Question
If an ad-hoc credit limit sanctioned by a bank is not
reviewed and the account shows no activity, when does it become an NPA?Solution
As per RBI norms, if ad-hoc/regular credit limits are not reviewed or renewed within 180 days, the account is treated as an NPA. (For CC/OD accounts, “no credits for 90 days” makes it out of order.)
The Fund of the SEBI shall be applied for
When principal may revoke agent's authority as per the Contract Act?
Section 39 defines the word “voluntarily” with reference to:
The provisions of ______ mortgage shall apply to a Mortgage by deposit of title deeds
If the offence be punishable with imprisonment as well as fine, in case of default of payment of fine, the Court may direct imprisonment for a term whic...
No banking company shall have in its Board of directors, ______________ directors who are directors of companies which among themselves are entitled to ...
Where, without delivering possession of the mortgaged property, the mortgagor binds himself personally to pay the mortgage-money, in the event of his f...
What is the penalty for fraudulent and unfair trade practices related to securities under Section 15HA of the SEBI Act?
According to the given definition, who is considered an "adult" under the Occupational Safety, Health and Working Conditions Code?
The obligation under s.126 of the Indian Evidence Act________.
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