As per the provisions of the SARFAESI Act, if the borrower fails to comply with the notice, the Bank may:
1. Take possession of the security for the loan 2. Sale or lease or assign the right over the security 3. Manage the same or appoint any person to manage the same The SARFAESI Act also provides for that establishment of Asset Reconstruction Companies (ARCs) regulated by RBI to acquire assets from banks and financial institutions. The Act provides for sale of financial assets by banks and financial institutions to asset reconstruction companies (ARCs).
What is the minimum net owned fun specified for NBFCs with no customer interface and no public deposits
What is the minimum net owned fund requirement from NBFC to be eligible to issue credit cards?
What is the minimum subscription per borrowers for IPOs under new Scale based regulations of NBFCs
How much tier 1 common equity needs to be maintained by NBFCs (Upper Layer)
What is the asset size for Non-Deposit taking NBFCs for categorization in Middle layer?
Scheduled Commercial Banks (SCBs) are permitted to undertake credit card business either independently or in tie-up arrangement with other card-issuing...
What is the wrong statement about NBFCs?
NBFCs – Middle Layer and NBFCs - Upper Layer with ………………….. and more ’Fixed point service delivery units shall be mandatorily require...
In how many days categorization of NPAs is required for NBFCs under the new guidelines for them
Banks can provide Finance to certain NBFCs as per the restrictions provided by RBI, So according to those regulations Banks’ exposures to a single NB...