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Wednesday, November 13, 2019

Three months after govt’s guarantee scheme, NBFCs still awaiting funds

Lack of clarity on whether to treat the transactions between the banks and NBFCs as ‘securitisation’ deals or as ‘pass-through certificates’ (PTC) is also impeding any movement, given that these have accounting implications. While ‘securitisation’ allows the entire profit to be booked upfront, in a PTC the profits must be booked over the tenor of the loan.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NFu58a

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