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Start learning 50% faster. Sign in nowThe 5:25 scheme allows banks to extend long-term loans of 20-25 years to match the cash flow of projects, while refinancing them every 5 or 7 years. Under SDR, banks who have given loans to a corporate borrower gets the right to convert the full or part of their loans into equity shares in the loan taken company. While RBI’s earlier ideas to resolve bad loans such as Strategic Debt Restructuring (SDR) required banks to oust existing promoters, S4A allows the incumbent management to continue, as long the default isn’t wilful. Prompt Corrective Action is a system of RBI under which it can initiate a corrective action in case of a bank which is found to be having low capital adequacy or high Non-performing Assets. These are called Trigger Points. RBI takes such action when Capital Adequacy Ratio goes down to less than 9% and Non-Performing Assets go up to more than 10%. Further, if return on assets us below 0.25%; this also serves as a trigger point to Prompt Corrective Action.
“Meeting of minds” is an essential element of this offence
Registration of Firm does not create Partnership, but is only the evidence of “Partnership:
Recovery of Debts and Bankruptcy Act provides that a person shall be qualified for appointment as the Chairperson of an Appellate Tribunal if he _______...
In which of the following cases, Supreme Court reaffirmed a Muslim woman's claim to alimony and declared that everyone, regardless of religion, is subj...
Which of the following principles of A.V Dicey rejects arbitrariness in administrative actions?
As per section 7 of the IBC who is considered as an applicant.
Section 74 of the Contract Act lays down provisions relating to compensation for breach of contract where ______________
According to the Banking Regulation Act, 1949 what is the requirement of minimum paid-up capital in case of a banking company incorporated outside India?
Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is__________________
The doctrine of Sustainable development was propounded in the case of?