BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Corporate Default Regulations
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Corporate Debt Restructuring
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Corporate Debt Regulations
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Civil Debt Regulations
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Detailed explanation-1: -Call Deposit Receipt (CDR) is the amount of money kept by the customer on call i.e. the customer may come to the bank anytime asking for the withdrawal of the money.
Detailed explanation-2: -The CDR Mechanism covers only multiple banking accounts, syndication/consortium accounts, where all banks and institutions together have an outstanding aggregate exposure of Rs. 10 Crore and above. BIFR cases are not eligible for restructuring under CDR system.
Detailed explanation-3: -financial institutions and banks participating in CDR system. It comprises of CMD, IDBI; Chairman, SBI; MD & CEO, ICICI Bank; Chairman, Indian Banks’ Association as well as Chairmen and Managing Directors of all Banks and FIs participating as permanent members in the system.
Detailed explanation-4: -One common method for restructuring corporate debt is with a debt-for-equity swap in which creditors accept a share of a distressed company in exchange for forgiveness of some or all of its debt.