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The RBI updated The Master Direction on Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021 (“updated Master Direction”), on 5th December 2022.
Key highlights of the updated Master Direction are:
1) List of underlying assets for securitization now includes ‘Loans with residual maturity of less than 365 (three sixty-five) days’.
2) It is clarified that for calculation of MHP for commercial or residential real estate mortgages, it shall be counted from the date of full disbursement of the loan, or registration of security interest with CERSAI, whichever is later.
3) It has been clarified that “Ticket size” in relation to issuance of securitisation refers to the size of investment by a single investor.
For further details, please see:
Master Direction – Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021
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