SBI to Buy NHB’s 10% Stake in RMBS Development Company
Why in the news
State Bank of India said on 3 July 2026 that it would take over the 10% shareholding that the National Housing Bank holds in RMBS Development Company Limited (RDCL), a company focused on mortgage-backed securities.
Key facts
- Buyer: State Bank of India; seller: National Housing Bank.
- Stake size: 10% of RDCL.
- NHB’s stake in RDCL drops from 39% to 29%.
- Purpose: to deepen the secondary mortgage market and the residential mortgage-backed securities (RMBS) space.
| Item | Detail |
|---|---|
| Stake being sold | 10% |
| NHB stake before | 39% |
| NHB stake after | 29% |
About RMBS Development Company
RDCL was established in 2024 to work in mortgage-backed securities. Such securities let financial institutions pool housing loans and turn them into tradable instruments, which frees up capital, improves liquidity and supports fresh lending.
Exam angle
- Remember the trio: SBI (buyer), NHB (seller), RDCL (target).
- Numbers to recall: 10% stake; NHB 39% to 29%.
- Concept: securitisation of housing loans.