GENERAL BANKING Archive
GST council announces changes and date extensions for GST return filing
GST rate cut was the major announcement made by the Goods and Services Tax Council in its 23rd meeting in Guwahati. Apart from that a number of measures were also announced to ease compliance norms with regard
Aadhaar Seeding – NPCI Clarification on Explicit Consent of Customer
Aadhaar linking with bank accounts and Aadhaar seeding Aadhaar seeding is the process of including the Aadhaar number in the database of service providers to enable transfer of money, subsidy amount or any other government benefit to
Legal Entity Identifier (LEI)- Corporate Borrowers and OTC Participants
Reserve Bank of India(RBI) has instructed banks to ensure that all their large borrower entities obtain the Legal Entity Identifier in a phased manner. According to the directive all corporate borrowers enjoying fund based and non-fund based
Filling up of a blank cheque need not be material alteration
Reference Order by the High Court of Gujrat in the case of Nikhil P. Gandhi vs. State of Gujarat – CDJ 2016 GHC 071 Back Ground: The applicant was an ex- Managing Director of a company. The
Savings Bank (SB) account interest rate cut: More Banks reduce rate
Savings Bank interest rate cut initiated by State Bank of India (SBI) has prompted other banks too to take similar step. Taking a cue from the announcement by SBI, four other major banks have announced reduction in
Pradhan Mantri Mudra Yojana (PMMY) and MUDRA Bank
Pradhan Mantri Mudra Yojana (PMMY) is a scheme announced by Central Government for ensuring loans to enterprises in manufacturing, trading and service sectors whose credit needs are below Rs.10L. Farm income generating activities are excluded from the
NHB Residex, House Price Index and National Housing Bank
NHB Residex is a benchmark that measures the price changes of residential housing in Indian cities. A House Price Index (HPI) basically tracks housing price indicators in a city or state or country. NHB Residex and National
Micro, Small and Medium Enterprise: Classification and Original investment- MSMED Act, 2006
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 was enacted to meet the long standing demand from entrepreneurs and small industry associations. This was the first and single comprehensive legislation for micro, small and medium enterprises.
Marketable Title of Property and Derivation of Title for 30 Years
Banks accept immovable properties such as land, land with building and apartment with marketable title as security for the loans and other credit facilities sanctioned to various borrowers. Securities are insisted to ensure that the banks recover
Matters to be considered while purchasing land or house
We have seen the process involved in ensuring the legal title of a seller in the article How Do We Ascertain The Clear Title Of The Seller Of A Property? There are certain other precautions to be