 Mumbai:
The Reserve Bank of India (RBI) has announced that
any securitisation and reconstruction company applying
for the RBI’s registration should have a minimum-owned
fund of Rs 2 crore.
The
RBI said it would shortly notify final guidelines and
directions. The central bank has also notified the format
of the application form to be submitted by the securitisation
and reconstruction company.
These
companies are required to apply to the RBI for registration
under Section 3 of the Securitisation and Reconstruction
of Financial Assets and Enforcement of Security Interest
Act, 2002. The application form can be accessed on the
RBI’s website .
also see : www.rbi.org.in
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