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…
(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…
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…