Articles
CERSAI Registration after 30 Days/ 60 Days – Procedure
Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of…
Exchange of Soiled and Mutilated Notes – RBI Guidelines
A Gist of of RBI guidelines regarding Facility for Exchange of Soiled Notes and exchange of mutilated Notes by Banks is…
Micro, Small & Medium Enterprises
Definition of MSME [Micro, Small & Medium Enterprises] as per The Micro, Small & Medium Enterprises Development Act 2006. An…
What is Collateral Security and Primary Security
We have explained below what is primary security and what is collateral security and how these are different. Also…
What is Pre-Shipment Finance or Packing Credit?
Pre-shipment Finance or Packing credit is a type of credit facility (loan), available for exporters. The advance is provided for…
How DA is calculated for Bank employees?
DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index. Consumer…
Credit Guarantee Fund for Micro Units (MUDRA)
Credit Guarantee Fund for Micro Units (CGFMU) was notified by Govt. on 18th April 2016 and has been made effective…
Interest on PPF & other Small Saving Schemes Decreased
Interest on PPF has been reduced by 0.10% w.e.f. 1st October 2016 from 8.10% to 8.00%. Besides PFF, rate of…
Loans and Advances against Shares, Debentures and Bonds – RBI Guidelines
Advances to individuals As per RBI guidelines, Banks may grant advances against the security of shares, debentures or bonds to…
Publish photographs of only Wilful Defaulters – RBI
Reserve Bank of India, on 29th September, 2016 directed banks and financial institutions to publish photographs of only wilful defaulters…