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RBI's Loan Transfer Guidelines Could Change Bad Loan Sales In India
Stressed asset funds may be able to directly purchase loans from banks, reducing the advantage of ARCs.
28 Sep 2021, 08:06 AM IST
A revised set of rules issued by the Reserve Bank of India on the transfer of loans between banks and non-banks could lead to a broader market for such transactions. Not only has the door been opened for direct sales of bad loans between banks and stressed asset funds, lenders can now offload loans tagged as "fraud" accounts.The changes came in as part of guidelines issued on Sept. 24.
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