The Reserve Bank of India (RBI) constituted a committee under Harsh Vardhan, to review existing state of mortgage securitisation in India and suggest measures to develop market further.

• It will review existing state of mortgage backed securitisation in India and also suggests measure to deepen housing finance securitisation market.
• It will also assess role of various counterparties in securitisation process which includes servicers, rating agencies, trustees, and also suggest steps to address key risk.