There was gradual ease in lockdowns in June across most geographies and gradual improvement in collection efficiencies of NBFCs. Another factor that supported the volumes was that unlike Q1 FY2021, when the microfinance sector was almost absent from the securitisation market, the segment has been able to restrict the decline in collections.source https://economictimes.indiatimes.com/industry/banking/finance/securitisation-volumes-for-nbfcs-hfcs-surged-to-rs-17500-crore-in-q1-fy22-icra/articleshow/84264787.cms
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