In FY24, Mumbai's securitisation volume growth slowed to 4% at Rs 1.88 lakh crore due to the HDFC twins merger. Icra predicts FY25 volume to exceed Rs 2 lakh crore. Co-lending by NBFCs and HFCs could challenge growth. PTCs made up 57% of the market. Vehicle loans dominate PTC issuances. Other loans, like small business and personal loans, are increasing participation. Non-financial entities are also entering the securitisation market.
