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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.
ADB will provide a fund of Rs.1311.20 crore for tourism projects in which state ?
Prime Minister Narendra Modi recently inaugurated the ‘Kisan Drone Yatra’. He also flagged off _______ ‘Kisan Drones’ in various...
Which state government approved a new industrial and EV policy for the state on Feb 2023?
Union Minister of Road Transport and Highways Nitin Gadkari inaugurated the first phase of the New Zuari Bridge in ?
Who was the first female Chief Secretary of Maharashtra appointed in July 2024?
What is the focus of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) approved by the Union Cabinet?
Chelonoidis phantasticus, recently discovered after a long time, is a giant species of____?
Which ministry launched a new scheme to establish a sustainable electronics component ecosystem in India?
Who launched the MPLADS e-SAKSHI Mobile Application for the Revised Fund Flow Procedure under MPLAD Scheme?
1st Labour 20 (L20) meeting was held in which of the following city from 19th to 20th March 2023?