Sir i have one doubt..if we have taken consent of customer during documentation of loan like taking signature on stamped paper to set off debit balance through credit bal in saving or current account and in case if it is required to exercise our right of set off..do we need to issue notice or we can set off as customer has given consent in past while executing documents??
A loan was sanctioned to customer X and Y two years from now and both were enjoying a Partnership Account, Now loan account become NPA. When bank was about to use right of set off it came under notice that X and Y had join Z in their partnership account one year back. Can bank proceed with Right of Set off?
Helpful lecture
Very informative with clarity.
Please make video on day-nulm. I am just watching your videos for my pnb so preparation
Sir i have one doubt..if we have taken consent of customer during documentation of loan like taking signature on stamped paper to set off debit balance through credit bal in saving or current account and in case if it is required to exercise our right of set off..do we need to issue notice or we can set off as customer has given consent in past while executing documents??
We can.. If we have already taken the consent
Ok sir..thankyou so much
A loan was sanctioned to customer X and Y two years from now and both were enjoying a Partnership Account, Now loan account become NPA. When bank was about to use right of set off it came under notice that X and Y had join Z in their partnership account one year back.
Can bank proceed with Right of Set off?
Sir ye topics clerk to scale 1 k promotion k liye hai ....ya Jo 2,3 k liye try Kar rahe
All grade.. Very helpful
Min and max limit for RIGHT OF SET OFF
Plz provide pdf in telegram channel
If borrower has not defaulted in loan account, and anyhow attachment order issued, then bank will use set off right before attaching or not?
Sir I have query if account is under Either or Surviver or in Former or Surviver in that case can we implement Right of Set Off.
Yes.. Right of set off will be executed if account is in same capacity
In last example if sleeping partner R is a minor. Is right of set off allowed
minor can not be partner.