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IDBI Bank securitises home loans

MUMBAI: IDBI Bank has securitised home loans aggregating Rs. 82 crores with a repayment period of 20 years. The mortgage-backed securitisation (MBS) running into Rs. 82 crores is in three tranches spread across seven investors, the bank said in a release here. This MBS structuring and sales capability would complement the bank's home loan asset-booking infrastructure, IDBI Bank head for structured finance, V. Srinivasan, said. ``A significant feature of the securitisation is that it incorporates accentuated prepayment protected and prepayment prone tranches'', he added. — PTI

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