Lending

Bank to pay Rs.1 lac for not informing Rejection of LoanBank to pay Rs.1 lac for not informing Rejection of Loan

Bank to pay Rs.1 lac for not informing Rejection of Loan

State Consumer Disputes Redressal Commission, Maharashtra directed Bank of Baroda to pay Rs.1 lac as compensation for not informing the…

8 years ago
Difference between first charge and second chargeDifference between first charge and second charge

Difference between first charge and second charge

Difference between first Charge and 2nd Charge and pari passu charge has been explained in this article. Meaning of Charge…

7 years ago
Lowest interest on home loanLowest interest on home loan

Lowest interest on home loan

Looking for a housing loan? But not sure, which bank is offering Lowest Interest on home loan? Here we have compared…

8 years ago
CGTMSE Cover Limit increased to Rs.2 CroresCGTMSE Cover Limit increased to Rs.2 Crores

CGTMSE Cover Limit increased to Rs.2 Crores

On 31st December 2016, Prime Minister announced that coverage under Credit Guarantee Scheme will be increased to Rs.2 crores. Till…

7 years ago
Micro Units – where to cover? CGTMSE or CGFMUMicro Units – where to cover? CGTMSE or CGFMU

Micro Units – where to cover? CGTMSE or CGFMU

Guarantee cover for manufacturing and service Mudra Units is available under CGFMU as well as CGTMSE eligible. So, from where…

7 years ago
Difference between Consortium Banking and Multiple BankingDifference between Consortium Banking and Multiple Banking

Difference between Consortium Banking and Multiple Banking

Difference between Consortium Banking and Multiple Banking is explained in this article What is Consortium Banking or lending under Consortium…

7 years ago
Priority Sector LendingPriority Sector Lending

Priority Sector Lending

There are some sectors of the economy, which may face difficulty in getting timely and adequate credit. To facilitate these…

7 years ago
‘Term Loan Appraisal’ Technique‘Term Loan Appraisal’ Technique

‘Term Loan Appraisal’ Technique

'Term Loan Appraisal' technique is explained in this article. Terms Loans are granted to finance Capital Expenditure like plant &…

2 years ago
What are the Penal Measures for willful defaulters?What are the Penal Measures for willful defaulters?

What are the Penal Measures for willful defaulters?

Consequences of wilful default and penal measures for wilful defaulters are explained in this article.  [You should consider reading Meaning of…

2 years ago
Wilful Defaulters – RBI guidelinesWilful Defaulters – RBI guidelines

Wilful Defaulters – RBI guidelines

You must have come across the term 'Wilful Defaulter' or if you have worked on credit desk of a bank, you…

5 years ago