sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 Shri Shaktikanta Das appointed as Governor of RBI
 Reserve Bank of India imposes monetary penalty on Indian Bank
 RBI Announces OMO Purchase of Government of India Dated Securities Dec 11, 2018
 Survey on Computer Software & Information Technology Enabled Services Exports: 2017-18 – Data Release 1
 RBI-Sources of Variation in Foreign Exchange Reserves in India during April-September 2018
 Exim Bank's Government of India supported Line of Credit of USD 500 million to the Government of the United Republic of Tanzania
 RBI-Guidelines on Loan System for Delivery of Bank Credit
 Auction of Government of India Dated Securities December 03, 2018
 Notification No. 94/2018-CUSTOMS Central Board of Indirect Taxes and Customs
 Auction for Sale (Re-issue) of Government Stock (GS) December 03, 2018
 Relaxation on the guidelines to NBFCs on securitisation transactions
 RBI-Legal Entity Identifier Code for participation in non-derivative markets
 Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines
 RBI-Relaxation on the guidelines to NBFCs on securitisation transactions
 RBI-Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit

Relaxation on the guidelines to NBFCs on securitisation transactions
December, 04th 2018

RBI/2018-19/82
DNBR (PD) CC.No.95/03.10.001/2018-19

November 29, 2018

All NBFCs

Madam/Sir,

Relaxation on the guidelines to NBFCs on securitisation transactions

Please refer to the Guidelines on Securitisation Transactions vide paragraph 102 of Master Directions on Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions dated September 01, 2016 and paragraph 89 of Non-Banking Financial Company –Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions dated September 01, 2016.

2. In order to encourage NBFCs to securitise/assign their eligible assets, it has been decided to relax the Minimum Holding Period (MHP) requirement for originating NBFCs, in respect of loans of original maturity above 5 years, to receipt of repayment of six monthly instalments or two quarterly instalments (as applicable), subject to the following prudential requirement:

Minimum Retention Requirement (MRR) for such securitisation/assignment transactions shall be 20% of the book value of the loans being securitised/20% of the cash flows from the assets assigned.

3. The above dispensation shall be applicable to securitisation/assignment transactions carried out during a period of six months from the date of issuance of this circular. Other terms and conditions of the above referred Directions remain the same.

Yours faithfully

(Manoranjan Mishra)
Chief General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions