C/F/98. Distinct features of securitization in India

This paper is dedicated to the analysis of a securitization process in India. It goes without saying that securitization has played an important role in improving liquidity and increasing the number of debt instruments in the Western capital markets. In recent years securitization has started to spread to developing countries as well. India, as one of the largest countries in the world, presents an interesting case study of securitization implementation. The author thoroughly investigates how securitization is defined, what the key process and rationale are, and what the peculiarities of the financial structure are pronounced in India. Besides, substantial attention is paid to benefits and threats of securitization as well as to the most common securitization risks in India. Finally, legal structure and regulatory constraints are scrutinized. This paper would be a valuable source of knowledge for those who study practical aspects of securitization in developing countries.