Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a …
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a …
Right of Set Off Set off is the right to combine two or more accounts having debit and credit balance. It is not defined in any Act. This right arises when two parties are debtor as well as creditor to …
Lien is the right of creditor to retain possession of goods and securities belonging to the debtor till the debts due to him (creditor) are paid. This right is available only on goods and securities and not on balances in …
1. Statutory Liquidity Ratio is maintained as per section 24 of Banking Regulation Act. 2. As per amendment to section 24 of the Banking Regulation Act, the provision relating to maintenance of minimum SLR of 25% of NDTL has been …
1. Scheduled Commercial Banks are required to maintain GRR as per section 42(1) of RBI Act. 2. Banks are required to maintain certain percentage of Net Demand & Time Liabilities as cash with RBI. 3. With effect from 1st April …
Reserve Bank of India Act, 1934 Reserve Bank of India Act, 1934 came into force on 01.04.1935. RBI was established on the recommendations of the Hilton Young Commission. Section 4 : The capital of RBI shall be 5 crores of …