Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of…
A Gist of of RBI guidelines regarding Facility for Exchange of Soiled Notes and exchange of mutilated Notes by Banks is…
Definition of MSME [Micro, Small & Medium Enterprises] as per The Micro, Small & Medium Enterprises Development Act 2006. An…
We have explained below what is primary security and what is collateral security and how these are different. Also…
Pre-shipment Finance or Packing credit is a type of credit facility (loan), available for exporters. The advance is provided for…
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 (CGFMU) was notified by Govt. on 18th April 2016 and has been made effective…
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…
Advances to individuals As per RBI guidelines, Banks may grant advances against the security of shares, debentures or bonds to…
Reserve Bank of India, on 29th September, 2016 directed banks and financial institutions to publish photographs of only wilful defaulters…