Banks in India are reeling from the overhang of bad loans on their books across both the public and private sector. After a prolonged period of stress, which saw the gross non-performing assets (GNPA) of scheduled commercial banks rising drastically. The Reserve Bank of … [Read more...] about EARLY WARNING SIGNALS (EWS) AND RED FLAGGED ACCOUNTS (RFA)
GARNISHEE ORDER & ATTACHMENT ORDER
GARNISHEE ORDER A Garnishee Order is an order issued by a court under provisions of Order 21, Rule 46 of the Code of Civil Procedure, 1908. The concept of 'Garnishment' has been introduced in civil procedure code by the Amendment Act, 1976, and is a remarkable piece of … [Read more...] about GARNISHEE ORDER & ATTACHMENT ORDER
CIBIL SCORE, CREDIT INFORMATION REPORT & CREDIT INFORMATION COMPANIES (CICS) IN INDIA
Your CIBIL Score is an evaluation of your credit history for determination of your loan eligibility. With many applicants looking for a loan, banks were increasingly finding it difficult to carry out intensive background checks regarding the credit-worthiness of the applicant. A … [Read more...] about CIBIL SCORE, CREDIT INFORMATION REPORT & CREDIT INFORMATION COMPANIES (CICS) IN INDIA
NATIONAL URBAN LIVELIHOODS MISSION (NULM)
Government of India, Ministry of Housing and Urban Poverty Alleviation has restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY) and launched the NULM w.e.f. 24.09.2013. Scheme is operative in all districts headquarters irrespective is population and all cities … [Read more...] about NATIONAL URBAN LIVELIHOODS MISSION (NULM)
INFORMATION SECURITY IN ELECTRONIC BANKING
Internet banking has become one of the fastest and easiest way of banking. Information security issue is the most important one in using Internet and it becomes more crucial while implementing the Internet in banking sectors. This research revealed a lot of risks and threats to … [Read more...] about INFORMATION SECURITY IN ELECTRONIC BANKING