Banking · RBI Regulations and Retail Assets
Consider the following statements regarding banking norms in India: Statement 1: For a Home Loan up to ₹50 lakh, the risk weight assigned to this asset is 35% if the Loan to Value (LTV) ratio is less than or equal to 80%. Statement 2: A Vehicle Loan for a commercial taxi can be classified under the regulatory retail category for capital adequacy if the total exposure to a single counterparty does not exceed ₹5 crore. Statement 3: Under the PMAY scheme, the interest subsidy is generally applicable only if the female head of the family is a co-owner of the property, subject to specific guidelines. Which of the following summaries is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None of the statements are correct.
- 2Only Statements 2 and 3 are correct.
- 3Only Statements 1 and 2 are correct.
- 4Statements 1, 2, and 3 are correct.✓
Correct answer
Statements 1, 2, and 3 are correct.
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