Question

Define the following under Securitization Act, 2002 of Qualified Institutional Buyer.

Answer 1

he Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 is a legislation that helps financial institutions to ensure asset quality in multiple ways. ... As a legal mechanism to insulate assets, the Act addresses the interests of secured creditors (like banks).

Answer 2

Explanation:

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 is a legislation that helps financial institutions to ensure asset quality in multiple ways. ... As a legal mechanism to insulate assets, the Act addresses the interests of secured creditors (like banks).