HFCs

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NBFCs allowed now to use SARFAESI Act to recover dues

Photograph Courtesy: Photopin.com / Creative Commons Sitaraman Swaminathan NBFCs now have recourse to defaulters through SARFAESI Budget 2015 brings fresh tidings. We are talking of only one issue here, that has been clearly addressed by Mr.Arun Jaitley, in his first full budget. And that is letting Non-Banking Finance Companies (NBFCs) reach out to defaulters through […]

Why is RBI not supportive of giving SARFAESI to all HFCs

Why is RBI not supportive of giving SARFAESI to all HFCs

Why is the Reserve Bank of India, not supportive of giving the benefit of SARFAESI to ALL HFCs? The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI) Act, was instituted in the year 2002. One of the key purposes of the Act was to give more teeth to specified categories […]