Podcast
Questions and Answers
What is the minimum cash margin required on BG/LC under the Baroda Contractor Scheme?
What is the minimum cash margin required on BG/LC under the Baroda Contractor Scheme?
- 25%
- 10%
- 20% (correct)
- 15%
Who has the authority to approve a relaxation of 10% in minimum margin on LC/BG under the revised Baroda Contractor Scheme?
Who has the authority to approve a relaxation of 10% in minimum margin on LC/BG under the revised Baroda Contractor Scheme?
- Branch Head
- COCC-CGM (correct)
- Regional Manager
- Area Manager
What is the maximum age allowed for the proprietor at the time of loan maturity under the revised Scheme for Financing Solar Projects?
What is the maximum age allowed for the proprietor at the time of loan maturity under the revised Scheme for Financing Solar Projects?
- 65 years
- 60 years
- 75 years (correct)
- 70 years
What is the maximum loan limit for a First-Time Buyer (FTB) under the revised Commercial Vehicle Finance scheme?
What is the maximum loan limit for a First-Time Buyer (FTB) under the revised Commercial Vehicle Finance scheme?
Up to what percent of processing charges can COCC-GM waive for the Strategic segment under the Mining & Construction Equipment Finance Program?
Up to what percent of processing charges can COCC-GM waive for the Strategic segment under the Mining & Construction Equipment Finance Program?
What is the revised maximum loan limit for the Strategic Segment under the Mining & Construction Equipment Finance Program?
What is the revised maximum loan limit for the Strategic Segment under the Mining & Construction Equipment Finance Program?
What is the minimum overall security coverage required for immovable properties plus cash margin under the revised scheme?
What is the minimum overall security coverage required for immovable properties plus cash margin under the revised scheme?
Until when are the revised concessional interest rates under the Baroda Mortgage Loan (BML) scheme valid?
Until when are the revised concessional interest rates under the Baroda Mortgage Loan (BML) scheme valid?
What must be done first when a complaint is lodged by a customer or third party?
What must be done first when a complaint is lodged by a customer or third party?
Who is designated as the chairman of the Consumer Complaint Resolution Centre at each Zonal Office?
Who is designated as the chairman of the Consumer Complaint Resolution Centre at each Zonal Office?
What is the minimum outstanding amount for NPA accounts that the Bank will examine for 'wilful default'?
What is the minimum outstanding amount for NPA accounts that the Bank will examine for 'wilful default'?
How often are meetings held related to the Consumer Complaint Resolution Centre as Nodal Point at each Zonal Office?
How often are meetings held related to the Consumer Complaint Resolution Centre as Nodal Point at each Zonal Office?
Who has launched the new e-BKRAY portal for conducting e-auctions of the bank's secured assets?
Who has launched the new e-BKRAY portal for conducting e-auctions of the bank's secured assets?
What is the first step that should be taken upon receipt of a legal notice by the Bank?
What is the first step that should be taken upon receipt of a legal notice by the Bank?
Who is the appropriate authority to approve the draft reply prepared by advocates in case of litigations filed against the bank?
Who is the appropriate authority to approve the draft reply prepared by advocates in case of litigations filed against the bank?
What is the primary action that must be taken by the concerned office upon receiving a notice or summons?
What is the primary action that must be taken by the concerned office upon receiving a notice or summons?
What is the condition regarding the registration of vehicles financed for corporate entities under the Baroda Car Loan scheme?
What is the condition regarding the registration of vehicles financed for corporate entities under the Baroda Car Loan scheme?
Who is responsible for paying out-of-pocket expenses such as valuation charges under Supply Chain Finance?
Who is responsible for paying out-of-pocket expenses such as valuation charges under Supply Chain Finance?
From what date is the Paperless Office mandatory for all retail loan matters?
From what date is the Paperless Office mandatory for all retail loan matters?
Which of the following entities is NOT allowed to avail car loans for corporate use under the Baroda Car Loan Scheme?
Which of the following entities is NOT allowed to avail car loans for corporate use under the Baroda Car Loan Scheme?
What is the main aim of improving the process with the introduction of the Paperless Office?
What is the main aim of improving the process with the introduction of the Paperless Office?
In which year was the Baroda Alok Chandra Bravery Award established?
