The RBI has imposed a monetary penalty of ₹59.2 lakh on IndusInd Bank Ltd for non-compliance with regulatory directions regarding ‘Interest Rate on Deposits’ and ‘Securitisation of Standard Assets’.
The RBI has imposed a monetary penalty of ₹59.2 lakh on IndusInd Bank Ltd for non-compliance with regulatory directions regarding ‘Interest Rate on Deposits’ and ‘Securitisation of Standard Assets’.
The State Bank of India (SBI) has acquired a 10% stake in the RMBS Development Company Limited (RDCL), an entity focused on residential mortgage-backed securitisation.
Following this transaction, the shareholding of the National Housing Bank (NHB) in the RDCL has declined from 39% to 29%.