A- A A+
Last Updated : Sep 16 2019 11:09PM     Screen Reader Access
News Highlights
India condemns drone attacks on oil facilities in Saudi Arabia            SC asks Centre, J&K administration to restore normalcy in Valley            Centre to give support of Rs 8,500 crore to ECGC: Piyush Goyal            India, Slovenia sign seven agreements and MoUs in various fields            Railways enter quarts of Senior Women’s National Football C'ship           

Business News

Sep 04, 2019
8:18AM

RBI task force calls for central corporate loan contract registry

@RBI
Reserve Bank-constituted task-force on developing a vibrant secondary market for corporate loans has called for setting up a central loan contract registry to remove information asymmetries between buyers and sellers. The six-member task force, headed by Canara Bank chairman TN Manoharan, was formed to examine the scope for developing a secondary market for corporate loans and make recommendations to facilitate rapid development of such a vibrant market. 

The task force submitted the report to Governor Shaktikanta Das yesterday. It has called for creating a loan contract registry to remove information asymmetries between buyers and sellers, its ownership structure and related protocols such as standardization of loan information, independent validation and data access. It also suggests creation of a self-regulatory body of the participants that can finalise detailed operational modalities of such a secondary market, including standardization of the documentation process.

The report also recommends setting up of an online loan sales platform to conduct auctions/sale process of secondary market loans.

   Related News

Live Twitter Feed

Listen News

Morning News 16 (Sep) Midday News 16 (Sep) News at Nine 16 (Sep) Hourly 16 (Sep) (2300hrs)
समाचार प्रभात 16 (Sep) दोपहर समाचार 16 (Sep) समाचार संध्या 16 (Sep) प्रति घंटा समाचार 16 (Sep) (2305hrs)
Khabarnama (Mor) 16 (Sep) Khabrein(Day) 15 (Sep) Khabrein(Eve) 15 (Sep)
Aaj Savere 16 (Sep) Parikrama 16 (Sep)

Listen Programs

Market Mantra 16 (Sep) Samayki 16 (Sep) Sports Scan 16 (Sep) Spotlight/News Analysis 16 (Sep) Samachar Darshan 15 (Sep) Radio Newsreel 16 (Sep)
    Public Speak

    Country wide 5 (Sep) Surkhiyon Mein 5 (Sep) Charcha Ka Vishai Ha 11 (Sep) Vaad-Samvaad 3 (Sep) Money Talk 3 (Sep) Current Affairs 13 (Sep)