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Dear Sir,
The Reserve Bank of India, as part of the Framework for Revitalising Distressed
Assets in the Economy, had amended certain guidelines relating to sale of non-
performing assets (NPAs) by banks to Securitisation Companies (SCs)/
Reconstruction Companies (RCs) (created under the Securitisation and
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002)
vide circular dated February 26, 2014.
Yours faithfully,
बैंककिं ग वर्नियमि वर्भाग, केन्द्रीय कायावलय, 12र्ीिं मिंज़िल, शहीद भगत स हिं मागव, मिंबई – 400001
Department of Banking Regulation, Central Office, 12th Floor, Shahid Bhagat Singh Marg, Mumbai - 400001
Tel No: 22661602 Fax No: 22705691 Email ID: cgmicdbr@rbi.org.in
हहिंदी आ ाि हैं, इ का प्रयोग बड़ाइए
Annex
Guidelines on Sale of Stressed Assets by Banks
In terms of extant instructions of the Reserve Bank, the board of banks shall lay
down detailed policies and guidelines on sale of their stressed assets to
Securitisation Companies (SCs)/Reconstruction Companies (RCs). The policy, inter
alia, shall cover the following aspects:
बैंककिं ग वर्नियमि वर्भाग, केन्द्रीय कायावलय, 12र्ीिं मिंज़िल, शहीद भगत स हिं मागव, मिंबई – 400001
Department of Banking Regulation, Central Office, 12th Floor, Shahid Bhagat Singh Marg, Mumbai - 400001
Tel No: 22661602 Fax No: 22705691 Email ID: cgmicdbr@rbi.org.in
हहिंदी आ ाि हैं, इ का प्रयोग बड़ाइए
2
3. Banks shall review the efficacy of their extant policies on sale of NPAs, with focus
on valuation of stressed assets, and rework their policies by appropriately adopting
the above principles.