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.
Who regulates Indian Corporate Debt Market?
A scheduled commercial bank is one -
Match the following:
A) Credit Risk P) Risk of price movements
B) Operational Risk ...
Regarding RBI’s initiatives to manage stressed assets, match the following:
A) 5:25 P) Unviable portion of debt can be co...
In which Bank/Banks one can deposit money in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) -
The risk arising out of human errors, technical faults or lack of internal controls is called-
Which policy determines the free conversion of domestic currency with international currencies?
Which of the following approach is not used for assessment of Operational Risk in Basel II?
i. Internal Rating ...
Which of the following is the most volatile foreign capital?
Sale of a security that is not owned by the seller is called?