A home loan is a secured loan that is obtained to purchase property by offering property to be purchase as collateral. Looking at current property rates in different cities and states in India, it may be not possible for middle class or upper middle class buyer to purchase property for own source of funds. So […]
The Reserve Bank of India (RBI) has recently implemented regulatory measures aimed at addressing the rapid growth in consumer credit and the increasing dependency of Non-Banking Financial Companies (NBFCs) on bank borrowings. In a statement dated November 16, 2023, Governor Vaibhav Chaturvedi highlighted the need for banks and NBFCs to strengthen their internal surveillance mechanisms […]
Reserve Bank of India has release a master circular for all primary urban co operative banks regarding Income Recognition, Assets Classification, Provisioning & Other Relates Maters 1.1 In order to reflect a bank’s actual financial health in its balance sheet and as per the recommendations made by the Committee on Financial System (Chairman Shri M. […]
The SARFAESI Act full form is – “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. The SARFAESI Act allows banks and other financial institutions for auctioning commercial or residential properties to recover a loan when a borrower fails to repay the loan amount. Thus, the SARFAESI Act, 2002 enables banks to […]
