Intellectual Property Rights: Practice and Drafting by Adv Gautam Matani. Register Now!
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(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?
Raj Kumar Makkad (Expert) 23 April 2020
Go through the following circular of RBI and get the desired information:
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.
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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