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First mortgage-backed PTC listed on NSE

1 min readCapital Market & SEBI
Battle IAS current affairs title card: First mortgage-backed PTC listed on NSE (GS3 · Finance, 5 May 2025)

What happened

  • India’s first mortgage-backed Pass Through Certificates, structured by RMBS Development Company, were listed on NSE on 5 May 2025 [PIB].

Background

  • The ₹1,000 crore issue was backed by LIC Housing Finance loans [PIB].

Why it matters

  • Deepens the bond market for housing finance.

How to use this in Mains

GS-III Indian economy: mobilisation of resources, financial inclusion

  1. As per PIB (2025-05-05): india's first mortgage-backed Pass Through Certificates, structured by RMBS Development Company, were listed on NSE on 5 May 2025.
  2. Deepens the bond market for housing finance.
Quotable data point

India's first mortgage-backed Pass Through Certificates, structured by RMBS Development Company, were listed on NSE on 5 May 2025.

PIB: Mortgage PTC listing, 5 May 2025

Exam angle

UPSC

Prelims: PTC.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Loans backing the PTC were from

Answer (b) & explanation

PIB.

Official source: PIB: Mortgage PTC listing, 5 May 2025

facts from cited sources only; faculty review pending