Question

A borrower applied for ₹48 lakh loan on a flat valued at ₹60 lakh. Later valuation reduced property value to ₹54 lakh. The bank reassesses LTV compliance. What is the correct approach?

A Ignore revised valuation
B Apply original LTV
C Recalculate LTV on revised value
D Waive LTV for salaried
E Treat as unsecured
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