RBI TIGHTENS SECURITISATION RULES
The Reserve Bank of India (RBI) has revised guidelines on securitisation, wherein it has proposed
that the seller of the loan should at least hold the loan in its books for one year and retain a minimum 10 percent of the securitised amount if the loan is with original maturity of two years or more. The revised draft guidelines also says that if the loan is for up to two years, the originator should hold the loan in its books for at least nine months and it should subscribe to at least 5 percent of the securitised amount.
that the seller of the loan should at least hold the loan in its books for one year and retain a minimum 10 percent of the securitised amount if the loan is with original maturity of two years or more. The revised draft guidelines also says that if the loan is for up to two years, the originator should hold the loan in its books for at least nine months and it should subscribe to at least 5 percent of the securitised amount.
0 comments:
Post a Comment