Ltv ratio

Shobhit Jain (Querist) 01 June 2020 This query is : Resolved
RBI has set a maximum LTV ratio for housing finance for scheduled commercial banks. Whether it will be applicable to NBFC's as well?

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The Reserve Bank of India (RBI) has established a maximum Loan-to-Value (LTV) ratio for housing finance specifically for scheduled commercial banks. The discussion clarifies that these instructions are intended for commercial banks, excluding Regional Rural Banks and local area banks. While the direct applicability to NBFCs isn't explicitly stated, seeking advice from Chartered Accountants or using the RTI process with the RBI are suggested avenues for further clarification.

Raj Kumar Makkad (Expert) 01 June 2020
The question you put belongs to Chartered Accountants so better to avail their services.

Dr J C Vashista (Expert) 02 June 2020
Post the question in CA Club.

Rajendra K Goyal (Expert) 02 June 2020
The circular instructions are for Commercial Banks (Excluding RRBs and local area Banks).

Can get clarification from RBI through RTI in case of need.

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