What is the risk weight for the housing loans with LTV Ratio (Loan to Value Ratio) lesser than 80%?
In October 2020, the risk weights for all new housing loans from October 16, 2020 and up to March 31, 2022 were rationalized, as a countercyclical measure, irrespective of the amount of loan. These risk weights will continue for all new housing loans to be sanctioned up to March 31, 2023 as follows: 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
Which one of the following Articles of the Indian Constitution puts an absolute limitation on the legislative power:
Guru Ghasidas national park is located in?
Spice Money, the rural fintech company, announced building a digital financial services platform for consumers from rural and semi-urban India in partne...
Which central government scheme has provided a platform for financial inclusion by facilitating the street vendors to carry out digital transactions?
Recently Vikram Gokhale passed away at the age of 77, he was a famous?
Which of the following Indian firm has acquire fintech start-up ZestMoney for about $300 mn?
Union Cabinet approves procurement of how many HTT-40 Basic Trainer Aircraft from HAL for Indian Air Force at a cost of over Rs 6,800 crore?
Recently the Indian Navy received two MH 60R multi- role helicopters from which country ?
Which cooperative bank has merged Mumbai-based troubled Sahebrao Deshmukh Co-operative Bank (SDC Bank) with itself & has added 11 branches to its networ...
India has signed MoU with which other country for grid interconnections, green/clean hydrogen, and the supply chain for the same & to establish a genera...