In case of securitization of assets, to ensure that the originators have a continuing stake in the performance of securitised assets, the ______ is mandated by RBI.
Minimum Retention Requirement (MRR) The MRR is primarily designed to ensure that the originators have a continuing stake in the performance of securitised assets so as to ensure that they carry out proper due diligence of loans to be securitised. The originators should adhere to the MRR as detailed below while securitising loans leading to issuance of securitisation notes other than residential mortgage backed securities: a. For underlying loans with original maturity of 24 months or less, the MRR shall be 5% of the book value of the loans being securitised. b. For underlying loans with original maturity of more than 24 months as well as loans with bullet repayments, as mentioned in proviso to Clause 6, the MRR shall be 10% of the book value of the loans being securitised.
Which of the following public sector bank recently launch “Vyom App” where customers can do transactions beyond traditional banking?
How many wetlands of international importance are there in India, including the newly recognized Nagi and Nakti Bird Sanctuaries?
Sanjay Bhattacharya is an Indian ambassador to which country?
Nobel Prize 2022 in Economics has been awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig for?
What is the primary goal of the Election Commission of India's "Mission 414" initiative in Himachal Pradesh?
Which organization became the first Central Public Sector Enterprise (CPSE) in India to receive certification for Anti-Bribery Management System (ABMS)?
India has launched an operation in order to evacuate its nationals from violence-hit Sudan.What has the name been given to the operation?
Who has been appointed as the new President of Qualcomm India?
The World Trade Organisation (WTO) notified that the global merchandise trade volume is expected to grow ________ in 2023 as compared to an earlier esti...
Recently the NATO Summit was held in Madrid. Which of the following countries took part in it for the first time?
