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.
Council of Ministers aid and advise the President who _______act in accordance with such advice.
Section 66 of the Chhattisgarh Excise Act 1915 relates to:
Under Section 17 of the Registration Act, 1908, which of the following documents is NOT compulsorily registrable?
Which doctrine does Vicarious Liability follow, involving the responsibility of a superior for the acts of its subordinate?
Who among the following is author of the book ‘Law of Tort’?
Under the Contract Act the promise in a contract of indemnity, acting within the scope of his authority, is entitled to recover from the promisor_______...
The body of crime is represented by which common Latin Phrase?
In a suit against the Central Government the authority to be named as defendant is:
If the number of partners in an LLP is reduced below 2 and LLP carried out business for more than 6 months_____.
If the services of an employee have been terminated for riotous or disorderly conduct or any other act of violence on his part, the gratuity payable to ...
