Wednesday, October 31, 2012

Covered bonds with NHB Intermediation coming?

.... The Group included representatives from ministry of finance, Reserve Bank of India (RBI), leading mortgage originators, rating agencies, banks, etc. NHB is reportedly interested in fast-tracking the issuance of covered bonds in India. The Group has given a draft of Covered Bond Regulations that NHB may promulgate. If the needed amendment of law can be passed without any delay, covered bonds in India may be a reality very soon......

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