A customer applies for a Home Loan for a property valued at Rs 60 Lakh. Under RBI guidelines, what is the maximum permissible Loan-to-Value (LTV) ratio and sanctioned loan amount for this category?

A prospective borrower intends to apply for a housing loan to purchase a ready-to-move-in residential apartment valued at 85 lakh rupees. The borrower is 35 years old and has a stable monthly income. In the context of the master directions and banking guidelines for housing loans, which of the following statements correctly represents the regulatory and operational criteria for sanctioning this housing loan?

A mortgage loan of Rs. 70,00,000 was sanctioned. The bank's appraisal valued the property 10% lower than its market price of Rs. 90,00,000. Calculate the Loan-to-Value (LTV) Ratio applied by the bank based on its appraised value.