Shitiz Srivastava Definition and Legal Character A sale deed is a formal instrument of conveyance by which the absolute title and ownership of immovable property is transferred from the transferor (vendor) to the transferee (vendee) in exchange for a stipulated consideration. It is the most definitive document in the chain of title and constitutes the primary evidence
Duties of a Banker: Key Responsibilities in Banking Law The duties of a banker are essential to fostering trust and ensuring the smooth operation of banking services. In banking law, these responsibilities are clearly defined to protect both customers and the financial institution. Below, we explore the critical duties of a banker: 1. Duty of
Features of the SARFAESI Act The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, is a key legislation enacted to empower banks and financial institutions to recover their non-performing assets (NPAs) efficiently without the intervention of courts. Below are its main features: Key Features of the SARFAESI Act Empowers
Definition of Open Market Operations (OMO) Open Market Operations (OMO) refer to the buying and selling of government securities in the open market by a country’s central bank, such as the Reserve Bank of India (RBI), to regulate the money supply and liquidity in the economy. This is one of the primary tools used by
Definition of Statutory Liquidity Ratio (SLR) The Statutory Liquidity Ratio (SLR) is the percentage of a commercial bank’s net demand and time liabilities (NDTL) that it is required to maintain in the form of liquid assets such as cash, gold, or approved government securities before offering credit to customers. This reserve is mandated by the
Definition of Cash Reserve Ratio (CRR) The Cash Reserve Ratio (CRR) is the proportion of a commercial bank’s total deposits that it is required to maintain as reserves in cash with the Reserve Bank of India (RBI). This reserve is mandated by the RBI and is kept as a safeguard to ensure liquidity and financial
The repo rate (short for “repurchase rate”) is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks for short-term needs, typically against government securities as collateral. It is a crucial monetary policy tool used by the RBI to control liquidity, inflation, and economic growth in the country. How Repo
The Role of the Reserve Bank of India in Controlling Commercial Banks The Reserve Bank of India (RBI), established in 1935, serves as the apex monetary authority and the central bank of the country. Among its numerous functions, regulating and supervising commercial banks is one of its most critical roles. By controlling commercial banks, the
Nationalization of Banks in India: A Transformative Economic Reform The nationalization of banks in India is one of the most significant economic reforms in the country’s history. It marked a paradigm shift in the financial sector, transforming the role of banks from being profit-oriented entities to vehicles for social and economic development. This essay explores
Overview The Kesavananda Bharati case, also referred to as Kesavananda Bharati v. State of Kerala, is a very consequential ruling in the field of Indian constitutional law. In 1973, the Supreme Court of India made a decision that established the doctrine of the basic structure of the Constitution. This decision placed limits on the