Guide to upgraded version of CERSAI 2.0

CERSAI 2.0 is an upgraded version of the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) platform, designed to enhance the efficiency and accessibility of the registry. It offers features like online application submission, real-time tracking of requests, and an improved user experience. This upgrade aims to prevent fraudulent transactions involving…

CERSAI Rules make mandatory registration of charges of every kind

CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest) registration is mandatory for all types of security interests created on assets, including mortgages, securitization, and asset reconstruction. This includes loans secured by properties or other assets. The registration must be done by the lender within 30 days of creating the security interest.Section 17 to…

RBI’s Revised Framework on Lending Against Gold and Silver Collateral: Implications for Borrowers

The Reserve Bank of India (RBI), vide its circular dated June 6, 2025, has issued a comprehensive and harmonized set of guidelines for lending against gold and silver collateral, applicable to all Regulated Entities (REs). These directions aim to address macroprudential concerns and harmonize prudential and conduct norms across lending institutions. The new framework shall…

DFS advises banks to invoke personal guarantees and initiate IBC proceedings against the guarantors whenever possible

According to the sources with direct knowledge of the matter, the Department of Financial Services (DFS) has written a letter to Chairmen and heads of the banks on August 26, asking them to consider setting up of an IT system to collate such data, The IBC code amendment 2019 allows creditor to permits file insolvency…

What is securitisation?

The ‘Securitisation’ is a two-stage process in which pool of assets are structured or packaged and sold by an originator(Banks and financial institutions)  to a bankruptcy remote* special purpose vehicle (SPV). In the first stage there is sale of single asset or pooling and sale of pool of assets to a SPV in return for…

Guidelines for Ethical Engagement of Direct Recovery Agents by Banks and Financial Institutions

IntroductionThe engagement of direct recovery agents by banks and financial institutions necessitates a careful balance between effective debt recovery and the protection of borrowers’ rights. To ensure that recovery practices remain fair, transparent, and respectful, institutions must adhere to regulatory guidelines and ethical standards. Key Considerations in Engaging Recovery Agents 1. Due Diligence Prior to…

Understanding Credit Monitoring and Loan Monitoring in banks

[This article provides guidelines specifying the internal governance arrangements for granting and monitoring of credit facilities throughout their lifecycle.] Credit monitoring and loan monitoring, while related, have distinct focuses. Credit monitoring focuses on a borrower’s overall creditworthiness and financial health, tracking changes to their credit report, score, and potential fraud. Loan monitoring, on the other…