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 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 Read more…
Particulars of equitable mortgage of immovable properties are required to be filed with CERSAI within 30 days of creation of mortgage. If charge is not filed with CERSAI within 30 days, following is the procedure for filing charge (CERSAI registration) Read more…
A Gist of of RBI guidelines regarding Facility for Exchange of Soiled Notes and exchange of mutilated Notes by Banks is given below: Facility for exchange of notes and coins at bank branches All branches of banks in all parts of Read more…
Over 32 lacs debit cards issued by Axis Bank, SBI, HDFC Bank, ICICI Bank and Yes Bank have been compromised after being used in some automated teller machines (ATMs). Reserve Bank of India (RBI) has asked all the banks to Read more…
Definition of MSME [Micro, Small & Medium Enterprises] as per The Micro, Small & Medium Enterprises Development Act 2006. An enterprise is micro Enterprise if investment in plant and machinery does not exceed Rs.25 lacs if engaged in manufacturing or Read more…
We have explained below what is primary security and what is collateral security and how these are different. Also Read: What is mortgage and types of mortgages What is primary security? In simple terms, Primary Security is that asset Read more…
Pre-shipment Finance or Packing credit is a type of credit facility (loan), available for exporters. The advance is provided for financing the purchase of raw material, processing, manufacturing or packing of goods required before shipment of goods and for meeting Read more…
DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index. Consumer Price Index is released by Ministry of Labour, Govt. of India on monthly basis ). Here is how to calculated Read more…
A.P. (DIR Series) Circular No. 05 October 06, 2016 Import Data Processing and Monitoring System (IDPMS) Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No.65 dated April 28, 2016 read with Section Read more…