News for 'SNFA'

RBI caps holding period for immovable assets at 7 years, bars sale to borrowers

RBI caps holding period for immovable assets at 7 years, bars sale to borrowers

Rediff.com17 Jul 2026

The Reserve Bank of India (RBI) has mandated that banks must dispose of immovable assets acquired against bad loans within seven years through public auction, effective October 1, 2026, and has also barred their sale back to the original borrower or related parties.