Securitisation transactions doubled to Rs 31,500 crore on-year in the first quarter (Q1FY19) as deals backed by loan receivables that do not qualify for priority sector (non-PSL) rocketed\u00a0following clarity on the applicability of Goods and Services Tax (GST).<\/p>\n
Says Krishnan Sitaraman, Senior Director, CRISIL Ratings, \u201cTill now, PSL receivables had ruled the securitisation market roost. But due to a rise in transactions involving non-PSL receivables, and increase in demand for priority sector lending certificates (PSLCs), non-PSL share increased to 64% on-year in first quarter of fiscal 2019 from 40%.\u201d<\/p>\n
Mortgages continued to be the driver of non-PSL securitisation. The GST Council\u2019s clarification that securitised assets are not liable to pay tax spurred some large mortgage players to tap the securitisation market once again.<\/p>\n","protected":false},"excerpt":{"rendered":"
Securitisation transactions doubled to Rs 31,500 crore on-year in the first quarter (Q1FY19) as deals backed by loan receivables that do not qualify for priority sector (non-PSL) rocketed\u00a0following clarity on the applicability of Goods and Services Tax (GST). Says Krishnan Sitaraman, Senior Director, CRISIL Ratings, \u201cTill now, PSL receivables had ruled the securitisation market roost. […]<\/p>\n","protected":false},"author":3,"featured_media":1625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[739,1248,1249],"class_list":["post-1776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crisil","tag-goods-and-services-tax-gst","tag-non-psl-securitisation"],"aioseo_notices":[],"yoast_head":"\n