What is Profit Maximization?
Main aim of any kind of economic activity is earning profit. A business concern is also functioning mainly for the purpose of earning profit. Profit is […]
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What is social contract theory?
Social contract theory In addition to these theories the social contact theory views society as a contrivance deliberately set up by men for certain ends. […]
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Electronic fund transfer
Banking operations over the years and decades have witnessed many changes and have been adopting from time to time new innovations. The technological revolution especially […]
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What is Syndicated credit?
The syndicated credit is a loan offered by a group of banks to a borrower. The lenders give loan/s against a common loan document specifying […]
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What is Anomalous mortgage?
According to Section 58(g) of the Transfer of Property Act, ‘a mortgage which is not a simple mortgage, a mortgage by conditional sale and usufructuary […]
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what is usufructuary mortgage?
According to Section 58(d) of the Transfer of Property Act, ‘a Usufructuary mortgage is a transaction in which (a) the mortgagor delivers possession expressly, or […]
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Hypothecation over Securities
What is ‘Hypothecation”? The term “Hypothecation’ means a charge created on any movable asset/property, for a loan borrowed by the owner of goods/movable assets (existing […]
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General principles of secured advances
While granting advances on the basis of securities offered by customers, a banker should observe the following basic principles: (a) Adequacy of Margin: The word […]
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Everything about Letters of credit
A Letter of Credit is issued by a bank at the request of its customer (importer) in favour of the beneficiary (exporter). It is an […]
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Term loans in detail
The loan is disbursed by way of single debit/stage-wise debits (wherever sanction so accorded) to the account. The amount may be allowed to be repaid […]
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