Everything About Archive
Immediate Payment Service (IMPS)
Immediate Payment Service (IMPS) is a robust and real time payment service that has transformed the payments and settlements systems in India. The facility was launched by the National Payments Corporation of India (NPCI) on 22nd November,
23 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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LTRO – Long Term Repo Operations by RBI
LTRO, Long-term repo operations, is a new liquidity tool announced by the Reserve Bank of India to stimulate the Indian economy. RBI, the central Bank of India, announced the measures on 6th February, 2020. LTROs are effectively
General Lien and Particular Lien
Lien is defined as the right possessed by a person to retain or detain the goods or property belonging to another person for the non-fulfillment of an obligation by that other person. Two kinds of lien are
Repo Rate (Policy Rate) and Reverse Repo Rate
Repo Rate and Reverse Repo Rate are the two most important short term quantitative credit control techniques adopted by the Reserve Bank of India, as the central bank of India. Quantitative credit controls are adopted by RBI
Masala Bond –Rupee Denominated Bond
Masala bond represents Rupee denominated borrowings made by Indian entities from overseas markets. Indian hotels and cuisines are famous in many foreign countries and one of the major attractions is the flavor of masala. This made them
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
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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
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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
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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