SBI to Acquire 10% Stake in RMBS Development Company (RDCL) from National Housing Bank

The State Bank of India (SBI) will purchase a 10% stake in RMBS Development Company Ltd (RDCL) from the National Housing Bank (NHB).
Following this transaction, NHB's equity in the housing finance market intermediary will decrease from 39% to 29%.
RDCL was set up in 2024 with a paid-up capital of Rs 500 crore to act as a crucial market intermediary for Residential Mortgage-Backed Securities.
Other major financial entities also hold equity in RDCL, including LIC (10%), and HDFC Bank, ICICI Bank, and Bajaj Finance holding 7% each.

Key Facts / Static GK

State Bank of India Chairman: Challa Sreenivasulu Setty
SBI Headquarters: Mumbai, Maharashtra
SBI Founded: 1 July 1955

Q Practice Quiz — 8 July 2026

1. Who has been re-appointed as the non-executive chairman of Axis Bank for a three-year term starting October 27, 2026?

A Amitabh Chaudhry

B N S Vishwanathan

C Challa Sreenivasulu Setty

D Rangan Banerjee

E Urjit Patel

Explanation: The Reserve Bank of India approved the re-appointment of N S Vishwanathan, a former deputy governor of the RBI, as the non-executive chairman of Axis Bank for a term of three years starting October 27, 2026.

2. What is the total financial outlay of the 'Clean Air, Healthy Delhi' project launched by the Delhi government to combat air pollution?

A Rs 5,500 Crore

B Rs 6,800 Crore

C Rs 7,500 Crore

D Rs 8,300 Crore

E Rs 9,000 Crore

Explanation: The Delhi Government, led by Chief Minister Rekha Gupta, announced an Rs 8,300 crore programme titled 'Clean Air, Healthy Delhi' to tackle air pollution in the national capital.

3. By what percentage will the National Housing Bank's (NHB) stake in RDCL decrease after selling a portion to the State Bank of India (SBI)?

A From 50% to 40%

B From 39% to 29%

C From 45% to 35%

D From 30% to 20%

E From 25% to 15%

Explanation: After SBI acquires a 10% stake in RMBS Development Company Ltd. (RDCL) from the National Housing Bank, NHB's shareholding will reduce from 39% to 29%.

4. According to the UNCTAD World Investment Report 2026, what was India's global rank as a recipient of Foreign Direct Investment (FDI) in 2025?

A 8th

B 9th

C 11th

D 13th

E 15th

Explanation: The World Investment Report 2026 states that India has climbed two places to become the world's 11th-largest recipient of foreign direct investment (FDI) in 2025.

5. Which country has become the first foreign nation to purchase India's indigenous Astra Beyond Visual Range Air-to-Air Missile (BVRAAM)?

A Philippines

B Vietnam

C Indonesia

D Armenia

E UAE

Explanation: Indonesia signed an agreement to procure Astra Beyond Visual Range Air-to-Air Missiles (BVRAAM), making it the first foreign country to procure this indigenous Indian missile system.

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