Saturday, August 13, 2011

RBI MOVE ON ASSET SECURITIZATION PROVIDES RESPITE FOR NBFCs

The Reserve Bank of India (RBI) cleared that the assets securitised by NBFCs will be treated as priority sector lending (PSL). While NBFCs can use securitization as one of the fund raising avenues, this benefits private sector banks as well. The latter can use asset-backed securities to meet their PSL requirement.

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