A growth of approximately 10% was recorded in H1 FY2026, primarily driven by large NBFCs undertaking high-value transactions, along with participation from non-financial entities in substantial amount.  PTCs constituted approximately 67% of the total securitisation volume during H1 FY2026, primarily driven by the corporate deals. Upon adjusting for these transactions, the share of PTCs stood at 60%, thereby sustaining the trend that is seen since FY2024.

Exhibit: Securitisation market volume (PTC & DA)

Source: ICRA Research