Non-Performing Assets are loans or advances that have defaulted or are past due. When principal or interest is due or is not, debt is past due. When the lender anticipates that the loan will be terminated and the borrower won’t be able to fulfill their commitments, the loan is said to be in default. The […]
Category Archives: Banking
Bank Locker: Here’s everything you should know to protect your assets!
A bank locker is an important way to securely store valuable items such as jewelry, documents, and other important possessions. A bank locker is a safe deposit box that is typically available for rent at a bank or other financial institution. These boxes are typically used to store valuable items such as jewelry, documents, and […]
What exactly is a foreign institutional investor?
Foreign institutional investors are the full version of FII. They are organisations formed or registered outside of India that make investment offers in India. Such offerings are often made on behalf of sub-accounts by overseas institutional investors, which can contain international businesses, individuals, and funds.
All To Know About Payment Banks
A financial institution that isn’t a financial institution. This is the core notion underlying the specific form of a Payments Bank. To realize the vision of virtual India, the Reserve Bank of India created the notion of bill banks to increase the penetration of monetary products utilizing reaching areas where actual banks cannot.
All to know about Demand Draft (DD)
Know all about Foreign Exchange Management Act (FEMA)
Have you ever considered why the government needs foreign currency while the people remain in India? Consider someone who lives in India and wishes to travel abroad for work, travel, education, migration, or any cause that necessitates the use of foreign currency. Similarly, if someone lives outside of India and wants to visit here for […]