Securitization

Shobhit Jain (Querist) 23 April 2020 This query is : Resolved

Are there any investment restrictions put up by RBI on sale of loan portfolio by means of securitization to a foreign investor?

For eg. Bank A (Indian Bank) sales its loan portfolio to Investor B (based in USA) whether such transactions are covered under external commercial borrowings or any other restrictions put up by RBI for raising foreign currency fund?

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Raj Kumar Makkad (Expert) 23 April 2020
Go through the following circular of RBI and get the desired information:

https://m.rbi.org.in/Scripts/BS_ViewMasCirculardetails.aspx?id=9902

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Rajendra K Goyal (Expert) 25 April 2020
Please refer RBI/DNBR/2016-17/45 Master Direction DNBR.PD.008/03.10.119/2016-17 updated upto 17.02.2020 specifically annexure XXII with master circular on RBI Prudential Norms.
Forex guidelines has to be followed in such transaction.

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Raj Kumar Makkad (Expert) 25 April 2020
Your silence over the response is indicative that either you are not interested to have replies or your purpose stands achived?

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