India’s financial regulator RBI is exploring option for allowing securitization of NPAs and has issued a consultative paper on various issues that may arise under its operative structure.
Economic Laws Practice’s Senior Counsel Mukesh Chand has authored an article titled Securitization of Stressed Assets framework (SSAF): Discussion paper of the Reserve Bank of India (RBI). This write up takes the readers through the systems and gaps and challenges under the existing framework and various factors which would need to be addressed to make the system work efficiently.
