PROBLEM POWER

Q.  A cheque for Rs 500/- is issued by the drawer leaving space before the amount in words & figures. Payee of the cheque changed the amount to Rs 5500/- . Cheque is presented for payment and honoured by you. Please justify your action.


Answer     In this case, the amount of the cheque has been changed which is a material alteration. Therefore, it requires drawer authentication. It also appears from the case that the payee had been to able to make such change due to negligence of the drawer in writing the cheque and that the material alteration may not be apparently clear. Under Sec 89 of NI act statutory protection is available to the paying banker in case of payment of cheques which have been materially altered provided the alteration is not apparently clear and payment is made in due course. In the present case, both the conditions appear to be fulfilled as there is no ground to believe that payment has not been made in due course. Therefore, paying banker can seek protection under the said act.

Rationales – Asset Products SME

1. A new product SBI SMILE has been introduced.

ans: To provide interest free equity assistance to professional and technically qualified entrepreneurs (Doctors including dentists, engineers (diploma and degree holders), management graduates etc ) for setting up new Micro and Small enterprises (MSEs)


2. SME Collateral Free scheme has been recently modified.

•  To ensure hassle free credit flow to good borrowers of Micro & Small Enterprises
•  To achieve the benchmark 20% YoY growth in MSEs set by the Reserve Bank of India and 60% sub target for Micro Enterprises in Micro & Small (MSE) advances

3. Doctor Plus Scheme has been modified recently. 

• To keep the product in tune with the current market for such loans  To revise guidelines for collateral security to widen the coverage under CGTMSE 

SBI TO QUIZ 5

SBI TO QUIZ 5

1. Minimum loan amount in digital KCC?
2. MDR Rate above 2k at pos transaction?
3. Head of FIU-IND?
4. Amount of loan given to Shishu under mudra?
5. BIS head quarter?

Answers

1 1.01 lakh
2 1%
3. Pankaj Kumar Mishra
4. upto 50000
5. Switzerland

SBI TO QUIZ 4

SBI TO QUIZ 4

1.Minimum Eligible loan amount under digital KCC for taking facility of 0.50% 

concession in interest rate ?
2. What is the % of digital kcc limit to draw only in cash?
3. Under digital KCC,collteral security is waived for limit up to...
4. AB-7 means- 
 5. Repayment due dates according to kharif and rabi crop
6. .....% concession in crop incsurance under digital KCC
7. Is it mandatory to take NOC from individual borrowers ?
8. What is the validity period of Digital kcc limit ?

Answer- 

1. Above 3 lakh
2. 20%
3. 3.00lakh
4. Conversion of crop loan into term loan on account of crop failure
5. Kharif- 31 january
Rabi- 31st july
6. 50%
7.No , waived by RBI.
8. 5 years

SBI TO QUIZ 1

SBI TO QUIZ

1. cash margin for NFB facility in ABL ?
2.Type of loan in ABL .
3. Additional 25 bps concession in interest rate in ABL is given to.......?
4. Industrial property both leased & freehold / land/plot can be taken as security for ABL ? T/F
5.The residual lease period of the land on which the property is situated should............ ?
6.Assessment of the credit limits in ABL upto 5 crore.............?
7. Repayment in ABL ?
8.Fresh valuation of property to be carried out every.............?

ANS:

1. min 25 %.
2.Drop-line Overdraft facility.
3. only to the unit having ECR of “BBB+ and above”.
4.F
5. more than 30 years.
6.Upto Rs. 5 crore, working capital credit limit to be computed at minimum 20% projected turnover.
7. from 12 months to 180 months.
8. every 3 years.

SBI TO QUIZ 2

SBI TO QUIZ

1. CRR and SLR are calculated in our bank on the basis of
2. Mjn and age of promoter for availing Sme smart score
3. RSCA stands for
4. COPRA stands for
5 DRT is applicable on
6. Min QAB for issing Pride business debit card
7 . Total no of articles in UCPDC 600
8 UCPDC stands for
9. Project Vivek is related to
10. ECGC stands for

Ans

1. Weekly abstarct
2.18-65
3. *Sorry wrong question*
4. Consumer protection act
5 rs above 10 lacs
6 nil
7 39
8 The Uniform Customs and Practice for Documentary Credits
9 SME
10 export credit guarantee corporation

SBI TO QUIZ 3

SBI TO QUIZ

1 Service enterprise

Investment in equipment in a) micro b)small & c) medium

2 SME 4

3 SME credit card validity

4 in sme credit card stock statement submitted

5 ABL min & max amount

6 abl cre min & max amount

7 abl agri min & max amount

Answer

1 a) upto 10 lac b) more than 10 lac to 2 crore c) more than 2 crore to 5 CR

2 supplement document of loan cum hypothecation

3 3 year in WC limit & 5 year in term loan

4 annually on 28 feb

5 min 10 lac max 15 CR

6 min 10 lac
max in tier 1 branchs ,
tier 2&3 branch 20 crore
 Tier 4,5 & 6 Branch 50 cr

7 min 3 lac max 20 crore