The Reserve Bank of India (RBI) on April 04, 2024, issued a notification regarding the Master Directions - Mortgage Guarantee Companies (Reserve Bank) Directions, 2016.
In supersession of the Master Circulars DNBR(PD-MGC) CC.No.01/23.11.001/2015-16, DNBR(PD-MGC) CC.No. 02/23.11.001/2015-16 and DNBR (PD-MGC) CC.No.DNBR (PDMGC) CC.No.03/23.11.001/2015-16 dated July 01, 2015, hereby issues the Master Direction on Mortgage Guarantee Companies (Reserve Bank) Directions, 2016.
The provisions of these Directions shall apply to every Mortgage Guarantee Company (MGC) which has been granted a Certificate of Registration under the scheme of Registration of Mortgage Guarantee Companies by the Reserve Bank of India.
[Notification No. RBI/DNBR/2016-17/50]
