Question
Which loan does not require the borrower to pay back
during their lifetime?Solution
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.
Any type of banking business facility that is located separately from the bank's main location is known as ______ service bank.
Maximum limit of SLR is
Lack of access to financial services is technically known as:
“Where India Banks” is the tagline of ____________ .Â
___________ is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
What is a stale cheque?
All mutual funds in India must be compulsorily registered with which organization?
In which year the first Bank of India was established?
The inability of a debtor  to pay their debt is known as..........................
. ________________ has recently approved a law banning all exploration and production of oil and natural gas by 2040.
