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The notification was issued on 25 September 2023 to:-
The notification related to the display of information-secured assets under the SERFAESI Act, 2002. To ensure 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 who secured assets have been taken into possession by the REs under the Act.
REs are mandated to upload this information on their website in the format specified below:-
The first such list shall be displayed on the REs website within six (6) months from the date of this circular, and the list shall be updated monthly.
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