MANU/RPRL/0089/2020
Ministry : Reserve Bank of India
Department/Board : Press Releases
Press Release No. : 2019-2020/2468
Date : 08.06.2020
Notification/ Circulars Referred : Circular DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 MANU/RMIC/0065/2019 Circular DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 MANU/RMIC/0065/2019
Citing Reference:
Circular DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 MANU/RMIC/0065/2019 Referred
Draft Frameworks for Sale of Loan Exposures and Securitisation of Standard Assets
The Reserve Bank has today placed on its website two draft documents for public comments - the 'Draft Framework for Securitisation of Standard Assets' and 'the Draft Comprehensive Framework for Sale of Loan Exposures'. These guidelines are applicable to all Scheduled Commercial Banks (excluding Regional Rural Banks); All India Financial Institutions (NABARD, NHB, EXIM Bank, and SIDBI); and, all Non-Banking Financial Companies including Housing Finance Companies.
Aimed at development of a strong and robust securitisation market in India, while incentivising simpler securitisation structures, the revised guidelines attempt to align the regulatory framework with the Basel guidelines on securitisation that have come into force effective January 1, 2018. The revisions also take into account the recommendations of the
Committee on Development of Housing Finance Securitisation Market in India (Chair: Dr. Harsh Vardhan) and the
Task Force on the Development of Secondary Market for Corporate Loans (Chair: Shri T.N. Manoharan), which were set up by the Reserve Bank in May, 2019.