The Hindu Business Line : Part exemption to securitisation cos from RBI Act

THE Reserve Bank of India has exempted securitisation companies or reconstruction companies registered with it under the Securitisation Act 2002, from certain provisions of the Reserve Bank of India Act, 1934.

These provisions relate to compulsory registration, maintenance of liquid assets and compulsory transfer of a part of profit to reserve fund. These companies will, however, continue to be regulated by the directions issued to them under the Securitisation Act, said an RBI press release.

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