Advanced International Journal for Research

E-ISSN: 3048-7641   •   Impact Factor: 9.11

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 4 (July-August 2026) Submit your research before last 3 days of August to publish your research paper in the issue of July-August.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 7 Issue 4
July-August 2026

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar Wiki for Call for Papers WorldCat Zenodo

Digitisation's Role in Propelling the Indian Retail Standard Assets Direct Assignment and Securitisation Market

Author(s) Mr. Ankush Rajan Andhare, Dr. Pradip Thombare
Country India
Abstract The Indian retail standard asset direct assignment and securitization market (DASM) has witnessed many ups and downs over the past ten years. With a decent volume of approx. ₹ 43 thousand crore in FY2015, the DASM market grew to ₹268 thousand crore by FY2025. However, this journey experienced two notable setbacks, viz. the IL&FS crisis in 2018 and COVID-induced disruptions in 2020–21. Each of these events caused a visible decline in DASM volume. Nonetheless, the market not only recouped lost ground but also scaled new heights. The current research paper attempts to seek an answer to the most contextually important question as to what propels DASM volume to new heights once the crisis period ebbs. In the quest to find answer, we analysed annual DASM volume with a few digital indicators such as internet penetration, UPI statistics, GSTN data, DPI, and FII, and constructed a normalized Digital Adoption Index (DAI). The DAI increased gradually during the review period, mimicking the DASM growth trajectory. Notably, each one-point DAI increase results in ₹1.60 thousand crore increase in additional annual origination. In a nutshell, the findings emanating from the research underscore the unintended positive consequences of digitisation vis-à-vis DASM volume.
Keywords Securitisation; Direct Assignment; Digital Adoption Index; Retail Credit; Microfinance; UPI; Account Aggregator; India; Structured Finance.
Field Sociology > Banking / Finance
Published In Volume 7, Issue 4, July-August 2026
Published On 2026-07-20
View / Download PDF File

Share this



E-ISSN 3048-7641
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

AIJFR DOI prefix is
10.63363/aijfr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 7 Isu 4Cover Page Vol 7 Isu 3Cover Page Vol 7 Isu 2

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About AIJFR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-79-39-59 editor@aijfr.com