Question
What does property mean as per section 2(jb) of the
Recovery of Debts Due to Banks and Financial Institutions Act, 1993?Solution
Property means immovable property; movable property; any debt or any right to receive payment of money, whether secured or unsecured; receivables, whether existing or future; intangible assets, being know-how, patent, copyright, trade mark, licence, franchise or any other business or commercial right of similar nature, as may be prescribed by the Central Government in consultation with Reserve Bank.
Recently India and which country has signed a MoU relating to renewal of Cultural Exchange Progarmme (CEP) for the period 2022-26?
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Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than.
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The central government has inked a pact with multi-lateral funding agency Asian Development Bank for USD 61 million (around Rs 454 crore) loan to fund d...