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India
2006 (20 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know India Mortgage Guarantee Company
Company Information
Get to know India Mortgage Guarantee Company
India Mortgage Guarantee Corporation (IMGC) is a specialized financial institution established to indemnify lending institutions for losses on housing loans due to borrower default. A joint venture between the National Housing Bank (NHB), Genworth Financial, the International Finance Corporation (IFC), and the Asian Development Bank (ADB), IMGC's mission is to promote early homeownership and expand access to housing finance in India. By providing guarantees, it reduces the credit risk for lenders, enabling them to offer higher loan amounts (higher LTVs) and longer tenures, thereby making housing more affordable for borrowers.
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