Page 49 - Banking Finance July 2019

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unified statement with the borrower. Any breach of co-
lending agreements with regard to information sharing of New Rental Subscription No.
(Please tick)
borrower or any other aspect of credit monitoring should
Name of Executive :
be treated similar to covenant breach and to can have
further scope of stipulating credit enhancement. Designation:
Company's Name :
Sale and Assignments of Loan by Either Address :
Pincode :
Party.
Phone : Mobile :
Since both bank and NBFCs have been resorting to
Fax : E.Mail :
assignments and sale of their asset book esp. of Priority
Publication Order :
sector lending, the same can happen for co-originated
*Scheme Opted : No.of Copies
portfolio. To exemplify, NBFC after originating a portfolio
(Please mention the scheme name example : It-1, Lit-1 or Combo 4-1)
may intend to sell it to another NBFC after the assets
Period of Subscription : From to
matures and is due for repayment. This is more likely to
happen since certain NBFC have skill set of getting more Details of payment : Cash/M.O./D.D./Cheque* No
business and certain NBFC have skills of recovery. In such a
scenario the other party cannot be kept in dark and the Dt drawn Rs.
assignments rights, timings and other conditions need to be Ordinary Registered Post (Please tick)
stipulated in the initial co-origination agreement itself. Thus, *For outstation cheque please add Rs.50/- towards bank charges.
any change in share or limit of co-origination should be Outstation cheques of metro cities accepted only. No Charges ap-
plicable for payable at per cheques.
permitted by consent of both parties.
Do not make any Cash Payment
for Subcription of Journals Signature of Subcriber
Benefits of Co-lending
RBI Guidelines on co-origination of priority sector loans by Please tear and send it along with your letter
NBFCs and banks is a significant step towards coming up with
Mode of Payment
a new framework for boosting microfinance and MSME
lending in India. NBFCs are primarily dependent on debt 1. Payable at per Cheque/Demand Draft favouring Sashi Pulbications
Private Limited, Payable at Kolkata
markets, bank loans and assignment or securitization of their
2. You can directly ECS/Deposit cash in our bank account number
assets to meet funding requirement. Only large and good
below in your city and send us copy of Pay in slip by email.
rated NBFC have access to debt market and others do not A/C Name : Sashi Publications Private Limited
get these funds also. On another side, the banks have high A/C No. : 402120110000327
Bank : Bank of India
operational costs and hence face hiccups to reach out to
Branch : V V K Road Branch., Kolkata, India
masses in priority sector. The existing framework has helped
IFSC Code : BKID0004021
bank to a little extent to meet its priority sector lending Make Online Payment by Credit Card/Debit Card or your net banking
targets hence co-origination is being sought. account at our website www.sashipublications.com

BANKING FINANCE | JULY | 2019 | 49