The Reserve Bank of India had issued a notification dated November 29, 2018 for ‘Relaxation on the guidelines to NBFCs on securitisation transactions’. As per the said notification, the minimum holding period requirement for originating non-banking financial companies, in respect of loans of original maturity above 5 (five) years, was relaxed to receipt of repayment of 6 (six) monthly instalments or 2 (two) quarterly instalments (as applicable), subject to certain conditions. Such dispensation was made applicable to securitisation/ assignment transactions carried out during a period of 6 (six) months from the date of issuance of the said notification.
Vide notification dated May 29, 2019, the Reserve Bank of India has extended such dispensation till December 31, 2019.
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