Mumbai, July 28 -- The Reserve Bank of India (RBI) has proposed that all securitisation notes be issued, held and transferred only in dematerialised (demat) form. In separate draft amendment directions issued for commercial banks, small finance banks, non-banking financial companies (NBFCs) and All India Financial Institutions (AIFIs), the RBI said the changes are intended to improve efficiency, liquidity and transparency in issuance and subsequent transfer of Securitisation Notes (SNs). Under the proposed changes, the issuance, holding and subsequent transfer of securitisation notes under these Directions shall only be in a dematerialised form. The RBI has also proposed that the minimum investment size remain at Rs 1 crore not only when ...