Factoring finance in India Factoring is one of the upcoming sources of finance for SMEs in India. It is particularly, relevant if a company is growing daily and when new customers are added regularly; there are chances of ending up with huge invoices. This problem often directs … [Read more...] about FACTORING FINANCE- AN OVERVIEW
THE LAW OF LIMITATION
Banks and financial institutions finance the borrower after executing the security documents. On default of the loan, the bank and FI have to initiate recovery action and file suit against the borrower. The recovery act and court only permit action if the claim is within the … [Read more...] about THE LAW OF LIMITATION
DOCUMENTATION PROCEDURE IN LOAN ACCOUNTS
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
INTRODUCTION The mounting of NPAs in the Bank and the tardy recovery process of the dues is an important concern for the Banks. Lok Adalat is one of the forums which has been playing an important role in the settlement of disputes. Lok Adalat is a process of administering … [Read more...] about LOK ADALAT