📝 One-liners · 66 cards
RETAIL ASSET PRODUCT
What is a retail asset product in the context of banking?
A retail asset product is a loan or credit facility extended by a bank to individual customers or small businesses, such as home loans, personal loans, auto loans, and credit cards.
What is the primary difference between retail asset products and corporate loans?
Retail loans target individuals; corporate loans target businesses.
Which regulatory body governs retail lending norms for commercial banks in India?
The Reserve Bank of India (RBI) governs retail lending norms through its Master Directions and Circulars issued under the Banking Regulation Act, 1949.
What is a home loan and what is its typical maximum repayment tenure?
A home loan funds property purchase; tenure up to 30 years.
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