Banking & Insurance Law Legal Articles Reverse Mortagage July 25, 2011 / March 17, 2016 by Dhawesh Pahuja | 5 Comments on Reverse Mortagage A ‘Mortgage’ means transfer of an interest in a specific immovable property for the purpose of securing the payment of money advanced as a loan, an existed or future debt. The transferor is called a ‘Mortgagor’ and transferee a ‘Mortgagee’ and an instrument by which transfer is made called ‘MORTGAGE DEED’ which actually depends upon […] Read more » ‘MORTGAGE DEED’ ‘Mortgage Money’ ‘The Transfer Of Property Act 1882’. Reverse Mortagage REVERSE MORTGAGE
Banking & Insurance Law Legal Articles E-BANKING SYSTEM IN THE BANKING SECTOR July 24, 2011 / March 17, 2016 by Dhawesh Pahuja | Leave a Comment 1. Introduction: The process of globalization and liberalization has virtually transformed the way of business across the globe. The technological innovation of improvements in the communication networking helped the banking sector activities through re-engineer its works. E-Banking is considered as an important input for rapid growth of economic development by providing mechanism of electronic inputs […] Read more » BANKING SECTOR E-BANKING SYSTEM
Banking & Insurance Law Legal Articles Stamp Duty on Consortium Documents June 3, 2011 / June 3, 2011 by Kishor Keshav | 12 Comments on Stamp Duty on Consortium Documents Question: Whether Joint Deeds of Hypothecations and Joint Deeds of Mortgages executed in Consortium Finance are covered under Section 5 or under Section 6 of Bombay Stamp Act or they do embrace separate and distinct matters or transactions or not? Whether or not they are liable to be stamped as separate instrument with separate stamp […] Read more » Consortium Documents Stamp Duty
Banking & Insurance Law Legal Articles Recovery of dues by banks May 30, 2011 / March 14, 2016 by Sabjeet Singh Jabbal | 14 Comments on Recovery of dues by banks 1. Introduction: Most of the companies and us approach Banks and Financial Institutions for loans. The reason for the loan may differ from person to person and company to company. All Banks should function in accordance with the guidelines/norms issued by the Banker’s Bank ‘The Reserve Bank of India’. Subject to the lending norms of […] Read more » Banking Recovery of dues by banks
Banking & Insurance Law Legal Articles ISLAMIC BANKING – TUSSLE ENDS BETWEEN RELIGION AND ECONOMICS May 26, 2011 / May 26, 2011 by Muhammad Umar Khan | 1 Comment on ISLAMIC BANKING – TUSSLE ENDS BETWEEN RELIGION AND ECONOMICS Economists have proven that the wider the freedom of choice is, the higher the level of social welfare. In addition, wider choice implies greater respect for human rights. When an alternate concept such as Islamic banking is introduced, a new choice is open to the market, with obvious social and economic benefits. Competition, not just […] Read more » ISLAMIC BANKING RELIGION AND ECONOMICS
Banking & Insurance Law Legal Articles Para-Banking activities and A Checklist for Indian Banks May 18, 2011 / March 18, 2016 by Shishir Akhouri | Leave a Comment INTRODUCTION Para Banking is a kind of banking wherein money is accepted for the purpose of saving from an individual as in case of a normal banking function. The acceptance of money under Para Banking is scheduled daily, monthly, quarterly, half yearly, yearly and even for fixed period for more than 01 year. […] Read more » 'SAFETY NET' SCHEMES CHECKLIST ENTRY OF BANKS INTO INSURANCE BUSINESS HISTORY OF PARA BANKING IN INDIA INDIAN BANKS MUTUAL FUND BUSINESS Para Banking PARA-BANKING ACTIVITIES PENSION FUNDS MANAGEMENT (PFM) BY BANKS SMART / DEBIT CARD BUSINESS
Banking & Insurance Law Legal Articles Third party rights in banking law : SARFASI Act, 2002 May 11, 2011 / March 18, 2016 by Legal India Admin | Leave a Comment The object of SARFASI Act, 2002 is very good aiming at reducing ‘Non-performing Asset”, the constitutional courts had to interpret the provisions of the Act dealing with many complicated issues and keeping in view the interest of the borrowers. Many issues under the provisions of SARFASI Act, 2002 are settled now. The two most important […] Read more » banking law Non-performing Asset SARFASI Act 2002 Tenant Protection Law Third party rights
Banking & Insurance Law Legal Articles Extent of Indemnity in Insurance Claims March 18, 2011 / March 20, 2016 by Praveen Kumar | Leave a Comment This article tells about how much indemnity could be given in an insurance claim ? and what is the basic difference between law relating to indemnity and to insurance in india? Introduction———- Indemnity in insurance compensates the beneficiaries of the policies for their actual economic losses, up to the limiting amount of the insurance policy. […] Read more » Extent of Indemnity Extent of Indemnity in Insurance Claims Indemnity in Insurance Claims
Banking & Insurance Law Legal Articles THE ENTRY OF NEW BANKS IN THE PRIVATE SECTOR – A BOOST TO FINANCIAL INCLUSION January 25, 2011 / January 25, 2011 by Gaurav S. Chorey | Leave a Comment PRESENT BANKING POSITION It is general principle that greater financial depth, stability and soundness contribute to economic growth. But broadening and deepening the reach of banking is the important factor for growth to be truly inclusive. The union finance minister in his budget speech for the year 2010-11 had announced that ‘The Indian Banking system […] Read more » NEW BANKS PRIVATE SECTOR
