Volume : III, Issue : IX, September - 2013

Securitization in India: A Bumpy Ride

Ujjwal Bajaj

Abstract :

Securitization has emerged globally as an important technique for bundling assets and segregating risks into marketable securities. Securitization, an innovative invention of the 1970s from the western world, has had a bumpy ride in Indian capital markets since its inception. From first legal framework in 2002 to RBI’s draft guidelines in early 2006, from sub–prime mortgage crisis to RBI’s final guidelines of 2012, Indian securitization market has never been stable. Securitized assets include mortgages (residential as well as commercial), credit card receivables, auto loans and other forms of debt obligations and receivables. This paper will discuss several aspects of Indian securitization market, elaborating the process, discussing the fluctuating performance in response to global events and significant changes in regulations.  

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ujjwal Bajaj Securitization in India: A Bumpy Ride Indian Journal of Applied Research, Vol.III, Issue.IX September 2013

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