CERSAI, which stands for Central Registry of Securitisation Asset Reconstruction and Security Interest of India, is a pivotal institution in the Indian financial ecosystem. Established under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act) of 2002, CERSAI plays a crucial role in preventing frauds involving multiple loans from different banks using the same asset as collateral. This central registry ensures transparency and security in the lending process, benefiting both lenders and borrowers. In our latest blog, we delve into the full form, meaning, function, process, and benefits of CERSAI. Understanding CERSAI is essential for anyone involved in securing loans or dealing with asset reconstruction and securitisation. The registry records the details of all assets used as collateral against loans, making it easier for financial institutions to assess the risk of lending and for borrowers to maintain a clean financial rec
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