Retail Lending Policy Quiz

Who can sanction Retail Lending Schemes of the Bank as per the terms of the respective scheme guidelines?

• Competitors

• Any employee

• Customers

• Concerned authorities

What is the basis for determining the sanctioning powers in retail lending?

• Size of the bank

• Number of loans sanctioned

• Credit risk rating grade of the borrower

• Customer service rating

Which authority can consider sanctioning second and subsequent 4-wheeler vehicle loans to the same borrower?

• Senior Manager (Scale-III) at RAHs & above authorities

• Branch Manager

• Regional Manager

• Circle Head

Who can sanction loans to close relatives of bank employees under the Retail Lending Schemes?

• Branch Manager

• Scale IV and above authorities

• Regional Manager

• Circle Head

What is the minimum qualifying Risk Grade for permitting takeover of Housing Loans from Co-operative Banks?

• CS:3

• CS:2

• CS:1

• CS:4

What is the maximum percentage of commercial area allowed in a residential housing project to classify it under CRE-RH?

• 5%

• 10%

• 15%

• 20%

What is the purpose of obtaining Credit Information Reports (CIRs) according to the text?

• To evaluate credit history

• To check social media activity

• To track spending habits

• To monitor phone calls

What is the purpose of Credit Audit as per the text?

• To assess the credit risk rating of borrowers

• To review post sanction process and suggest remedial measures

• To conduct legal audit of title deeds

• To conduct valuation of fixed assets

What is the maximum number of variations permitted in a proposal under Retail Lending schemes?

• 4

• 3

• 2

• 1

What is the purpose of Legal Audit of Title Deeds as mentioned in the text?

• To conduct valuation of fixed assets

• To review the credit risk rating of borrowers

• To verify the records of Office of sub Registrar/Registrar of Assurance

• To assess the post sanction process