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VOL. 3, ISSUE 1 (2021)
Securitization in India with the perspective of commercial banks
Authors
Rajas Jani
Abstract
Securitization is the method of taking an illiquid asset or collection of assets and converting it (or them) into a security through financial engineering is securitization. This process of Securitization gained some light in India in the early 1990s. The law regarding securitization was enacted in the form of “The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (SARFAESI)”. The paper talks about the role of Non-Performing Assets in banking sector. The paper talks about the link between SARFAESI Act and the commercial banks and the process of bank securitization. The paper talks about the various amendments of SARFAESI Act and some drawbacks which are faced by the Banks through this legislation.
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Pages:56-59
How to cite this article:
Rajas Jani "Securitization in India with the perspective of commercial banks ". International Journal of Law, Policy and Social Review, Vol 3, Issue 1, 2021, Pages 56-59
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