RBI issues master circular on transfer of NPAs, securitisation of standard assets
The Hindu
It has made it mandatory for lenders to put in place a comprehensive board-approved policy for transfer and acquisition of loan exposures under these guidelines.
The RBI has effected major changes to the norms governing the transfer of bad loans and standard assets by lenders.
On Friday, the central bank issued Master Circulars on ‘Transfer of Loan Exposure’ and ‘Securitisation of Standard Assets’ to bring in transparency in the process and to improve liquidity in the system, besides corporate governance.
It has made it mandatory for lenders to put in place a comprehensive board-approved policy for transfer and acquisition of loan exposures under these guidelines.
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