RBI proposes demat-only securitisation, sets INR 10 million minimum ticket size
This story was originally published at 20:40 IST on 27 July 2026
Register to read our real-time news.Informist, Monday, Jul. 27, 2026
MUMBAI – The Reserve Bank of India Monday proposed making all securitisation notes mandatory in dematerialised form and prescribing a minimum investment size of INR 10 million for their issuance as well as subsequent transfers, as part of measures aimed at improving the efficiency, liquidity, and transparency of the securitisation market.
The central bank issued draft amendment directions covering commercial banks, small finance banks, non-banking finance companies, and all-India financial institutions, and invited comments from stakeholders until Aug. 27. The proposed amendments, if finalised, will come into effect from Oct. 1.
As per the draft amendments, the RBI has proposed that the issuance, holding, and transfer of securitisation notes be permitted only in dematerialised form. It has also proposed a minimum ticket size of INR 10 million at the time of issuance and for all subsequent transfers. The agreement between the originator and the special purpose entity will be required to include a clause ensuring continuing compliance with this requirement. The RBI clarified that the ticket size refers to the investment made by a single investor.
The draft directions also seek to align the definition of a public offer of securitisation notes with the Securities and Exchange Board of India's regulations. Under the proposal, an offer will be deemed to have been made to the public if it is made to a number of persons that meets or exceeds the limit prescribed under the SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008.
According to the RBI, the amendments are intended to improve the efficiency, liquidity, and transparency in the issuance and subsequent transfer of securitisation notes across regulated entities. Comments on the draft directions can be submitted through the RBI's Connect2Regulate portal, by email, or by post to the Department of Regulation. End
Reported by Kabir Sharma
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
