Current Affairs - Persons - Discussion

The panel headed by Harsh Vardhan, senior advisor, Bain and Co., for the development of housing finance securitisation market has submitted its report to the governor of the Reserve Bank of India (RBI) Shaktikanta Das.The panel suggested that the National Housing Bank (NHB) should create an intermediary for standard-setting and market-making for the instruments. Intermediary could operate either directly through the NHB, the Indian Mortgage Guarantee Corporation (IMGC), or the RBI could set up a new organisation.