In a reverse mortgage loan, the borrower is not required to pay back the loan during their lifetime. Reverse mortgage is a type of loan available to elderly homeowners where they can convert a portion of the equity in their home into loan funds. The loan is typically repaid when the borrower permanently moves out of the home, passes away, or sells the property. Until then, the borrower does not make any monthly mortgage payments. Instead, the loan balance increases over time as interest and fees accumulate. The loan is usually repaid from the proceeds of the sale of the home.
When did IFSCA (Capital Market Intermediaries) Regulations, 2021 (Regulations) notified?
Who is the lender of last resort for a Banking unit inside the IFSC?
The International Financial Services Centres Authority was established under which of the following?
Which of the following statements is/are correct in regards to Budget 2023-24?
1. The Union Budget 2023-24 was presented in two parts
Under which section of IFSCA Act 2019, IFSC Authority make regulations for banking and investment activities in the IFSC?
Microfinance institutions ha ve seen a deterioration in NPA levels recently. Who regulates microfinance institutions in India?
The security that carries the lowest risk is _____
The term ___ refers to the regulatory authority that is responsible for regulating the Parent Bank in the jurisdiction where the Parent Bank is incorpo...
Which of the following statements is/are correct in regards to the GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme and budget 2023-2024?<...
Which of the following statements are correct in regards to social Infrastructure in economic survey 2023?
