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Global Banks Drive India Asset-Backed Securities Sales to Record

Global Banks Drive India Asset-Backed Securities Sales to Record
Bloomberg Markets Monday 22 June 2026, 04:34 UTC By Saikat Das, Divya Patil 1 min read
Key Points

Global Banks Drive India Asset-Backed Securities Sales to Record India’s asset-backed securities market has surged to a record as global banks ramp up purchases to gain exposure to one of the world’s fastest-growing major economies. Foreign banks’ share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years, according to Krishnan Sitaraman, chief ratings officer at Crisil Ratings. Based on the total asset-backed debt sales of...

Global Banks Drive India Asset-Backed Securities Sales to Record India’s asset-backed securities market has surged to a record as global banks ramp up purchases to gain exposure to one of the world’s fastest-growing major economies. Foreign banks’ share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years, according to Krishnan Sitaraman, chief ratings officer at Crisil Ratings. Based on the total asset-backed debt sales of 1.53 trillion rupees ($16 billion) in the year ended March, that translates into roughly $5.6 billion of purchases by overseas lenders.
Global Banks Drive India Asset-Backed Securities Sales (ORG) India (LOCATION) Krishnan Sitaraman (PERSON) Crisil Ratings (ORG)
Originally published by Bloomberg Markets Read original →

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