State Bank of India (SBI) to acquire 10% stake in RMBS Development Company (RDCL)

Exam-focused facts from the 8 July 2026 current affairs briefing.

Key facts

State Bank of India (SBI) is acquiring a 10% stake in RMBS Development Company (RDCL) from the National Housing Bank (NHB), which will reduce NHB's holding from 39% to 29%.
RDCL is a middle-layer non-banking financial company (NBFC) established in 2024 with a paid-up capital of ₹500 crore to deepen India's residential mortgage-backed securities (RMBS) market.
The shareholders of RDCL include Life Insurance Corporation of India (LIC) with 10%, HDFC Bank, ICICI Bank, and Bajaj Finance with 7% each, and Aditya Birla Housing Finance, Tata Capital Housing Finance, Truhome Finance, Grihum Housing Finance, Hero Housing Finance, and IIFL Home Finance with 5% each.
As of March 31, 2026, SBI holds the country's largest home loan book at ₹9.44 lakh crore, while HDFC Bank's mortgage portfolio stood at ₹8.89 lakh crore and ICICI Bank's at ₹4.98 lakh crore.
RDCL executed its maiden transaction on May 5, 2025, by securitising a ₹1,109-crore pool of home loans originated by LIC Housing Finance.