RDCL, A RESIDENTIAL MORTGAGE-BACKED SECURITISATION (RMBS) COMPANY SET UP BY NHB RECEIVES CERTIFICATE OF REGISTRATION TO COMMENCE OPERATIONS, FROM RBI

India, Jan. 27 -- The Government of India issued the following news release:

RMBS Development Company Limited (RDCL) has now received Certificate of Registration (CoR) from Reserve Bank of India(RBI) to commence operations, on January 23, 2025.

National Housing Bank (NHB), a statutory body under the Government of India has set up RMBS Development Company Limited (RDCL) as the single largest shareholder and is supported by a strong mix of investor classes across Banks, HFC/ NBFC and Insurance company.

The Company is envisioned to play the role of a commercially sustainable market intermediary to facilitate the growth and development of Residential Mortgage-Backed Securitisation (RMBS) market in the country. The operationalization of Compa...