CARE : Retail Asset Securitization market in FY14

CARE Ratings has published a report on ‘Retail Asset Securitization Market in FY14’.
Indian retail asset securitization market rated volumes have decreased marginally by around 6% to Rs. 283 bn in FY14 as against Rs. 303 bn in FY13. In FY14, although there was greater clarity with the introduction of a new tax regime in Union Budget, the market started moving towards ‘direct assignment’ route due to a combination of factors making it an attractive proposition for both the originators as well as the investors.
RBI issued guidelines on reset for credit enhancement (CE) for Securitization transactions. It will provide capital relief for the originators by the partial release of CE.
The RBI circular for change in treatment of Rural Infrastructure Development Fund (RIDF) and certain other funds under priority sector guidelines has come as a relief for banks, but this could to have a negative impact on new securitisation issuances going forward

 

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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