According to media reports, State Bank of India and Punjab National Bank are exploring possibilities to move out from 11th Bipartite Settlement. SBI and PNB are exploring to move to performance linked variable pay structure. SBI is looking to give stock option plans to its employees to retain talent. Punjab Read more…
Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where to obtain guarantee cover for such Mudra Units? CGTMSE of CGFMU? Credit Guarantee Trust for Micro & Small Enterprises (CGTMSE) has issued circular (117/2016-17) regarding modifications due to introduction of Read more…
Limitation period for recovery of Debt in India is governed by the Limitation Act, 1963. The Limitation Act, 1963 specifies certain prescribed period within which any suit appeal or application can be made. A banker is allowed to take legal action by filing a suit, prefer an appeal and apply Read more…
Difference between Consortium Banking and Multiple Banking is explained in this article What is Consortium Banking or lending under Consortium arrangement? Under consortium banking arrangement, more than one bank provides finance to a single borrower but chose one of the lender (having highest share) as consortium leader. Regular meetings are Read more…
There are some sectors of the economy, which may face difficulty in getting timely and adequate credit. To facilitate these sectors easy and timely credit, Reserve Bank of India (RBI) has directed banks to provide a specified portion of their lending should be priority sector lending, i.e., lending to few Read more…
See: Expected DA for Bank Employees from February 2016 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. CPI for the month September 2016 was announced on 31st October 2016, which is 277. CPI for July 2016 and August 2016 were 278 and Read more…
‘Term Loan Appraisal’ technique is explained in this article. Terms Loans are granted to finance Capital Expenditure like plant & machinery, land and building or setting up an entire unit. Term Loans have a specific repayment period and are generally repayable in installments. Cash generating capacity of the unit is Read more…
Consequences of wilful default and penal measures for wilful defaulters are explained in this article. [You should consider reading Meaning of wilful defaulters and procedure for identification of wilful defaulters] What are the Penal Measures for willful defaulters? Names of wilful defaulters are made public. List of wilful defaulters is Read more…
You must have come across the term ‘Wilful Defaulter’ or if you have worked on credit desk of a bank, you should have heard ‘Wilful Defaulter List’. So, who is a wilful defaulter, where can you find wilful defaulter list and the procedure and mechanism to identify wilful defaulters is explained Read more…
Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of mortgage. [Also read Procedure for Filing the Delay Condonation Application with CERSAI for delay ] So if someone has taken a housing loan or offered a property as collateral security in Read more…