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Banks’ have to dispose of “specified non-financial assets” acquired from a borrower within 7 years: RBI
RBI mandates banks to dispose of specified non-financial assets acquired from borrowers within seven years to enhance asset resolution.
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economictimes.indiatimes.com
RBI bars banks, NBFCs from selling acquired stressed assets back to defaulting borrowers, related parties
New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs…
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thehindubusinessline.com
Banks’ have to dispose of “specified non-financial assets” acquired from a borrower within 7 years: RBI
RBI mandates banks to dispose of specified non-financial assets acquired from borrowers within seven years to enhance asset resolution.