purchase/sale of Non-Performing Assets – RBI issues draft guidelines
RBI has decided to further increase the options available to banks With a view to offer an additional avenue for effectively addressing their non performing assets and accordingly draft guidelines on sale / purchase of non performing assets have been formulated. The guidelines have been formulated with a view to develop a healthy secondary market for non performing assets, where securitisation companies and reconstruction companies are not involved.
DBOD.NO.BP. 1598 / 21.04.048/ 2004-05 Dated : 12 April 2005