REVERSE MORTGAGE AT SBI BELGAUM
CHAPTER- 1
EXECUTIVE SUMMARY
BABASAB PATIL MBA FINANCE PROJECT Page 1
REVERSE MORTGAGE AT SBI BELGAUM
EXECUTIVE SUMMARY
The title of the project is “REVERSE MORTGAGE”. Project was carried out at
S! "ai# $ra#ch% statio# road el&au". The "ai# o$jecti'e $ehi#d the stud( was to
u#dersta#d the co#cept of Re'erse Mort&a&e a#d its feasi$ilit( stud(.
Objectives ! t"e st#$%&
• To stud( the or&a#i)atio#al structure.
• To stud( the theoretical aspects of Re'erse Mort&a&e.
• Re'erse Mort&a&e practices i# S!.
• *easi$ilit( Stud(.
St'te(e)t ! t"e *+b,e(&
Stud( has $ee# ta+e# i# order to +#ow the feasi$ilit( of Re'erse Mort&a&e i# S!
"ai# $ra#ch% el&au".
Rese'+c" Met"$,-%&
? Sa"pli#& "ethod, - .eli$erate /o#'e#ie#ce Sa"pli#&. *or selecti#& the sa"ple
for "( sur'e( two i"porta#t criteria were co#sidered o#e is that the a&e of the
respo#de#ts should "ore tha# 01 a#d the other criteria is that respo#de#t should
ow# a house with its title.
? Sa"ple si)e ,- 23
BABASAB PATIL MBA FINANCE PROJECT Page 1
REVERSE MORTGAGE AT SBI BELGAUM
? .ata collectio# "ethod
• Pri"ar( data
? 4uestio##aire
? Perso#al i#ter'iew
? O$ser'atio#s
• Seco#dar( data
? Records of S!
? 5our#als
? 6e$sites
? Scope of stud(
• el&au" cit(
? Tools used for a#al(sis
• SPSS
• Graphs a#d /harts
Li(it'ti)s ! st#$%&
The li"itatio# of the stud( is lac+ of i#for"atio# $ei#& pro'ided $( the
staff of the $a#+ $ecause of the pri'ac( polic( of the $a#+. As for the sur'e( deli$erate
co#'e#ie#ce sa"pli#& is used% i# which the respo#de#ts are selected o# the $asis of
certai# criteria the sa"ple si)e is less a#d this is a#other li"itatio# of "( stud(.
BABASAB PATIL MBA FINANCE PROJECT Page 2
REVERSE MORTGAGE AT SBI BELGAUM
Fi)$i)-s&
7 A# attracti'e optio# to the elderl( to fi#a#ce their co#su"ptio# #eeds o# their
ow#.
7 The loa# is &i'e# without a#( i#co"e% "edical or credit re8uire"e#ts criteria.
7 E#coura&e "ore people i# the wor+i#& populatio# to i#crease the proportio# of
their sa'i#&s i#'ested i# housi#&.
7 Re'erse "ort&a&e le#der i# the !#dia# "ar+et "ust proceed with cautio#.
7 The actual si)e of the re'erse "ort&a&e "ar+ets is #owhere #ear its esti"ated
pote#tial.
7 Out of 23 respo#de#ts o#l( 93: had so"e $asic +#owled&e a$out Re'erse
Mort&a&e.
7 ; people were willi#& to &o for Re'erse Mort&a&e out of 23 respo#de#ts.
BABASAB PATIL MBA FINANCE PROJECT Page 9
REVERSE MORTGAGE AT SBI BELGAUM
S#--esti)s.
7 Educate people a$out re'erse "ort&a&e, - As $( the sur'e( ! ha'e fou#d out that
o#l( 93: of the respo#de#ts ha'e so"e $asic idea a$out re'erse "ort&a&e% so $(
this it ca# $e said that people are #ot educated a$out re'erse "ort&a&e. So ! would
su&&est the $a#+ to educate the people a$out re'erse "ort&a&e throu&h
ad'ertise"e#ts% co#ducti#& wor+shops a#d lectures o# re'erse "ort&a&e etc.
