RBI Circular : Relief for MSME Borrowers registered under GST
Relief for MSME Borrowers registered under Goods and Services Tax (GST) : Presently, banks and NBFCs in India generally classify a loan account as...
How to Get MUDRA Loan – Documentation, Application Process | PMMY Loan
In last article, we discussed about MUDRA loan, eligibility, interest rates, documents, security etc. Now we received a query from one of the readers that...
What is difference between short term loan and long term loan ?
Short Term Loan vs Long Term Loan – The key difference between short term loan and long term loan is with respect to loan...
What is Kisan Credit Card – Eligibility, Features, Objective, Benefits
Kisan Credit Card (KCC) is a credit programme launched in 1998 by Reserve Bank of India and National Bank for Agriculture and Rural Development...
What is a CIBIL Credit Score – Benefits of a High Credit Score
CIBIL Credit Score - Benefits of a high credit score : Credit Information Bureau (India) Ltd, commonly known as CIBIL, is India’s first Credit...
Important Principles of Lending in Banking | Principles of Credit
A banker follow certain basic principles of lending while doing carrying out their lending and credit operations. Banks deals with public money accepting deposit...
SBI extends Covid 19 Emergency Credit Line (CECL) for borrowers @7.25 percent
Country’s largest lender State Bank of India (SBI) announced the Covid 19 Emergency Credit Line (CECL) for borrowers. The loan will be offered to...
What is Legal Entity Identifier (LEI) number – Structure and Purpose
What is LEI number – Structure and Purpose : LEI (Legal Entity Identifier) – a 20 character unique code or identifier defined by ISO...