Author Archive
Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY): Enrolment to Claim Processes
Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY) and Pradhan Mantri Suraksha Bima Yojna (PMSBY) are two social security schemes dedicated to the nation by Prime Minister on May 9, 2015. The schemes provide low cost insurance to
Digital Banking: Definition and Evolution
Digital banking is a term that conveys different meaning to different stakeholders. For customers, digital banking means enjoying the benefits of innovation and convenience. For financial institutions including banks, digital banking is better customer satisfaction, more business
Digital Banking: Different Channels, Objectives and Advantages
Digital banking is the process of ensuring customer delight by offering various services and products through digital channels. Digital Banking: Definition and Evolution What are the objectives of digital banking? By offering digital banking facility, banks aim
Pradhan Mantri Mudra Yojana (PMMY) and MUDRA Bank
Pradhan Mantri Mudra Yojana (PMMY) is a scheme announced by Central Government for ensuring loans to enterprises in manufacturing, trading and service sectors whose credit needs are below Rs.10L. Farm income generating activities are excluded from the
NHB Residex, House Price Index and National Housing Bank
NHB Residex is a benchmark that measures the price changes of residential housing in Indian cities. A House Price Index (HPI) basically tracks housing price indicators in a city or state or country. NHB Residex and National
Micro, Small and Medium Enterprise: Classification and Original investment- MSMED Act, 2006
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 was enacted to meet the long standing demand from entrepreneurs and small industry associations. This was the first and single comprehensive legislation for micro, small and medium enterprises.
Marketable Title of Property and Derivation of Title for 30 Years
Banks accept immovable properties such as land, land with building and apartment with marketable title as security for the loans and other credit facilities sanctioned to various borrowers. Securities are insisted to ensure that the banks recover
Owning a House Is a Celebration- Purposes For Which Housing Loans Are Sanctioned
Why Housing Loans are important? Shelter is one of the three basic needs of life, the other two being food and clothing. With the population explosion and migration of unemployed people from rural areas to industrial areas
Simple Mortgage, Equitable Mortgage and Bank Loans
In the article Different Types of Mortgages and Bank Loans, we read that Section 58 of the Transfer of Property Act mentions six kinds of mortgages. Of these mortgages, banks generally prefer mortgage by deposit of title
Matters to be considered while purchasing land or house
We have seen the process involved in ensuring the legal title of a seller in the article How Do We Ascertain The Clear Title Of The Seller Of A Property? There are certain other precautions to be