'Securitisation guidelines on Thursday'
Reserve Bank of India will issue guidelines on securitisation of standard assets on Thursday.
By PTI |
MUMBAI: Reserve Bank of India will issue guidelines on securitisation of standard assets on Thursday.
The draft guidelines were issued by the apex bank in April, 2005.
"The final guidelines on securitisation will be released on Thursday," RBI deputy governor V Leeladhar said.
With regards to the penalty imposed last week on banks for breach of prudent banking practices and facilitating misuse of Initial Public Offer (IPO) finance to ineligible borrowers, he said the penalty is itself a loss of reputation for banks.
Indian banks are moving in right direction on meeting Basel II norms, he added.
RBI had imposed penalties on seven commercial banks including Bharat Overseas Bank Ltd, Citi Bank, HDFC Bank Ltd, ICICI Bank Ltd, Indian Overseas Bank, Standard Chartered Bank and Vijaya Bank on January 23, 2005.
The draft guidelines were issued by the apex bank in April, 2005.
"The final guidelines on securitisation will be released on Thursday," RBI deputy governor V Leeladhar said.
With regards to the penalty imposed last week on banks for breach of prudent banking practices and facilitating misuse of Initial Public Offer (IPO) finance to ineligible borrowers, he said the penalty is itself a loss of reputation for banks.
Indian banks are moving in right direction on meeting Basel II norms, he added.
RBI had imposed penalties on seven commercial banks including Bharat Overseas Bank Ltd, Citi Bank, HDFC Bank Ltd, ICICI Bank Ltd, Indian Overseas Bank, Standard Chartered Bank and Vijaya Bank on January 23, 2005.
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