In which year was the Baroda Alok Chandra Bravery Award established?
Who is the recipient of the Baroda Alok Chandra Bravery Award for the year 2023-24?
Who is the recipient of the Baroda Alok Chandra Bravery Award for the year 2023-24?
Which of these circular numbers is NOT referenced for clarification regarding various charges in Supply Chain Finance?
Which of these circular numbers is NOT referenced for clarification regarding various charges in Supply Chain Finance?
What is the duration of the ban on additional credit facilities to a wilful defaulter after their name is removed from the List of Wilful Defaulters?
What is the duration of the ban on additional credit facilities to a wilful defaulter after their name is removed from the List of Wilful Defaulters?
For how long is a wilful defaulter barred from receiving credit facilities for new ventures after removal from the List of Wilful Defaulters?
For how long is a wilful defaulter barred from receiving credit facilities for new ventures after removal from the List of Wilful Defaulters?
How long does a wilful defaulter or associated entity have to wait for eligibility for restructuring after removal from the List of Wilful Defaulters?
How long does a wilful defaulter or associated entity have to wait for eligibility for restructuring after removal from the List of Wilful Defaulters?
What is the maximum timeline for the removal of a name from the List of Wilful Defaulters?
What is the maximum timeline for the removal of a name from the List of Wilful Defaulters?
In what situation will only the promoters' names be removed from the list of wilful defaulters?
In what situation will only the promoters' names be removed from the list of wilful defaulters?
What is required of a bank before transferring a defaulted loan of Rs. 25 lacs and above to ARCs?
What is required of a bank before transferring a defaulted loan of Rs. 25 lacs and above to ARCs?
What is the threshold limit for classifying a borrower as a large defaulter according to RBI regulations?
What is the threshold limit for classifying a borrower as a large defaulter according to RBI regulations?
What happens if a borrower classified as a wilful defaulter honors their repayment obligations?
What happens if a borrower classified as a wilful defaulter honors their repayment obligations?
What is the LTV ratio for non-agricultural gold loans under EMI schemes?
What is the LTV ratio for non-agricultural gold loans under EMI schemes?
Which MSME constitution is ineligible under the Baroda Property Pride scheme?
Which MSME constitution is ineligible under the Baroda Property Pride scheme?
What is the maximum age limit for proprietorship/individual borrower concerns under the Baroda Property Pride scheme without deviation?
What is the maximum age limit for proprietorship/individual borrower concerns under the Baroda Property Pride scheme without deviation?
What is the maximum loan tenure for TERM LOAN secured by Industrial Property under the Baroda Property Pride scheme?
What is the maximum loan tenure for TERM LOAN secured by Industrial Property under the Baroda Property Pride scheme?
What is the cap on the subvention amount per Importer-Exporter Code (IEC) for the extended period of the IES scheme?
What is the cap on the subvention amount per Importer-Exporter Code (IEC) for the extended period of the IES scheme?
When seeking authority for Disbursement of Fresh/Increase portion of Credit Facilities, the latest Credit Bureau report should not be older than how many days?
When seeking authority for Disbursement of Fresh/Increase portion of Credit Facilities, the latest Credit Bureau report should not be older than how many days?
For proposals up to the OLP of COCC-GM, who has the authority to permit deviations in parameters defined under the BARODA AROGYADHAM scheme?
For proposals up to the OLP of COCC-GM, who has the authority to permit deviations in parameters defined under the BARODA AROGYADHAM scheme?
What is the maximum permissible value of mall property(ies) that can be provided as security for a loan under BARODA LAP SCHEME?
What is the maximum permissible value of mall property(ies) that can be provided as security for a loan under BARODA LAP SCHEME?
What is the maximum loan limit for farmers through KCC under the Modified Interest Subvention Scheme for 2024-25?
What is the maximum loan limit for farmers through KCC under the Modified Interest Subvention Scheme for 2024-25?
What is the interest subvention rate for lending institutions in the financial year 2024-25?
What is the interest subvention rate for lending institutions in the financial year 2024-25?
What additional interest subvention is provided as Prompt Repayment Incentive for timely repayment?
What additional interest subvention is provided as Prompt Repayment Incentive for timely repayment?
What is the total interest rate applicable to farmers who repay on time under the Modified Interest Subvention Scheme for 2024-25?
