What is RuPay card?

RuPay cards are gaining momentum as a domestic card payment network in India. The RuPay cards payment network is similar to international payment card networks like Visa International and MasterCard. The National Payment Corporation of India (NPCI), a Government of India undertaking, has launched RuPay cards in March 2012.  Since its inception, this domestic network has started…

Principles of Lending

The principles of lending revolve mainly around the concepts of safety, profitability and liquidity of advance. The criteria for lending get changed or modified from time to time in response to changing the state of the economy. Traditionally commercial banks in India used to provide security oriented finance to trade and industry. Big industrial houses and…

Types of Mortgage of immovable properties in India

(This post explains the essence of Mortgage of properties and several forms of mortgage of immovable properties in India viz. Equitable Mortgage, Simple Mortgage, English mortgage,  Mortgage by conditional Sale, Usufructuary Mortgage, and Anomalous Mortgage which are major types of mortgage systems currently existent in India.) The essence of Mortgage of  properties: The transfer of…

How bankers establish their right over assets of the borrower?

The charge creation means establishment of lender’s right to recover from the specified assets of the borrower, in case the recovery is difficult in normal course. The mode of bank charge on different securities depends upon nature of facility and type of security. Banks grant loan or extend CC facility against marking lien on term…

How to recover through SARFAESI ACT 2002?

(This article gives the details like rights of secured creditors, Application of mind and care is required in the service of notice of SARFAESI DEMAND NOTICE, POSSESSION NOTICE & SALE NOTICE, Special care to be taken while taking possession of movable properties, method of sale of secured property by way of inviting tenders from the public or by…

Domestic and International Credit Rating Agencies

With  a  view  to  match  the global capital measures and capital standards prescribed by the  Basel Committee  on  Banking  Supervision  (BCBS)  framework, Reserve  Bank  of  India   introduced  a  risk  asset  ratio  system  for  banks  (including  foreign  banks)  in  India  as  a  capital  adequacy  measure. The Basel code  on  capital  adequacy   stipulates how much capital a…