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RBI forms committee to review existing state of mortgage securitisation

The committee has been asked to submit its report by the end of August 2019

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A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi. Photo: Reuters

Subrata Panda Mumbai
To develop the housing finance securitisation market in India, the Reserve Bank of India (RBI) on Wednesday formed a committee to review the existing state of mortgage securitisation and suggest ways to develop the market further under the chairmanship of Harsh Vardhan, senior advisor, Bain & Co. 

The committee has been asked to submit its report by the end of August 2019. 

The newly appointed committee has been mandated to examine the existing structure for mortgage-backed securitisation transactions in India, including legal, tax, valuation and accounting-related issues. It has also been asked to suggest necessary modifications to address the requirements of originators

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First Published: May 30 2019 | 2:16 AM IST

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