The concept of protecting consumer rights was first introduced in 1986 with the ordinance Consumer Protection Act, 1986. The act was created to safeguard the consumers from dissatisfactory services and goods. But for safeguarding the consumer interest in the modern era, the Act was upgraded in 2019. Thus, the consumer Protection Act, 2019 replaced the […]
Consumer Protection Act, 2019 (COPRA) – Features and Provisions Read More »
MUDRA (Micro Units Development and Refinance Agency Ltd) is a financial Institution created by Government to support small scale industries and Startup. It provides support to small industries by financing through Banks, Non Banking Finance Companies (NBFC) and Micro Finance Institutions (MFI). MUDRA was introduced in 2016 by Union Finance Minister to provide easy and
MUDRA Loan: Pradhan Mandri MUDRA Yojana (PMMY) Scheme Details Read More »
Mortgage is a type of charge bank create on a property for safe lending. Thus it is really important that you have a proper knowledge about types of charges bank creates before applying loan. There are three types of charges banks create on the security provided by borrower. The charges are namely Pledge, Hypothetication and
What is Mortgage and Types of Mortgage in Bank Loan? Read More »
Prompt Corrective Action (PCA) is a defense mechanism created by RBI for monitoring and safeguarding the banks from financial collapse. Thus the PCA is a process or mechanism under which RBI can initiate a corrective action on banks. Which involves monitoring of certain performance indicators of the banks as an early warning exercise for financial
What is Prompt Corrective Action (PCA) Framework for Banks? Read More »
If you want to apply for loan with some kind of security like Gold, Vehicle, Buildings as a guarantee. To safeguard the loan, banks will create charge on the security you propose. There are three common types of charges banks and financial institutions create on the security namely Pledge, Hypothecation and Mortgage. You might have
Pledge VS Hypothecation VS Mortgage |Differences & Comparison Read More »
Monetary Policy is the Norms and Policies set by Monetary Authority (Usually the Central Bank of the Country) to make a stable Economy. Thus the Monetary Policies are aimed at creating a Trustable and Valuable currency that will bring a stable growth to the economy. Reserve Bank of India (RBI) the Central Bank and Monetary
