Central Registry of Securitisation Asset Reconstruction and Security Interest of India

  CERSAI , or the  Central Registry of Securitisation Asset Reconstruction and Security Interest of India  is a complete, comprehensive registry of all assets that can be used as collateral in case of a  bank loan or mortgage . The key purpose behind CERSAI’s existence is to ensure that there is a complete log of all assets and the financial statuses of their owners, thus keeping a record of which asset has been kept as collateral with which bank. This also helps  banks  and  Asset Reconstruction Companies  choose which assets need to be sold to Asset Reconstruction Companies and which assets need to be kept. The registry is also used for security matters in order to prevent possible fraud where one asset is kept as collateral with different banks. All banks need to do is check the registry in order to know if any bank or authorized lender already has a claim over the asset. CERSAI’s ability to be comprehensive also relies on the information submi...

  CERSAI The  securitization of assets  helps the public as well as the government given that it helps identify the state of any asset.