7 Ta+e respo#si$ilit( for the e
CHAPTER- 1
EXECUTIVE SUMMARY
BABASAB PATIL MBA FINANCE PROJECT Page 1
REVERSE MORTGAGE AT SBI BELGAUM
EXECUTIVE SUMMARY
The title of the project is “REVERSE MORTGAGE”. Project was carried out at
S! "ai# $ra#ch% statio# road el&au". The "ai# o$jecti'e $ehi#d the stud( was to
u#dersta#d the co#cept of Re'erse Mort&a&e a#d its feasi$ilit( stud(.
Objectives ! t"e st#$%&
• To stud( the or&a#i)atio#al structure.
• To stud( the theoretical aspects of Re'erse Mort&a&e.
• Re'erse Mort&a&e practices i# S!.
• *easi$ilit( Stud(.
St'te(e)t ! t"e *+b,e(&
Stud( has $ee# ta+e# i# order to +#ow the feasi$ilit( of Re'erse Mort&a&e i# S!
"ai# $ra#ch% el&au".
Rese'+c" Met"$,-%&
? Sa"pli#& "ethod, - .eli$erate /o#'e#ie#ce Sa"pli#&. *or selecti#& the sa"ple
for "( sur'e( two i"porta#t criteria were co#sidered o#e is that the a&e of the
respo#de#ts should "ore tha# 01 a#d the other criteria is that respo#de#t should
ow# a house with its title.
? Sa"ple si)e ,- 23
BABASAB PATIL MBA FINANCE PROJECT Page 1
REVERSE MORTGAGE AT SBI BELGAUM
? .ata collectio# "ethod
• Pri"ar( data
? 4uestio##aire
? Perso#al i#ter'iew
? O$ser'atio#s
• Seco#dar( data
? Records of S!
? 5our#als
? 6e$sites
? Scope of stud(
• el&au" cit(
? Tools used for a#al(sis
• SPSS
• Graphs a#d /harts
Li(it'ti)s ! st#$%&
The li"itatio# of the stud( is lac+ of i#for"atio# $ei#& pro'ided $( the
staff of the $a#+ $ecause of the pri'ac( polic( of the $a#+. As for the sur'e( deli$erate
co#'e#ie#ce sa"pli#& is used% i# which the respo#de#ts are selected o# the $asis of
certai# criteria the sa"ple si)e is less a#d this is a#other li"itatio# of "( stud(.
BABASAB PATIL MBA FINANCE PROJECT Page 2
REVERSE MORTGAGE AT SBI BELGAUM
Fi)$i)-s&
7 A# attracti'e optio# to the elderl( to fi#a#ce their co#su"ptio# #eeds o# their
ow#.
7 The loa# is &i'e# without a#( i#co"e% "edical or credit re8uire"e#ts criteria.
7 E#coura&e "ore people i# the wor+i#& populatio# to i#crease the proportio# of
their sa'i#&s i#'ested i# housi#&.
7 Re'erse "ort&a&e le#der i# the !#dia# "ar+et "ust proceed with cautio#.
7 The actual si)e of the re'erse "ort&a&e "ar+ets is #owhere #ear its esti"ated
pote#tial.
7 Out of 23 respo#de#ts o#l( 93: had so"e $asic +#owled&e a$out Re'erse
Mort&a&e.
7 ; people were willi#& to &o for Re'erse Mort&a&e out of 23 respo#de#ts.
BABASAB PATIL MBA FINANCE PROJECT Page 9
REVERSE MORTGAGE AT SBI BELGAUM
S#--esti)s.
7 Educate people a$out re'erse "ort&a&e, - As $( the sur'e( ! ha'e fou#d out that
o#l( 93: of the respo#de#ts ha'e so"e $asic idea a$out re'erse "ort&a&e% so $(
this it ca# $e said that people are #ot educated a$out re'erse "ort&a&e. So ! would
su&&est the $a#+ to educate the people a$out re'erse "ort&a&e throu&h
ad'ertise"e#ts% co#ducti#& wor+shops a#d lectures o# re'erse "ort&a&e etc.
7 Ta+e respo#si$ilit( for the e