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Central Registry of Securitisation Asset Reconstruction and Security Interest

Indian security interest registry

Central Registry of Securitisation, Asset Reconstruction and Security Interest of India (CERSAI) is a central online security interest registry of India. It was primarily created to check fraud in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks. It is a registered company under section 8 of the Companies Act, 2013, having its registered office at New Delhi.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Central Registry of Securitisation, Asset Reconstruction and Security Interest of India (CERSAI) is a central online security interest registry of India. It was primarily created to check fraud in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks.2

The story

It was formed under the Chapter IV Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SRFAESI Act). It was registered as a company under Section 25 of the Companies Act, 1956. CRSARSII became operational on 31-March-2011. 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks. The then Chairman of the National Housing bank, R.V. Verma, served as the first acting Registrar, managing director and CEO of CRSARSII, while continuing to hold charge at the National Housing Bank.

From Wikipedia’s article on Central Registry of Securitisation Asset Reconstruction and Security Interest, shared under CC BY-SA 4.0.3

Sources

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