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Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra report

Report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space

Press Trust of India  |  Mumbai 

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers. "The access to the Sarfaesi Act will strengthen NBFCs' ability to contain life-time losses," the rating agency said in a weekend note after the finance ministry decided recently to extend the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act 2002 to non-banking financial ...

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Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra report

Report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space

Report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers. "The access to the Sarfaesi Act will strengthen NBFCs' ability to contain life-time losses," the rating agency said in a weekend note after the finance ministry decided recently to extend the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act 2002 to non-banking financial ... image
Business Standard
177 22

Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra report

Report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers. "The access to the Sarfaesi Act will strengthen NBFCs' ability to contain life-time losses," the rating agency said in a weekend note after the finance ministry decided recently to extend the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act 2002 to non-banking financial ...

image
Business Standard
177 22