Current Affairs · Economy and Banking
In May 2025, India listed its first Mortgage-backed Pass Through Certificates (PTCs) on the National Stock Exchange (NSE). Which of the following statements regarding this listing are correct? 1. The issuance comprised 1,00,000 certificates with a face value of Rs 1,00,000 each, totaling Rs 1,000 crore. 2. These PTCs are backed by a pool of housing loans originated by LIC Housing Finance Limited. 3. The PTCs carry an annual coupon rate of 9.5% with a 10-year maturity period.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 2Both 1 and 3
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- 4Both 1 and 2✓
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Both 1 and 2
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