.............The Reserve Bank of India has said that India’s first mortgage guarantee company, the India Mortgage Guarantee Corporation (IMGC), can start functioning. Its capital will come from three investors – the National Housing Bank (38 per cent), an American company called Genworth Financial (36 per cent) to provide technical help and ADB and IFC (with 13 per cent each). It is interesting to note that the Government will not have a stake..............
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