‘Legal issues make reverse mortgage unsuitable’

HDFC Bank’s CEO, Sashidhar Jagdishan, expressed reservations about reverse mortgage loans in India, citing legal and operational challenges. He highlighted ongoing tech upgrades, including a new mobile app and net banking interface, with AI implementation focused on efficiency without replacing human judgment. Deposit mobilization efforts have impacted the bank’s CASA ratio post-merger.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top