Kolkata: Gold loans emerged as the largest securitised asset class in the April-June quarter of the current fiscal, overtaking vehicle loans in the country's securitisation market, a report said on Monday.
Securitisation, a process through which lenders pool loans and sell them to investors to raise funds and free up capital for fresh lending, saw issuances surge 22 per cent year-on-year to around Rs 60,000 crore in the April-June quarter, a CRISIL Ratings report said.
