Bank Loans Archive
MCLR -Marginal Cost of Funds Based Lending Rate
MCLR, Marginal Cost of Funds Based Lending Rate System interest regime came into effect on April 1, 2016. This was a refined version of Base Rate system announced by RBI to further enhance the transparency of credit
31 Mar 19
CategoryBanking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions
No Comment
Read More
Lending Rates- PLR, BPLR and BR- An Overview
The interest rate on lending was de-regulated by RBI in October 1994. This was as part of the financial sector reforms initiated in India in 1991. Since 1994, RBI has introduced various benchmarks and guidelines with regard
31 Mar 19
CategoryBank Loans- General, Banking Terms, Banking Terms - Loans, Quick Reference, Regulators & Institutions
One Comment
Read More
Lending Interest Rate and Challenges – RBI Vs Banks
Transmission of changes in policy interest rate announced by the Reserve Bank of India (RBI) to market and borrowers by reduction in lending interest rate has always been a bone of contention between RBI and Banks since
External Benchmarking of Interest Rates
Fixing interest rate in relation to an external benchmark was proposed by RBI while announcing the monetary policy review held on December 5, 2018. Banks were suggested to adopt this method for new floating rate loans extended
Hypothecation And Safeguards By Banks
Hypothecation is the most famous method adopted by banks in India for security creation. This method is adopted while extending cash credits for raising working capital and term loans for acquiring movable assets. Hypothecation as a method
26 Mar 19
CategoryBanking Terms - Loans, Everything About, Legal Terms and Matters
No Comment
Read More
Pledge, Pledgor, Pledgee And Bank Loans
Pledge is a popular method adopted in banking to create charge on a security. It is a specific form of bailment. Pledge is defined under the Indian Contract Act as a form of bailment of goods where
25 Mar 19
CategoryBanking Terms - Loans, Everything About, Legal Terms and Matters
One Comment
Read More
Bailment, Bailor And Bailee
Bailment is defined in Section 148 of The Indian Contract Act 1972.As per the definition, bailment is delivery of goods by one person to another for some purpose upon a contract that they shall, when the purpose
25 Mar 19
CategoryBanking Terms - Loans, Everything About, Legal Terms and Matters
No Comment
Read More
Types of stamps and stamping methods
Indian Stamp Act,1899, a revenue legislation governs the stamping of documents and instruments. The Act also stipulates the instruments that are chargeable with stamp duty. The governing norm regarding stamp duty is that all instruments liable for
Security Interest Registration & CERSAI
The Central Registry of Securitization, Asset Reconstruction and Security Interest of India (CERSAI) is a Central Registration System set up under Chapter IV of the SARFAESI Act. It was incorporated with the intention of capturing details of
Kerala State Government Employees Fresh Housing Loans under HBA Scheme
Kerala State Government Employees were entitled for Housing Loans under House Building Advance (HBA Scheme) till July 2018. Thereafter, the Government of Kerala directed the employees to approach scheduled commercial bank / NBFCs working in the state