Securitisation, Transfer and Distribution of Credit Risk- for Banks and NBFCs.
We are pleased to announce the launch of our e-book — Securitisation, Transfer and Distribution of Credit Risk- for Banks and NBFCs.
This book, spanning over 900+ pages, provides a comprehensive analysis of the evolving regulatory and transactional landscape relating to credit risk transfer in India, with detailed commentary on:
• RBI regulations on securitisation
• Transfer of Loan Exposures or so-called direct assignments
• Co-lending arrangements
• Loan syndication arrangements
• SEBI regulations governing the issue and listing of securitised debt instruments
Designed specifically for banks, NBFCs, market participants, legal professionals and compliance teams, the publication offers practical insights into the regulatory framework governing structured finance and credit distribution transactions.
The Commentary is based on RBI’s November, 2025 version of consolidated Directions.
The book was launched during the 14th Securitisation Summit, and the e-book is available exclusively through the Premium Section of our website.
Kindly note that access to the book will be for a period of one year from the date of purchase of the book.
Read an excerpt from the book here.
Click here to purchase now directly, or

Table of Contents
About the book ……………………………………………………………………………………………………………………………. 1
Preface to Second Edition …………………………………………………………………………………………………………… 22
Chapter 1: Understanding the Basics of Securitisation & Structured Finance ……………………………………. 24
Chapter 2: Securitisation in India: Tracing the developments in the market ………………………………………. 51
Chapter 3: Asset Classes and Structures in India ……………………………………………………………………………. 67
Chapter 4: Law of assignment and true sale of receivables ……………………………………………………………… 83
Chapter 5: Commentary on the Directions on Securitisation of Standard Assets ………………………………. 107
Chapter 6: Listing Regulations On Securitised Debt Instruments & Security Receipts ……………………… 458
Chapter 7: Commentary on the Directions on Transfer of Loan Exposures ……………………………………… 659
Chapter 8: Co-lending Arrangements …………………………………………………………………………………………. 844
Chapter 9: Loan syndication, Consortium Lending, Participation Certificates and Balance Transfers …. 917
Chapter 10: Taxation aspects of Securitisation, Transfer of Loan Exposures and Co-lending ……………. 939
ABOUT THE CONTRIBUTORS ……………………………………………………………………………………………… 960

