Mumbai, April 8 Securitization deals grew by 9 per cent to a record high of ₹2.55 lakh crore in 2025-26, a report said on Wednesday.
The January-March quarter alone witnessed a 20 per cent year-on-year increase in activity, taking overall transactions to ₹65,000 crore, according to a report by Crisil Ratings.
The surge was driven by significant growth in originations by non-banking financial companies (NBFCs), which saw a 30 per cent year-on-year increase in value, the report added, noting that bank originations were subdued and accounted for only 3 per cent of the total value in FY26, compared to 26 per cent in the previous fiscal.
The overall securitization market remains concentrated, with the top originators accounting for the majority share, although there has been some broad-based activity recently.
The total number of originators increased to over 190 in fiscal 2026 from 175 in fiscal 2025, and the share of the top 20 originators dipped to 65 per cent from 71 per cent, it said.
"Increased NBFC activity reinforces the attractiveness of securitization as a strong alternative fundraising tool, especially for mid-sized players," said its director, Aparna Kirubakaran.