**Policy Summary:**
This circular, reference number DNBR.PD.CC. No. 10003/03.10.001/2018-19, issued by the Reserve Bank of India (RBI) on May 29, 2019, announces an extension of the relaxation on existing guidelines for Non-Banking Financial Companies (NBFCs) regarding securitization transactions. This extends the dispensation provided in circular DNBR.PD.CC.No.9503/03.10.001/2018-19 dated November 29, 2018 and will remain in effect until December 31, 2019.
The issuing department is the Department of Non-Banking Regulation, Central Office, located on the 2nd Floor, Centre I, World Trade Centre, Cuffe Parade, Colaba, Mumbai 400005, India. Contact information includes telephone number 9122 22161940, fax number 9122 22150540, and email address cgmdnbr@rbi.org.in. Inquiries should be directed to Manoranjan Mishra, Chief General Manager.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the Indian financial system.
NBFCs: Non-Banking Financial Companies, entities that provide financial services without meeting the legal definition of a bank.
Securitisation transactions: The process of pooling various types of contractual debt, such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations, and selling their related cash flows to third party investors as securities.
DNBR PD CC.No.9503.10.001201819: Reference to a specific circular issued by the Department of Non-Banking Regulation (DNBR) of the Reserve Bank of India.
November 29, 2018: Date of the circular DNBR PD CC.No.9503.10.001201819, which provided relaxation on securitization guidelines for NBFCs.
December 31, 2019: The date until which the dispensation (relaxation) on securitization guidelines for NBFCs was extended.
Manoranjan Mishra: Chief General Manager at Reserve Bank of India.
Mumbai, Maharashtra: City in India where Central Office, Department of Non-Banking Regulation, Reserve Bank of India is located.
भारतीय �रज़वर् ब�क
RESERVE BANK OF INDIA
www.rbi.org.in
RBI/2018-19/191
DNBR (PD) CC. No. 100/03.10.001/2018-19 May 29, 2019
All NBFCs
Madam/Sir,
Extension of relaxation on the guidelines to NBFCs on securitisation transactions
Please refer to the circular DNBR (PD) CC.No.95/03.10.001/2018-19 dated November 29,
2018 on “Relaxation on the guidelines to NBFCs on securitisation transactions”.
2. On a review, it has been decided to extend the dispensation provided therein till
December 31, 2019.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
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फोन: (+91-22) 22161940फैक्स:(91-22) 22150540, Email: cgmdnbrco@rbi.org.in
Department of Non-Banking Regulation, Central Office, 2nd Floor, Centre-I, World Trade Centre, Cuffe Parade, Colaba, Mumbai – 400005, India
Tel.: (+91-22) 22161940 Fax: (91-22) 22150540, Email: cgmdnbrco@rbi.org.in
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