As per the guidelines of RBI, what is the risk weight for the housing loans with LTV Ratio (Loan to Value Ratio) lesser than 80%
LTV Ratio (%) Risk Weight (%) ≤ 80 35 > 80 and ≤ 90 50 As a countercyclical measure, it has been decided to rationalize the risk weights, irrespective of the amount. The risk weights for all new housing loans to be sanctioned on or after the date of this circular and up to March 31, 2023 Loan to Value Ratio is the amount of loan that can be given as a percentage of the market value of a property, which is valued by an empaneled independent valuer identified by the Bank. For eg: if the market value of the property is 80 lakhs, then the maximum loan that can be given is (if LTV Ratio of the bank is 80%) 64 lakhs (80% of 80 lakhs). Other things like income of the applicant will also be considered to decide the final loan eligibility
With reference to the PMJJBY, consider the following statements:
1. Age group of 18 to 50 and having a bank account.
2. Voter ...
With which country has Unified Payments Interface ( UPI ) launched cross - border connectivity?
Recently Which Country became 68th country to join Interpol's child sexual abuse database?
The World Bank has approved a _______ loan to assist India in raising the standard of its technical education and expanding the number of jobs prospects...
Which of the following Indian firm has acquire fintech start-up ZestMoney for about $300 mn?
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As per the Constitution of India, who is authorized to transfer the Judge of one High Court to another?
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The Reserve Bank of India extended the last date for KYC updation for bank accounts to _________________.
Which fish species was NOT previously documented using tools before the recent study in the Laccadive Sea?