Mumbai: The Reserve Bank of India (RBI) has extended, for another six months, existing relaxations for securitization of assets by non-banking financial companies (NBFCs). The relaxation was originally given for six months till May 2019. The central bank then extended this relaxation till 31 December, 2019. “On a review, it has been decided to extend the relaxation provided therein till 30 June, 2020," said RBI. The minimum holding period is the duration for which an NBFC is required to hold the loans on its book before selling them.

Source: Mint January 01, 2020 10:41 UTC