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Start learning 50% faster. Sign in nowCERSAI or Central Registry of Securitisation Asset Reconstruction and Security Interest of India, has been established as a company under section 8 of the Companies Act, 2013 by the Government of India. CERSAI was formed to identify and check fraudulent activity in lending transactions against equitable mortgages. In other words, the CRESAI was established to discourage and prevent the practice of taking out various loans from several banks using the same asset or property. Any bank, financial institution or an individual can access the registration platform of CERSAI for a certain fee. By registering themselves with CERSAI, the lenders can pull up the information on an asset or property to validate that whether any previous security interest has been created by a different lender ( banks, financial institutions etc.) in the past. Usually, this is done before the sanction of a loan to a borrower. This is exceptionally beneficial for the genuine buyers of the property, as CERSAI permits them to pull up all the relevant information from the registry to check whether the property in which they are interested in free of any liability that may have been created by another lender.
Which among the following is/are NOT covered under the insurance cover issued by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
Based on the above information, what will be the operating profit margin of the company?
Under call money market, funds are transacted on an overnight basis and under notice money market, funds are transacted for a period between _________?
An account that a correspondent bank holds on behalf of another bank is called:
What was the estimated total business of State Bank of India (SBI) in FY24?
In which of the following facility the borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again?
Which of the following types of borrowers are eligible for credit under the Priority Sector Lending (PSL) guidelines?
Under the revised Basel III Capital Regulations, what is the maximum limit for which banks can obtain fresh credit ratings from the specified CRA for ba...
Calculate Proprietary Ratio
Which of the following is a disadvantage of project finance?
