It is reported that the Indian Securitisation market which reached a high of ₹ 63,730 crore by March 2008 dwindled down to ₹ 28,800 crore in by March 2014. 22. The micro finance companies play a larger role mainly due to their PSL underlying pools. Another positive development witnessed in recent years is the preference for multiple tranche products as against single tranche structures.
I wish to particularly welcome and thank Governor Francois Kanimba of the Banque Nationale du Rwanda and Vice Governor Leonard Sentore of the Banque Nationale du Burundi, and their respective delegates, who are attending this meeting for the first time. Ladies and gentlemen, To begin with, let me say that I am greatly honoured to attend and chair this meeting for the first time.