In this article we will discuss about the verification of assets and liabilities in a bank: 1. Cash and Bank Balances 2. Deposits and Other Accounts 3. Acceptances, Endorsements and Other Obligations 4. Borrowings from Others 5. Loans and Advances 6. Investments 7. Bills Purchased and Discounted 8. Inter-Branch, Inter-Company, and Overseas Transactions 9. Money at Call and Short Notice. [...]
In this article we will discuss about the Legal Provisions of Banking in India:- 1. Definition of Banking 2. Forms of Banking Business 3. Non-banking Assets 4. Management 5. Minimum Capital and Reserves 6. Floating Charge 7. Restrictions of Dividends 8. Statutory Reserve 9. Cash Reserves and Statutory Liquidity Reserve 10. Restrictions on Loans and Advances 11. Subsidiary Companies 12. [...]
The following points highlight the top seven types of non-performing assets. The types are: 1. Term Loans 2. Cash Credit and Overdrafts 3. Agricultural Advances 4. Exempted Assets 5. Advances under Rehabilitation Packages 6. Take-out Finance 7. Advances Covered by the Guarantees of DICGC/ECGC. Non-performing Assets: Type # 1. Term Loans: A term loan facility will be treated as NPA [...]