0
No banking company can directly or indirectly deal in the buying or selling or bartering of goods, except in connection with the realisation of security given to or held by it. A bank can not acquire certain asset but can lend against such assets. this means that sometimes, in case of failure on the part of the loanee to repay the loans, the bank may have to take possessions of such assets. In that case, the assets will be shown in the balance sheet as "non banking assets." these assets must be disposed off in maximum seven years.
Hope its the correct answer of your question....!!
What else can I help you with?
What is the fullform of NPA as used in banking sector?
non performing assets
What is the abbreviation 'ATA' in banking?
average total assets
What are non financial assets?
non financial assets characteristics
Review of literature on non performing assets?
literature review on non performing assets?
Which typeof business organization in the US has the greatest financial assets?
banking
What is the fullform of NPA as used in banking sector?
non performing assets
Non banking assets?
Non-banking assets refer to assets that are not held by traditional banking institutions but may include a range of financial and physical resources. These can encompass real estate, stocks, bonds, commodities, and other investments owned by individuals or corporations. Non-banking assets are typically managed outside the banking sector and can provide alternative sources of liquidity, investment opportunities, and diversification for investors. In a broader sense, they play a crucial role in the economy by contributing to wealth creation and financial stability.
What were Foreign banking assets in the United States in 1980?
Foreign banking assets in the United States were $198 billion in 1980
What were Foreign banking assets in the United States in 1990?
Foreign banking assets in the United States were $850 billion in 1990
Which of the following acts was framed specially to deal more effectively with the problem of non-performing assets in banking system?
Sarfaesi act
What is the abbreviation 'ATA' in banking?
average total assets
What is the meaning of Banking and non banking institutions?
A banking institution is required to have a full banking license and is supervised by a banking regulatory agency. Non-banking is a financial institution that does not have these requirements.
What are non financial assets?
non financial assets characteristics
What are the sources of the supply?
1. Bank Credit to Government 2 Advances to Private Commercial Sector3.Foreign exchange assets (net) of Banking Sectorless Non-monetary liabilities.
What does non derogatory mean in terms of banking?
non derogatory in banking means that an account is ok
What were the financial assets of the Branch Banking and Trust in 2012?
Branch Banking and Trust is an FDIC insured lending institution that operates in 12 states across North America and Washington D.C.. As of October, 2012 Branch Banking and Trust had assets that totaled $178,034,172.
Review of literature on non performing assets?
literature review on non performing assets?
