MICROCAPITAL BRIEF: International Finance Corporation (IFC) Backs Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and the government-owned Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) of India, are developing a database of collateral used to secure loans. CERSAI was established by the Finance Ministry in 2011 as a central electronic mortgage registry intended to prevent multiple borrowings against the same immovable assets. This information is made available to financial institutions including microlenders in an effort to improve transparency and security in the lending process.

IFC is advising on the design of CERSAI’s model, the development of legal and institutional frameworks and the expansion of the service to inclu

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