(i) Reserve bank of India. (ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
(i) Reserve bank of India.
(ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
Collateral is an asset that the borrower owns (such as land, building, vehicle, live stocks, deposit with banks) and uses this as an guarantee to a lender until the loan is repaid.
Collateral is an asset that the borrower owns (such as land, building, vehicle, live stocks, deposit with banks) and uses this as an guarantee to a lender until the loan is repaid.
State any one difference between the formal lenders and the informal lenders.
Most of the informal lenders charge a much higher interest on loans.
Most of the informal lenders charge a much higher interest on loans.
See lessWhich authority does supervise the functioning of formal sources of loans and how?
(i) Reserve bank of India. (ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
(i) Reserve bank of India.
(ii) The RBI monitors that the banks actually maintain the cash balance. It also sees that the banks give loan too all rich as well as poor.
See lessWho are the informal lenders?
Moneylenders, traders, employers, relative and friends are the informal lenders.
Moneylenders, traders, employers, relative and friends are the informal lenders.
See lessWhat are “term of Credit”?
Intertest rate, collateral and documentation requirement, and the mode of repayments together comprise the term of credit.
Intertest rate, collateral and documentation requirement, and the mode of repayments together comprise the term of credit.
See lessWhat is collateral?
Collateral is an asset that the borrower owns (such as land, building, vehicle, live stocks, deposit with banks) and uses this as an guarantee to a lender until the loan is repaid.
Collateral is an asset that the borrower owns (such as land, building, vehicle, live stocks, deposit with banks) and uses this as an guarantee to a lender until the loan is repaid.
See less