Question
Where the aggregate exposure of the banking system is
₹5 crore or more, borrowers can open current accounts with any one of the banks with which it has CC/OD facility, provided that the bank has at least ………………………………….of the aggregate exposure of the banking system to that borrowerSolution
Opening of Current Accounts for borrowers availing Cash Credit/ Overdraft Facilities from the Banking System For borrowers, where the aggregate exposure of the banking system is less than ₹5 crore, banks can open current accounts without any restrictions, subject to obtaining an undertaking from such customers that they (the borrowers) shall inform the bank(s), if and when the credit facilities availed by them from the banking system becomes ₹5 crore or more. Where the aggregate exposure of the banking system is ₹5 crore or more: Borrowers can open current accounts with any one of the banks with which it has CC/OD facility, provided that the bank has at least 10 percent of the aggregate exposure of the banking system to that borrower. In case none of the lenders has at least 10 percent of the aggregate exposure, the bank having the highest exposure among CC/OD providing banks may open current accounts.
Which section of SARFAESI Act provides for registration of asset reconstruction company?
Doctrine of Res gestae is an exception to?
Section 74 of the Contract Act lays down provisions relating to compensation for breach of contract where ______________
A dying declaration is_______.
According to Article 44 of the Constitution of India:
According to the SEBI Act the Securities Appellate Tribunal shall________________
Which of the following best describes defamation?
In which of the following cases it was held that the witness is not bound by the statement made before the relevant authority?
What are the various modes for the recovery of the amount of debt as specified in the certificate u/s 19 of the Recovery of Debts and Bankruptcy Act?
Service of summons on a male member of defendant’s family is ________