What is the total interest rate applicable to farmers who repay on time under the Modified Interest Subvention Scheme for 2024-25?
For how long can small and marginal farmers store their produce in warehouses to avail the subvention benefit post-harvest?
For how long can small and marginal farmers store their produce in warehouses to avail the subvention benefit post-harvest?
What is the sub-limit of loans under MISS for farmers involved in animal husbandry and allied activities?
What is the sub-limit of loans under MISS for farmers involved in animal husbandry and allied activities?
What is the threshold interest amount for TDS on Floating Rate Savings Bonds under the amended Section 193?
What is the threshold interest amount for TDS on Floating Rate Savings Bonds under the amended Section 193?
Which platform should banks use to submit and settle audited claims under the ISS?
Which platform should banks use to submit and settle audited claims under the ISS?
Flashcards
What is the minimum cash margin for BG/LC under Baroda Contractor Scheme?
What is the minimum cash margin for BG/LC under Baroda Contractor Scheme?
The minimum cash margin required on Bank Guarantee (BG) or Letter of Credit (LC) under the Baroda Contractor Scheme.
Who can approve a 10% relaxation in minimum margin under the Baroda Contractor Scheme?
Who can approve a 10% relaxation in minimum margin under the Baroda Contractor Scheme?
The Chief Operating & Credit Control - General Manager (COCC-GM) has the authority to grant a 10% relaxation in the minimum margin on Letter of Credit (LC) or Bank Guarantee (BG) for the Baroda Contractor Scheme.
What is the minimum security coverage required under the revised Baroda Contractor Scheme?
What is the minimum security coverage required under the revised Baroda Contractor Scheme?
The combined total security coverage for immovable properties and cash margin should be at least 65% under the revised Baroda Contractor Scheme.
Who has the authority to approve deviations in margin and security under Baroda Contractor Scheme?
Who has the authority to approve deviations in margin and security under Baroda Contractor Scheme?
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What is the minimum age for an individual guarantor under the Baroda Contractor Scheme?
What is the minimum age for an individual guarantor under the Baroda Contractor Scheme?
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What is the maximum age allowed for the proprietor under the revised Solar Project Financing scheme?
What is the maximum age allowed for the proprietor under the revised Solar Project Financing scheme?
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What is the maximum loan limit for a First-Time Buyer (FTB) under the CV Finance scheme?
What is the maximum loan limit for a First-Time Buyer (FTB) under the CV Finance scheme?
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Which segments can access eVehicle financing under the Commercial Vehicle Finance Program?
Which segments can access eVehicle financing under the Commercial Vehicle Finance Program?
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Nomination Day
Nomination Day
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Initial step for complaints
Initial step for complaints
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Responding to legal notices
Responding to legal notices
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Initial response to notices/summons
Initial response to notices/summons
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Committee Chair for Legal Cases
Committee Chair for Legal Cases
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Legal officer absence in litigation
Legal officer absence in litigation
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Head of Consumer Complaint Centre
Head of Consumer Complaint Centre
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Meeting frequency for consumer complaints
Meeting frequency for consumer complaints
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Baroda Car Loan Scheme
Baroda Car Loan Scheme
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Vehicle Eligibility for Baroda Car Loan Scheme
Vehicle Eligibility for Baroda Car Loan Scheme
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Corporate Use for Baroda Car Loan Scheme
Corporate Use for Baroda Car Loan Scheme
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Registration Requirement for Corporate Vehicles under Baroda Loan Scheme
Registration Requirement for Corporate Vehicles under Baroda Loan Scheme
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Paperless Office
Paperless Office
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Goal of the Paperless Office
Goal of the Paperless Office
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Phase 1 of the Paperless Office
Phase 1 of the Paperless Office
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Baroda Alok Chandra Bravery Award
Baroda Alok Chandra Bravery Award
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What defines a wilful defaulter?
What defines a wilful defaulter?
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How long is a wilful defaulter barred from new ventures after LWD removal?
How long is a wilful defaulter barred from new ventures after LWD removal?
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What's mandatory before loan transfer?
What's mandatory before loan transfer?
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What platform handles e-auctions of bank's secured assets?
What platform handles e-auctions of bank's secured assets?
