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RBI releases the Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021


Based on the examination of the comments received, the Reserve Bank of India (RBI) has released the Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021.


These directions have been issued to All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks); All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks; All All-India Financial Institutions; All Non-Banking Financial Companies (including Housing Finance Companies) in the exercise of the powers conferred by the Sections 21 and 35A of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949; Chapter IIIB of the Reserve Bank of India Act, 1934; and Sections 30A, 32 and 33 of the National Housing Bank Act, 1987.


These directions come into immediate effect replacing the existing instructions on the matter of sale/transfer of loan exposures. The RBI advised all lending institutions are to take the necessary steps to ensure compliance with these directions.


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