NHB-promoted RMBS Development Company gets RBI Certificate of Registration
RMBS Development Company Limited (RDCL), set up by the National Housing Bank, received a Certificate of Registration from the RBI on 23 January 2025 to commence operations.
Summary
RMBS Development Company Limited (RDCL) received a Certificate of Registration from the Reserve Bank of India on 23 January 2025 to commence operations. The National Housing Bank, a statutory body, set up RDCL as its single largest shareholder, with banks, HFCs/NBFCs and an insurance company as other investors. RDCL is meant to develop the Residential Mortgage-Backed Securitisation (RMBS) market by investing in RMBS issuances, giving second-loss credit enhancement and supporting liquidity. RDCL has a paid-up capital of ₹500 crore, a registered office in Mumbai, and is expected to start operations in March 2025.
Key facts
- CoR from RBI
- 23 January 2025
- Promoter
- National Housing Bank (single largest shareholder)
- Purpose
- Develop the RMBS market
- Paid-up capital
- ₹500 crore
- Registered office
- Mumbai
- Operations expected
- March 2025
- Housing loans
- ₹17.95 lakh crore (Mar 2019) to ₹33.19 lakh crore (Mar 2024), CAGR 13.1%
Practice MCQs 2 questions
RMBS Development Company Limited (RDCL), which got an RBI Certificate of Registration in January 2025, was set up by which body?
Show answer
Correct answer: C — National Housing Bank
PIB 2096815: National Housing Bank set up RDCL as its single largest shareholder.
What is the paid-up capital of RMBS Development Company Limited (RDCL)?
Show answer
Correct answer: A — ₹500 crore
PIB 2096815: RDCL's paid-up capital is ₹500 crore, with its registered office in Mumbai.