Banks in India have achieved international standards in respect of prudential norms, including capital adequacy, levels of NPLs and are poised to adopt Basel-II norms for risk management. In the process of managing a bank prudently and efficiently balancing the compliance with all international standards, there are some tools such as securitisation of assets, freedom to fix interest rates and rights of foreclosure which need to be made available to banks to facilitate compliance with regulatory requirements. While the Reserve Bank of India has provided such environment in the matter of...
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