It is of utmost importance to obtain appropriate and correctly executed security documents before disbursing an advance to borrowers. In case the borrowers fail to repay, the recovery of Bank's dues, banks will mainly depend upon the enforcement of the security. Banks should, … [Read more...] about DOCUMENTATION PROCEDURE IN LOAN ACCOUNTS
लोक अदालत
बैंक में बढ़ते एनपीए और बकाये की वसूली की धीमी प्रक्रिया बैंकों के लिए महत्वपूर्ण चिंता का विषय है। लोक अदालत एक ऐसा मंच है जो विवादों के निपटारे में महत्वपूर्ण भूमिका निभाता रहा है। लोक अदालत बिना अदालतों का सहारा लिए न्याय दिलाने की एक प्रक्रिया है। इसकी प्रक्रिया स्वैच्छिक है … [Read more...] about लोक अदालत
LOK ADALAT
The mounting of NPAs in the Bank and tardy recovery process of the dues is important concern for the Banks. Lok Adalat is one of the forums which has been playing an important role in settlement of disputes. Lok Adalat is a process of administering justice without resorting to … [Read more...] about LOK ADALAT
Debts Recovery Tribunals (DRTs) & Appellate Tribunals (DRATs)
Banks and financial institutions have been experiencing considerable difficulties in recovering loans and enforcement of securities charge with them. The procedure for recovery of debts due to the banks and financial institutions, which is being followed, has resulted in a … [Read more...] about Debts Recovery Tribunals (DRTs) & Appellate Tribunals (DRATs)
HISTORY, STRUCTURE AND FUNCTIONS OF RBI
BRIEF HISTORY OF RBI The Reserve Bank, as the central bank of the country, started their operations as a private shareholder’s bank. RBI replaced the Imperial Bank of India and started issuing the currency notes and acting as the banker to the government. Imperial Bank of India … [Read more...] about HISTORY, STRUCTURE AND FUNCTIONS OF RBI