Review Paper- Reverse Mortgage in India

In today’s fast paced business environment, banks operating in retail space require a change resilient vertically integrated value chain for delivering the most competitive product and services. This need is redefining the boundaries of a bank’s value chain creating greater thrust for the value add, right from the lowest end of the delivery channels. In the loans and advances product space, this requires an integration strategy right from sourcing, evaluating and servicing to collections, recoveries and written-off management. This project elaborate the delivery capability of bank, operating loan against property space which is faced with challenges of rapid changing products and business process and also to handle large transaction volume handling due to high business volumes. This project focuses on the business challenges faced by one of the largest bank having 3000 concurrent users and with over 3 million customers worldwide. The bank needs to implement a business process with the needed level of automation and to build up services capabilities foe tapping a nationwide market for loans and advances business of secured and unsecured portfolio.