Personal loan securitization
Hmm…Securitization has gathered far more momentum in India than I had originally thought. Home loan mortgages I realized yesterday have already been securitized a fair bit, now personal loans as well. And personal loans are almost zero collateral. Oh well!
Either the banks have fully bought into the India Shining campaign, or they don’t believe it at all.
Would be interesting to study the systemic effects of securitization.