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How long to classify a borrower as a wilful defaulter?
How long to classify a borrower as a wilful defaulter?
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What defines a large defaulter?
What defines a large defaulter?
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What must happen before removing a name from the LWD?
What must happen before removing a name from the LWD?
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What happens to the names of promoters and guarantors during liquidation or resolution?
What happens to the names of promoters and guarantors during liquidation or resolution?
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Consequences of Non-Compliance with KYC
Consequences of Non-Compliance with KYC
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Maximum Loan Limit under MISS
Maximum Loan Limit under MISS
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Interest Subvention Rate Under MISS
Interest Subvention Rate Under MISS
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Prompt Repayment Incentive (PRI)
Prompt Repayment Incentive (PRI)
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Total Interest Rate for Timely Repayment Under MISS
Total Interest Rate for Timely Repayment Under MISS
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Storage Period for Subvention Benefit
Storage Period for Subvention Benefit
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Sub-Limit for Animal Husbandry and Allied Activities
Sub-Limit for Animal Husbandry and Allied Activities
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Aadhaar Linkage for MISS Loans
Aadhaar Linkage for MISS Loans
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What is the LTV ratio for Non-Agricultural Gold Loans under EMI schemes?
What is the LTV ratio for Non-Agricultural Gold Loans under EMI schemes?
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Who is eligible for the Interest Equalisation Scheme (IES)?
Who is eligible for the Interest Equalisation Scheme (IES)?
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What is the maximum subvention amount under the IES?
What is the maximum subvention amount under the IES?
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Who can authorize deviations from the Baroda Arogyadham scheme?
Who can authorize deviations from the Baroda Arogyadham scheme?
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Who can approve a concessional ROI for rated accounts?
Who can approve a concessional ROI for rated accounts?
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What is the maximum age of a Credit Bureau report?
What is the maximum age of a Credit Bureau report?
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Which MSME type is ineligible for Baroda Property Pride?
Which MSME type is ineligible for Baroda Property Pride?
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What is the maximum age limit for proprietors under Baroda Property Pride?
What is the maximum age limit for proprietors under Baroda Property Pride?
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Study Notes
Retail Product Loans
- Personal loans are eligible for fresh or incremental loans in CMR 7 or below rating.
- Mortgage loans, future rent receivable, home loans, and education loans are not eligible for fresh or incremental loans in CMR 7 or below rating.
Baroda Contractor Scheme
- The minimum cash margin required on BG/LC is 15%.
- COCC-CGM approves relaxation of 10% in minimum margin on LC/BG.
Revised Baroda Contractor Scheme
- The maximum overall security coverage for immovable properties plus cash margin is 65%.
Financing Solar Projects
- The minimum age requirement for an individual guarantor is 18 years.
- The maximum age of a proprietor at loan maturity is 70 years.
Commercial Vehicle Finance
- The maximum loan limit for a first-time buyer (FTB) is 25 lakhs.
- Up to 10 buses can be financed for schools with 501 to 700 students.
- Strategic, large, and super strategic segments are now allowed financing for e-vehicles.
- The maximum loan tenure for e-vehicle financing is 60 months.
- Approved OEMs for e-vehicle financing include TATA Motors, Ashok Leyland, Volvo/Eicher, and Mercedes.
Mining & Construction Equipment Finance Program
- The maximum loan limit for the strategic segment is 15 crores.
- COCC-CGM has full powers to approve deviations regarding cash margin and security coverage.
- The minimum age requirement for an individual guarantor is 18 years.
- The maximum age for a proprietor at loan maturity is 70 years.
Baroda Car Loan Scheme
- Car dealers cannot avail loans for the purchase of cars from OEMs for which they are not authorized dealers.
- MUVs and SUVs, passenger cars, and electric vehicles are eligible for private use financing.
- Public limited companies, sole proprietorships, and partnership firms are allowed for corporate use.
- Vehicles must be registered as commercial vehicles.
Paperless Office
- Paperless Office implementation for all retail loans is mandatory from October 31, 2024.
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Description
Test your knowledge on the Baroda Contractor Scheme and related financing options. This quiz covers minimum cash margins, loan limits, and interest rates under the revised schemes. Equip yourself with essential information regarding financing for contractors and projects.
