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Note ban shrinks securitisation in MFI by 79per cent in H2 of FY17

The effect of demonetisation on microfinance securitisation volumes has generated a slump of 79 per cent within the half this is certainly last of. "The decrease is to the tune of 79 per cent as soon as you go through the half this is certainly last the FY17' at Rs 1,650 crore compared to Rs 8,000 crore to the half a year connected with year this is certainly previous" ICRA Head-Structured Finance, Vibhor Mittal told PTI.

However, as per ICRA estimates only around Rs 1,650 crore was raised once you appear at the half that is second to the fiscal, resulting in total securitisation volumes of approximately Rs 7,150 crore for the whole year this is certainly full.In comparison, MFI securitisation volumes had increased by 80 per cent to around Rs 9,000 crore in financial 2016. Source - www.techmanos.com

"The dip in micro loan securitisation volumes is mainly because of impact concerning the demonetisation event about the profile on most MFIs," Mittal said.

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