2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State Bank of India
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Dena Bank
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Canara Bank
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Federal Bank
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Detailed explanation-1: -“The teams have collaborated to develop an enabling proposition, ” said Mahesh Misra, CEO, IMGC. “This shall expand product offering and also mitigate risk.” The program between IMGC and RBL Bank has been designed in a manner to address the needs of a wide range of customers through varied products.
Detailed explanation-2: -(IMGC) has partnered with with RBL Bank to offer mortgage guarantee-backed home loan products for salaried and non-salaried customers.
Detailed explanation-3: -RBL Bank partners IMGC to offer mortgage guarantee backed home loans.
Detailed explanation-4: -(31.39%), National Housing Bank (20.34%), International Finance Corporation (7.44%) and Asian Development Bank (7.44%). We confirm that the Net Owned Funds as per the financials as on March 31, 2022, is INR 123.6 Cr and is well within the prescribed limit.
Detailed explanation-5: -India Mortgage Guarantee Corporation (IMGC) is India’s first Mortgage Guarantee company (MGC). IMGC came into being with a vision of facilitating early home ownership by mitigating credit risk for home loan lenders.