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Securitised vehicle finance pools shrug off demonetisation with a ‘V’ rebound
March 17, 2017March 17, 2017by In Infrastructure Finance

Securitised vehicle finance pools shrug off demonetisation with a ‘V’ rebound

Collections in securitised pools of vehicle loan receivables rated by CRISIL saw a V-shaped recovery in January 2017 collections (payouts made in February 2017), rebounding to ~95 per cent from ~85 per cent in November, and virtually shrugging off demonetisation. On the other hand, pools backed by microfinance (MFI) receivables are under stress and being closely monitored, while those backed by home loans have remained unaffected.