BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Central Electronic Registry or CERSAI
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Registrar of Companies
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Company Law Board
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RBI
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Detailed explanation-1: -Any bank, lender or individual can perform a CERSAI search in order to pull out details of a particular property in order to verify whether the property has any loans attached to it.
Detailed explanation-2: -The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is set up under section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
Detailed explanation-3: -Online search is possible on the website of the registry to enable them to inspect the property records maintained by the Registry. The search can be made on the basis of both Asset Details like property registration number, address and Debtor’s details to get you information on its loan status by paying a small fee.
Detailed explanation-4: -Step 1: Open the CERSAI website and click on the ‘Login’ button on the top right. Step 2: Enter your login ID, password and captcha, and click on the ‘Login’ button. Step 3: Select your digital signature certificate. Step 4: Enter USB Token password.