RBI Update – Display of information – Secured assets possessed under the SARFAESI Act, 2002

It has been decided that the Regulated Entities (REs) of the Reserve Bank which are secured creditors as per the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, shall display information in respect of the borrowers whose secured assets have been taken into possession by the REs under the Act.

REs shall upload this information on their website in the format given below 

Sl. NoBranch NameStateBorrower NameGuarantor Name
(wherever applicable)
Registered address of the BorrowerRegistered address of the Guarantor
(wherever applicable)
Outstanding amount
(in ₹)
Asset ClassificationDate of Asset classificationDetails of security possessedName of the Title holder of the security possessed
            
 

Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12539&Mode=0

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these

Skip to content