Guidelines on Sale of Financial Assets to Securitisation Company / Reconstruction Company

RBI/2014–15/508 DBR.No.BP.BC.78/21.04.048/2014–15

March 20, 2015

Please refer to para­graph 6 of the cir­cu­lar DBOD.BP.BC.No.96/21.04.048/2002–03 dat­ed April 23, 2003, where­in dis­clo­sure require­ments relat­ing to sale of non-per­form­ing assets (NPAs) to Secu­ri­ti­sa­tion Companies(SCs)/Reconstruction Companies(RCs)  have been specified.

2. In this con­nec­tion, to enhance trans­paren­cy, it has been decid­ed that in addi­tion to the dis­clo­sure require­ments quot­ed in the above para­graph, banks shall make the fol­low­ing dis­clo­sures in the Notes to Accounts in their Annu­al Finan­cial Statements:

(In Rs. Crore)
Par­tic­u­lars Backed by NPAs sold by the bank as underlying Backed by NPAs sold by oth­er banks/ finan­cial institutions/ non-bank­ing finan­cial  com­pa­nies as underlying Total
Pre­vi­ous Year Cur­rent Year Pre­vi­ous Year Cur­rent Year Pre­vi­ous Year Cur­rent Year
Book val­ue of invest­ments in secu­ri­ty receipts

Yours faith­ful­ly,

(Sudar­shan Sen)
Chief Gen­er­al Manager-in-Charge

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