Financial institutions
It’s high time that Bruhat Bengaluru Mahanagara Palike (BBMP) has to clear all loan interest payments! December 31, 2011 is the final deadline for BBMP to pay Rs 750 crore to various banks. BBMP has around 500 bank accounts in 12 financial institutions! BBMP Commissioner M K Shankarlinge Gowda say that they have lots of [...] Continue Reading »
The new Bill introduced in lokh sabha will soon be giving provisions for the banks to accept the immovable properties. Banks and financial institutions in New Delhi at present are not empowered to accept immovable property in concern against the defaulting borrower. The amendments will be made accordance with The Enforcement of Security Interest and [...] Continue Reading »
