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The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) was established, under Section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). It is licensed under Section 25 of the Companies Act, 1956. The government, in 2011, set up this central registry to track online data pertaining to lending transactions against equitable mortgages in India, with an aim to curb the rising number of property-related frauds. While the central government, so far, holds a majority stake in the entity, the CERSAI, in March 2021, said that the Reserve Bank of India (RBI) may pick up the government’s 51% stake in the central registry, since all its functions are related to banking activities. The remaining 49% stake in the CERSAI is held by state-run lenders, including State Bank of India, Punjab National Bank and Bank of Baroda, along with the National Housing Bank. Essentially, all of CERSAI’s functions and activities are related to banks, housing finance companies (HFCs) and non-banking finance companies (NBFCs). The central registry, among other things, deals with the filing of security interest of immovable, movable and intangible properties by lenders. Simply put, the CERSAI login is an online database of all the properties mortgaged with banks in India.
Which of the following rivers of Uttar Pradesh has been declared as 'Biological Disaster' due to Environmental Pollution?
Ayodhya is situated near which of the following river in uttar Pradesh?
Army Kharga Corps and the Air Force have conducted joint exercise "Gagan Strikers" a four day long exercise was held in the state of?
Which type of waves are light waves?
__________ is the largest freshwater lake in Haryana.
The Government of India has added _____ number of new Ramsar Sites as declared by the Union Minister of Environment, Forest and Climate Change, Bhupende...
Gross Enrolment Ratio (GER) in higher education in India is _______ per cent for 2019-20 according to the All India Survey on Higher Education (AISHE) ...
Mirabai Chanu has won a Gold Medal for India in weightlifting under _____ weight category?
Silent Valley National Park is located in which Indian state?
What is the name of India’s third lunar mission?