Rating agency Crisil in its latest report has said that securitisation deals in India increased 9 per cent to hit the highest level of Rs 2.55 lakh crore in FY26. The January-March 2026 quarter (Q4 FY26) alone saw notable 20 per cent year-on-year surge in activity to take the overall transactions to Rs 65,000 crore. 

According to the report, this record-breaking performance was largely propelled by non-banking financial companies (NBFCs), which experienced a 30 per cent year-on-year increase in originations. In contrast, banks' contributions declined significantly, falling to only 3 per cent of the total value in FY26 as compared to 26 per cent in the previous fiscal year.   

It further said the overall securitisation market remains concentrated, with the top originators accounting for the majority share, although there has been some broad-based activity of late. The total number of originators increased from 175 in FY25 to over 190 in FY26, and the share of the top 20 originators fell from 71 per cent in FY25 to 65 per cent in FY26.