Education loans the newest asset class in securitisation mart
In February this year, Crisil had rated the country's first personal loan/cash loan securitisation transaction in almost a decade and early this month it rated the PTCs backed by receivables from consumer durable loans. Earlier this month, Crisil also rated on the country's first education PTC by Vivriti Victor Trust originated by Avanse Financial Services.
The Rs 75,000-crore education loan market, growing at over 15 per cent on a compounded annual basis since in the past decade, has become the latest asset class for securitisation. Image source: Reuters