prasad1
Active member
HomeBusiness
BUSINESS
 "Latest News")
Varsha Agarwal
Updated : May 06, 2026, 03:01 PM IST
 "RBI Tightens Asset Seizure Rules: Banks can’t delay sale of defaulters’ property| Explained")
If you take a loan and default, banks can legally seize your property as collateral. Many banks hold on to these seized houses, land, or factories for years without selling them. The RBI’s new draft guidelines requires banks to sell these seized assets within 7 years of taking possession. They can’t keep them on the books forever. https://www.dnaindia.com/business/r...sale-of-defaulters-property-explained-3209277
BUSINESS
RBI Tightens Asset Seizure Rules: Banks can’t delay sale of defaulters’ property| Explained
The RBI plans to tighten how banks handle assets seized during loan recovery and reduce NPAs. Details here
Varsha Agarwal
Updated : May 06, 2026, 03:01 PM IST
If you take a loan and default, banks can legally seize your property as collateral. Many banks hold on to these seized houses, land, or factories for years without selling them. The RBI’s new draft guidelines requires banks to sell these seized assets within 7 years of taking possession. They can’t keep them on the books forever. https://www.dnaindia.com/business/r...sale-of-defaulters-property-explained-3209277
