Central Registry of Securitisation Asset Reconstruction and Security Interest of India

  Asset Reconstruction Company Make your life easy with CKYC Identifier Number. Get one and say goodbye to repeated submission of KYC documents with financial institutions. To Know More Information –  CERSAI

  What is CERSAI & CERSAI Charges? The  Central Registry of Securitisation Asset Reconstruction and Security Interest of India or CERSAI  charges is a term referred to in the context of housing loans. CERSAI is a company licensed under Section 8 of Companies Act of 2013 by the Government of India. According to this Act, the  Central Government of India and certain public sector banks, including National Housing Banks, constitute 51% shareholding in CERSAI . CERSAI was formed to analyze and identify any dubious activity, particularly regarding  home loans against property or mortgage home loans,  i.e. various loans obtained by pledging the same property. The major purpose of the CERSAI establishment was to alleviate and avoid all illegal practices relating to multiple loans against the same property or asset from various lenders. The Government then began implementing CERSAI charges on home loans to safeguard the interests of the lenders while extending...

  Central Registry of Securitisation Asset Reconstruction and Security Interest of India or CERSAI   was formed to control dubious activities related to lending & credit transactions against equitable mortgages. About CERSAI CERSAI registration. CERSAI accessibility. Focus points of CERSAI. About CERSAI- Acronym CERSAI is expanded as Central Registry of Securitisation Asset Reconstruction and Security Interest of India. CERSAI is formed as a company under section 8 of the Companies Act, 2013 by the Government of India. CERSAI was created to screen and analyse fraudulent transactions & activities during equitable mortgage transactions. In simple terms, CERSAI was formed to avoid and prevent the activity of enjoying several loans from different banks using the same asset or property. Primary shareholders of the CERSAI are the Central Government of India, National Housing Bank and public sector banks. However, the Central Government of India holds about 51% share in this ...