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?
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?
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?
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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'?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
In which year was the Baroda Alok Chandra Bravery Award established?
In which year was the Baroda Alok Chandra Bravery Award established?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
Which MSME constitution is ineligible under the Baroda Property Pride scheme?
Which MSME constitution is ineligible under the Baroda Property Pride scheme?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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?
Signup and view all the answers
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
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.
