Banking

Paying Banker (PB): The banker, who is liable to pay the value of a cheque of a customer as per the contract, when the amount…

Banker responsibility when a materially altered cheque is presented for payment A pertinent question arises as to what is ‘material alteration’? The term ‘material alteration’…

A bank’s failure to honor a valid negotiable instrument such as a cheque or draft that has been presented to it for payment. If the…

A cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the…

A cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the…

All cheques are bills but all bills are not cheques –  A cheque is an instrument in writing containing an unconditional order, addressed to a…

The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. In…

The advisability of Lending by a Banker against Goods In the case of lending, some principles should be followed by banker against goods. The banker…

Here briefly explain the precautions required to be taken by a banker in case of advances against the security of goods. In granting advances certain…

Goods can be deposited by way of security either in the form of a pledge or hypothecation. In the case of hypothecation, the borrower must…