Norms For Loan Securitization by NBFCs

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..... Norms For Loan Securitization by NBFCs
News and Press Release
Dated:- 29-11-2012

Press Information Bureau Government of India Ministry of Finance 29-November-2012 17:43 IST RBI has i .....

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..... nformed that to prevent unhealthy practices surrounding securitization and assignment of loans and to allow for redistribution of credit risk to a wide spectrum of institutions, it has issued revised .....

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..... guidelines on 'securitization transactions' on August 21, 2012 which inter-alia provide the following: I) Mandatory retention of a portion of each Securitization by the originator to ensure more effe .....

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..... ctive screening of loans; II) Minimum period of retention of loans prior to Securitization to give comfort to investors regarding due-diligence exercised by the originator; III) Stipulations regardi .....

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..... ng transfer of standard assets through final assignment of cash flows and the underlying securities and IV) Disclosure Norms. RBI has placed the detailed guideline in public domain on its website ww .....

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..... w.rbi.org.in. This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today. * * * DSM/RS/bs
News - Press release - PIB .....

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