Question
Under which Act is the legal framework for the recovery
of debts by banks and financial institutions governed?Solution
the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 governs the recovery of debts by banks and financial institutions. This statute empowers banks and financial institutions to recover debts due to them by initiating legal proceedings before the Debt Recovery Tribunals. The Act provides a specialized mechanism for the expeditious adjudication and enforcement of debt recovery matters, ensuring timely resolution of disputes between banks/financial institutions and their borrowers.
The difference in the standards and the actual figures are known as:
What does an ethical board promote in terms of accountability and transparency?
…………. refers to a plan relating to a definite future period of time expressed in monetary or quantitative terms.
...Calculate the interest coverage ratio of a company is it reported Net profit after tax of Rs.60,000, falls under 40% Tax rate and has 15% Debentures of ...
In organisational behaviour, what perspective supports the belief that employee behavior is in large part based on own personal feelings, interaction...
S, an entity had 500 units of product X at 30 June 2015. The product had been purchased at a cost of $18 per unit and normally sells for $24 per unit. R...
When a borrower opts for an insurance policy in connection with a loan, it is a case of _______
What is a likely characteristic of someone who scores high in conscientiousness?
Which of the following is a measure of the discount factor used to appraise capital investment decisions?
In the context of the Central Limit Theorem (CLT), which of the following statements is correct?
