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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 states recently got the approval of 12 conservation reserves and 3 wildlife sanctuaries?
According to the Bloomberg Billionaire Index, who has become Asia's richest man?
Which state in India is known for its significant cement production industry.
Which of the following ancient monuments of India of the UNESCO World Heritage Site will have a hydraulic lift system for the visitors?
What category did India achieve in the FATF Mutual Evaluation?
Which country hosted the 7th Indian Ocean Conference?
The writer of an important patriotic song “Aye Mere Watan Ke Logo” is______
What was the primary reason for India's GDP growth slowdown to 6.7% in the April-June quarter?
Which of the following is known as the Old Stone Age?
Between which two rivers was the ancient Takshashila University located?
