loans

5 Benefits of an exclusive loan for chartered accountants

Finance - Today, many lenders offer exclusive loans for chartered accountants, which consider their financial standing and unique needs. The features of a CA loan include a high sanction, a long repayment tenor, and quick disbursal. They align themselves well with business goals such as expansion, software integration, upskilling, and recruitment, ...

Read More

Reduction in Gold prices & its impact on Gold Loan companies

Finance - Background: Gold is one of the best performing commodities witnessing the highest gain. Gold prices have gained lot of appreciation in years ranging from Rupees 18500 per 10 gram in 2010 to around Rupees 55000 per 10 gram in 2020. Currently Gold prices have dropped steeply since beginning of the year. It has dropped to […]...

Read More

Gold Loans & Frauds

Finance - When I was doing my CA Articleship in a small town of Udupi in Karnataka to be precise we used to have lots of Bank Audits because Udupi and neighboring district of Mangalore were responsible for the Formation of 5 Big banks of India which later got merged by the Government of India order, previously […]...

Read More

A Simple Guide to Instant Personal Loans in India

Finance - Instant personal loans are one of the most sought after loans in India. They are available to both salaried and self-employed people. Upon showing proof of income, personal loan is disbursed. An instant personal loan is not a burden if utilized properly. It can be taken when there is a shortage of money. But care […]...

Read More

The Importance of Choosing the Right Personal Loan Lender

Finance - Taking out a loan is a major financial decision. You put your credibility on the line, and it tests your sense of responsibility in paying your debts on time. However, the borrower does not only hold the weight of the responsibility. The lender shares the same burden as they need to present that they are […]...

Read More

Draft Loan Agreement

Finance - To be printed in stamp paper of Rs.______________ (based on the respective Stamp Act applicable)  LOAN AGREEMENT LOAN AGREEMENT BETWEEN Mr A son of Mr. B, residing at (Address of the loan provider) AND Mr. C son of Mr. D, residing at(Address of the borrower) THIS AGREEMENT made and entered into at(Place—-) this (Date ——...

Read More

Salient features of Model Education Loan Scheme

Finance - Interest on Education Loans All Scheduled Commercial Banks provide Education Loan to students. IBA has formulated and circulated to all member banks a ‘Model Education Loan Scheme’ for providing financial support to meritorious students for pursuing higher education in India and abroad. Salient features of the scheme inter-alia includ...

Read More

Education Loan – Eligibility Criteria for interest subsidy

Finance - Students whose parental income is less than Rs. 4.5 lakhs per annum and are enrolled in recognized technical & professional courses, after class twelfth, in India are eligible under the scheme. Educational loans of such students disbursed from 1st April 2009, irrespective of date of sanction are eligible for interest subsidy. ...

Read More

Some banks not monitoring use of loans- RBI

Finance - Even as India has been cited as an example of prudential banking norms, the Reserve Bank of India (RBI) today said some lenders are not monitoring effectively use of loans by borrowers, which is facilitating diversion of funds. This came to light whe...

Read More

RBI advises banks to disclose all charges in loan application forms

Finance - The Reserve Bank of India (RBI) has once again advised banks and financial institutions to ensure that all information relating to charges or fees for processing of loans should be disclosed in the loan application forms. This is applicable to all lo...

Read More

RBI Responsible for Monitoring Compliance of Loan Moratorium Circular: HC

Velankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court) - The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whethe...

Read More

Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court) - In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....

Read More

Income from trading of shares will be speculative business within meaning of provision of Explanation to section 73

ITO Vs. Ethno Financial Research Pvt. Ltd. (ITAT Delhi) - The provisions of Explanation to section 73 do not distinguish between the transaction of trading in shares on actual delivery or without delivery basis. Admittedly the assessee does not fall under any of the exceptions provided in the Explanation and hence, the purchase and sale of shares traded du...

Read More

Allowability of interest on borrowed funds advanced to subsidiary company

Industrial Cables (India) Ltd. Vs Addl. CIT (ITAT Chandigarh) - We have considered the, rival submissions, perused the material on record. In the instant case, rehabilitation scheme was sanctioned by the BIFR on 05.07.2001, A copy of the summary record of the proceedings of the hearing held on 5.7.2001 before BIFR- have been placed in the Paper Book. It has been...

Read More

Proceedings u/s. 147 / 148 do not set aside original proceedings

Jay Bharat Maruti Ltd. Vs. CIT (Delhi High Court) - 8.3 It cannot be disputed and it is not the case of either side that the reasons extracted hereinabove did not precede the issuance of notice under Section 148(1) of the Act. The requirement for recordal of reasons by the Assessing Officer before issuing a notice is provided for under sub-section (2...

