One of the reasons for a dip in the average recovery rate is due to the fact that substantial part of the assets under management of SCs / RCs is acquired recently. Further, a wide variation in recovery rates among SCs / RCs is also observed for the same reason. 20.
An analysis of investor class in security receipts (SRs) does not depict any divergence. It is observed that seller banks / FIs have been subscribing majority of SRs. On an average seller banks / FIs have been subscribing 74 per cent of total SRs issued during the period March 2010 to March 2015.