Mutual trust The “Reserve Bank of India” and “banking” find a listing in the Seventh Schedule of the Indian Constitution and hence, fall within the exclusive jurisdiction of the Central Government.
The recent issue by one of the major banks demonstrated demand is improving for the product, at a price which was inside the recent AOFM supported deals. The Government recently announced that it will permit the issuance of covered bonds. It will be interesting to see where this product will fit with the existing RMBS.