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Opinion on Idea of Bad Bank, and it’s benefit for Public Sector Banks – The Indian Banks’ Association, IBA has requested the Government to set up a ‘Bad Bank’ to reduce the impact of the losses banks will face because of higher provisioning for Non performing Assets, NPAs. What is Bad Bank ? It is […]
MSMEs do not need fresh loans – This is strange but true, they do not need any loan even with the Government Guarantee. The major reason,they are not sure how much demand will be there for their products when they resume business activity. They are more concerns about demand generation than loan requirements. Micro, small […]
Find Bank Account Number, Routing Number Digits of all the banks in United states – Banks in United states are free to use any length of digits as account number. Each and every banks are having different length of account numbers. There is a mandatory requirement about the length of the account number, if those […]
Debt To Income Ratio For A Mortgage loan – you always pay your debt on time and your credit score is considerably high. You are very much sure about getting a home loan or mortgage loan from any banks, but not necessarily. Your loan application for mortgage may be rejected based on your debt to […]
Mutual fund investor safety – Incase of mistake or due to blatant violation of rules by a fund house, Can an Indian mutual fund investor get his money back if he loses it ? The question surfaced after recent turmoil of global fund management giant Invesco or Franklin Templeton. Invesco had to pay back $105 million […]
Bankruptcy Code suspension for one year, announced by the finance minister of India under COVID-19 relief package. It is done to provide relief to the companies from failing in commitment of repayment. It means companies are now not dragged into tribunals at a time during a year. Government will bring an Ordinance to implement it. […]
FASTag Double Penalty For Wrong Lane driving at Toll Plaza – The Ministry of Road Transport and Highways has issued notification for amendment in the National Highways Fee (Determination of Rates and Collection) Rules, 2008 which provide that if a vehicle which is not fitted with FASTag or the vehicle is without a valid or functional […]
Collateral free loans under Government Rs 20 lakh crore stimulus package – If you believe on the analysis of Bank of America (BofA Securities), Government-owned banks’ non-performing assets (NPA) could go up by 2-4 percent of the credit in the present COVID pandemic scenario. The real onus of rolling out this 20 lakh crore economic […]
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