Cracking the Code: Unveiling the Revised Provisions for Dishonored Cheques and Their Significance in the Banking World.
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Revised Provisions for Dishonored Cheques: Sections 143A and 148 in Negotiable Instruments Act
The Negotiable Instruments (Amendment) Act, 2018 received presidential assent on August 2, 2018. The amendment introduced two new provisions, Section 143A and Section 148, to the Negotiable Instruments Act (NI Act).
Based On Above Article Please Answer: Which of the following statements is true about the revised provisions for dishonored cheques?
Anonymous Poll
12%
The revised provisions only apply to corporate entities.
76%
Section 148 allows for the initiation of criminal proceedings against the drawer of a dishonored che
17%
The revised provisions do not impose any penalties on the drawer of a dishonored cheque.
10%
The revised provisions solely focus on the responsibilities of the bank.
Unraveling UCPDC: Exploring Key Guidelines for the Banking Sector.
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Unraveling UCPDC: Exploring Key Guidelines for the Banking Sector
The Uniform Customs and Practice for Documentary Credits (UCPDC) serves as a vital framework for international trade transactions in the Indian banking sector. Specifically, it plays a significant role in facilitating secure and efficient transactions related…
Based On Above Article Answer: What is the purpose of examining documents under UCPDC rules?
Anonymous Quiz
7%
To delay the payment process.
29%
To ensure compliance with the underlying contract.
56%
o determine the authenticity and conformity of presented documents.
8%
To prioritize the interests of the beneficiary over the issuing bank.
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Understand Provisioning Norms: The Impact and Effect on Banks' Financial Stability and Performance. Full Article Here: https://lnkd.in/dJwJ3Wtr
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Provisioning Norms of RBI
Provisioning is a critical aspect of banking regulations aimed at ensuring financial stability and safeguarding the interests of depositors and lenders. In India, the Reserve Bank of India (RBI) establishes guidelines for provisioning, which are essential…
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Those Who Appeared BOB Corporate & MSME Credit Exam Today, Please Fill the Form Here, For Recalled Questions & Written Review: https://forms.gle/ZZusDcNqrMqpUtPp9
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BoB Corporate Credit MSME Credit
Simplifying different Types of LC in One Table here: https://www.instagram.com/p/Ct-49JksSqr/ (Follow us in Instagram For More Such Content)
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Which type of LC allows the beneficiary to receive an advance payment before shipping the goods?
Anonymous Quiz
17%
Revocable LC
43%
Red Clause LC
19%
Usance LC
21%
Confirmed LC