banks invested in more than two-thirds of securitization issuances, while foreign banks invested in jerky 10 per cent, the report states. Mutual funds, insurance companies, NBFCs, and high-net-worth individuals (HNIs) accounted for the bulk of the rest.