institutions to charge interest on loans/advances/overdrafts or any other financial accommodation and the power of Courts to examine the rigour of such transactions ... regulate the interest rates structure on which advances or other financial accommodation, may be made.
Section 27 consists power on the Reserve Bank to call
institutions to charge interest on loans/advances/overdrafts or any other financial accommodation and the power of courts to examine the rigour of such transaction ... regulate the interest rates structure on which advances or other financial accommodation may be made.
34. Section 27 confers power on the reserve Bank
Bank the defendants 1 to 4 approached the plaintiff-Bank for financial accommodation and obtained loan on five different occasions viz.,
(1) That defendants ... approached the plaintiff-Bank for financial accommodation in a sum of Rs. 29,000/- on 7-2-1984 for coconut development and agreed to repay
dispute that defendants had taken
financial accommodation from Stuart Clarke. In both
transactions D.W.2, Atul Kumar has introduced the parties
to each other ... case of Stuart Clarke the financial
accommodation was Rs.1.50 Crores in the year 2008 and
the quantum of money paid by plaintiff
operative Society, the primary object of which is to provide financial accommodation to its members and includes a Co-operative land mortgage bank. The question ... observed thus:
The Parliament has enacted the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 ("the Securitisation
Jayakunvar Manilal Shah vs Syndicate Bank on 5 December, 1991
Equivalent citations: ILR1992KAR1053, 1992(2
prescribe or regulate the interest rate structure on advances or other financial accommodation to be made by commercial banks. Section 46(4) of the Banking
prescribe or regulate the interest rate structure on advances or other financial accommodation to be made by Commercial Banks. S. 46(4) of the Banking
given to the Borrower fully exhausted or executed howsoever the said financial accommodation be varied or changed or renewed from time to time, notwithstanding
shall--
(a) if it is satisfied that such institution has adequate financial resources, accommodation, library, qualified staff, laboratory and that it fulfils such other conditions ... recognition. Regional Committee if satisfied that such institution has adequate financial resources, accommodation, library, qualified staff, laboratory and that it fulfils such conditions may grant
