Get fully
solved assignment. Buy online from website
online store
or
plz drop a mail
with your sub code
we will revert you
within 2-3 hour or immediate
Charges rs 125/subject
If urgent then
call us on 08791490301
DRIVE SPRING 2017
PROGRAM MBA
SEMESTER III
SUBJECT CODE &
NAME
MA0037 &
BANKING RELATED LAWS AND PRACTICES
Q1. How does Holder and Holder in due course in a negotiable instrument
differ ?
What do you understand by payment in due course ?
Difference between Holder and Holder in due course
Payment in due course
Answer:
Section 8 states that "the holder of a promissory note, bill of
exchange or cheque means any person entitled in his own name to the possession
thereof and to receive and recover the amount due thereon from the parties
thereto
2
Explain how you will proceed to confiscate a property under equitable mortgage
as per Sarfaesi Act, 2002 in case of failure of loan repayment.
Enforcement of
security as per Sarfaesi Act, 2002
Answer: The
SARFAESI Act empowers banks and financial institutions to enforce securities in
the event of default by the borrower without the intervention of either the
Civil Court or the Debt Recovery Tribunal. The powers are also over and above
the remedies available for recovery by filing appropriate
3
Explain the rights of parties to a contract of guarantee.
Rights of
parties to a contract of guarantee
Answer: Rights of Parties in a Guarantee
1. Rights of Surety – The surety has right
against the creditor, the principal debtor and the co- sureties.
Right
against the creditor
Q4.
What are the different types of mortgages under Sec. 58 of the Transfer of
Property Act, 1882 ?
Different
types of mortgages u/s 58 of the Transfer of Property\ Act,1882
Answer:
Mortgages and Charges
A
Mortgage is the transfer of an interest in specific immovable property for the
purpose of securing the payment of money advanced or to be advanced by way of
loan, an existing or future debt, or the
5
Explain the procedure for redressal of grievances under banking Ombudsman
Scheme 2006.
Redressal of
grievances under banking Ombudsman Scheme
Answer: The Banking Ombudsman shall have the
following powers and duties:
Ø To
receive complaints related to banking services.
Ø To
consider such complaints and facilitate their satisfaction or settlement by
agreement through conciliation and mediation between the bank and the aggrieved
parties or by passing an award in accordance with the scheme.
Ø To
resolve by way of
Ø
6
What do you understand by banking Codes and Rules? How are the codes applied?
Application of
banking codes and rules
Answer: The
RBI while announcing the formation of BCSBI in the Annual Policy Statement has
requested the IBA to set up a working group to draft a comprehensive fair
practice code, covering all the areas of customer service for uniform adoption
by banks. Working group prepared the draft Banker’s Fair Practices Code, after
taking suggestions from member banks and submitted the same to BCSBI. The BCSBI
made refinements to the Code and finally brought out the ‘Code of Bank’s
Commitment to Customers
Get fully
solved assignment. Buy online from website
online store
or
plz drop a mail
with your sub code
we will revert you
within 2-3 hour or immediate
Charges rs 125/subject
If urgent then
call us on 08791490301
No comments:
Post a Comment