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As RBI seeks to ease loan securitisation, volumes set to shrink this year

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MUMBAI : India’s securitisation market that exploded in FY19 and held up in FY20 in terms of volume will find the going tough this year.Transactions are expected to be fewer, even as, for cash-starved non-bank finance companies (NBFCs), securitisation remains the easiest route to conserve capital by offloading loans.

The key reason has been the element of moratorium introduced by the Reserve Bank of India (RBI).Buyers of securitised loan bundles now have no way to determine how healthy the underlying loans are given that most of them would enjoy a six-month holiday on repayments.

This means that wary banks are avoiding purchases of such loan bundles. Ergo, in FY21, securitisation volume is expected to drop at least 30%, according to.

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WEST PHILADELPHIA - Police are searching for a 12-year-old girl from West Philadelphia who went missing on Thursday morning.Authorities say Natalie Devalle was last seen on the 4800 block of Parkside Avenue around 8 a.m. She is described as 5-foot-3, 115 pounds with brown eyes and black hair.Police did not report what Devalle was last seen wearing.Anyone with any information on Natalie’s whereabouts is asked to contact Southwest Detective Division at 215-686-3183 or 911.___For the latest local news, sports and weather, download the FOX 29 News app.AdvertisementDOWNLOAD: FOX 29 NEWS APP
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