Read More

RBI Circular to RBs – Priority Sector Lending Categorisation of activities under service under the MSMED Act, 2006

RBI/2009-10/178, RPCD.CO RRB.No. 29 /03.05.33/2009- 10 - (06/10/2009) - In terms of paragraphs 2.1.1 and 2.1.2 of Section I of the guidelines on lending to priority sector enclosed to circular RPCD.No.RRB. BC.20/ 03.05.33/2007- 08 dated August 22, 2007, credit to small enterprises includes loans granted to micro and small (manufacturing and service) enterprises, provide...

Read More

Recent Posts in "loans"

5 Benefits of an exclusive loan for chartered accountants

Today, many lenders offer exclusive loans for chartered accountants, which consider their financial standing and unique needs. The features of a CA loan include a high sanction, a long repayment tenor, and quick disbursal. They align themselves well with business goals such as expansion, software integration, upskilling, and recruitment, ...

Read More

Reduction in Gold prices & its impact on Gold Loan companies

Background: Gold is one of the best performing commodities witnessing the highest gain. Gold prices have gained lot of appreciation in years ranging from Rupees 18500 per 10 gram in 2010 to around Rupees 55000 per 10 gram in 2020. Currently Gold prices have dropped steeply since beginning of the year. It has dropped to […]...

Read More
Posted Under: CA, CS, CMA |

Gold Loans & Frauds

When I was doing my CA Articleship in a small town of Udupi in Karnataka to be precise we used to have lots of Bank Audits because Udupi and neighboring district of Mangalore were responsible for the Formation of 5 Big banks of India which later got merged by the Government of India order, previously […]...

Read More
Posted Under: CA, CS, CMA |

A Simple Guide to Instant Personal Loans in India

Instant personal loans are one of the most sought after loans in India. They are available to both salaried and self-employed people. Upon showing proof of income, personal loan is disbursed. An instant personal loan is not a burden if utilized properly. It can be taken when there is a shortage of money. But care […]...

Read More
Posted Under: CA, CS, CMA |

Draft Loan Agreement

To be printed in stamp paper of Rs.______________ (based on the respective Stamp Act applicable)  LOAN AGREEMENT LOAN AGREEMENT BETWEEN Mr A son of Mr. B, residing at (Address of the loan provider) AND Mr. C son of Mr. D, residing at(Address of the borrower) THIS AGREEMENT made and entered into at(Place—-) this (Date ——...

Read More
Posted Under: CA, CS, CMA |

The Importance of Choosing the Right Personal Loan Lender

Taking out a loan is a major financial decision. You put your credibility on the line, and it tests your sense of responsibility in paying your debts on time. However, the borrower does not only hold the weight of the responsibility. The lender shares the same burden as they need to present that they are […]...

Read More
Posted Under: CA, CS, CMA |

RBI Responsible for Monitoring Compliance of Loan Moratorium Circular: HC

Velankani Information Systems Limited Vs Secretary, Ministry of Home Affairs (Karnataka High Court)

The contentions of the RBI that the dispute is between the Petitioner and Respondents is not acceptable since the dispute arises out of the implementation or not of a Circular issued by the RBI. RBI is therefore directed to monitor the implementation of the Circular, including verification of whether there are Board-approved policies form...

Read More

Educational Loan cannot be rejected for Unsatisfactory Credit Scores of parents

Pranav S.R. Vs Branch Manager, State Bank of India (Kerala High Court)

In the present case, the education loan application had been declined on the ground that the CIBIL report of the petitioner's father showed that there was a default in a commercial vehicle loan availed by him....

Read More

Know the Benefits of Personal Loan Balance Transfer

If your EMIs are weighing down on your finances, the best and secure way out is a personal loan balance transfer. Learn about its benefits and apply for a personal loan balance transfer on Finserv MARKETS....

Read More
Posted Under: CA, CS, CMA |

Fund Raising: All you need to know about

Funding means and includes the money required to start and run a business. It is a financial investment in a Company by the owner or external personal for expansion, product development, sales and marketing, office spaces, manufacturing and inventory. Many startups choose to not raise funding from third parties and are funded by their fou...

Read More
Posted Under: CA, CS, CMA |

Browse All Categories

CA, CS, CMA (5,368)
Company Law (7,197)
Custom Duty (8,438)
DGFT (4,518)
Excise Duty (4,473)
Fema / RBI (4,642)
Finance (4,913)
Income Tax (36,747)
SEBI (3,929)
Service Tax (3,706)

Search Posts by Date

May 2021
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31