RBI : Display of information – Secured assets possessed under the SARFAESI Act, 2002

Reserve Bank Of India

RBI/2023-24/63

DoR.FIN.REC.41/20.16.003/2023-24    September 25, 2023

All Commercial Banks including Small Finance Banks, Local Area Banks and Regional

Rural Banks and excluding Payment Banks

All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Cooperative Banks

All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NaBFID)

All Non-Banking Financial Companies including Housing Finance Companies

All Asset Reconstruction Companies

Dear Sir/ Madam

Display of information – Secured assets possessed under the SARFAESI Act, 2002

As a part of the move towards greater transparency, it has been decided that the Regulated Entities (REs) of the Reserve Bank which are secured creditors as per the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, shall display information in respect of the borrowers whose secured assets have been taken into possession by the REs under the Act.

2. REs shall upload this information on their website in the format as prescribed in the Annex. The first such list shall be displayed on the website of REs within six (6) months from the date of this circular, and the list shall be updated on monthly basis.

Yours faithfully,

(J.P. Sharma)

Chief General Manager

Encl: Annex

Information on secured assets possessed under the SARFAESI Act, 2002

Annex