Wednesday, August 22, 2012

RBI tightens norms for securitisation of loans by NBFCs

....Giving details of the guidelines, the RBI said a loan upto two years can be securitised only after payment of three monthly instalments by the borrower. The limit for loans between two and five years is six monthly instalments and above five years, 12 monthly instalments. With regard to minimum retention requirement (MRR) for securitisation, ......

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