Banking Related Laws

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Across
  1. 2. First asset reconstruction company of India.
  2. 6. Once the Account is classified as ____, the Bank will proceed to make a demand under Section13 (2) of SARFAESI Act.
  3. 7. Sale of financial assets for asset reconstruction under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act (acronym).
  4. 8. DRTs have been empowered to entertain appeals against the misuse of ____ given to banks.
  5. 10. ____ Tribunal is a body established for the purpose of preferring an appeal against the order passed by the tribunal.
  6. 13. SARFAESI Act does not apply to ____ loans & loans below ₹100,000.
  7. 15. An order passed by the banking ombudsman in accordance with the scheme
  8. 16. An agreement reached by the parties either by conciliation or mediation under the Ombudsman scheme
  9. 17. After taking physical possession of the property under section 14 of SARFAESI Act the Bank will proceed to ____ the property.
  10. 19. Before filing appeal with DRAT, the borrower will have to deposit ____% of his pending loan money.
Down
  1. 1. Bankers Book ____Act, 1891
  2. 3. Bankers' books include____, day-books, cash-books, account books and all other books used in the ordinary business of a bank.
  3. 4. A person heading the appellate recovery tribunal is called ____.
  4. 5. Deficiency in ____ can be a ground for complaint with the banking ombudsman
  5. 9. A scheme to resolve complaints relating to banking services and to facilitate the settlement of such complaints.
  6. 11. The order for inspection of banker’s books must give ____ clear days for the bank to arrange for inspection.
  7. 12. An Act to provide the establishment of tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions.
  8. 14. If borrower is unhappy with DRT verdict, the borrower can appeal to ____.
  9. 18. Under SARFAESI provisions, Borrower cannot file a case in ____ courts but with DRT.