This is where liquidity-hit NBFCs are rushing to for funds

Due to large-scale funding requirements, several non-banking financial entities opted to raise resources through retail portfolio sell-down to banks, said an Icra report. "The advantage of securitisation transactions - especially in the current market scenario - is that the investors are not exposed to entity-level credit risk and are seen taking exposure to the underlying pool of retail borrowers to whom these entities have lent," said Vibhor Mittal, group head - structured finance, Icra.