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PPB Capsule Cards PRO Banker's Special Rel…
If a customer deposits money with the bank for a specific purpose, can the bank apply a lien on those funds?
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Lien Exception: Specific Purpose
Banker's Special Relationship 40
WA 40
PPB Capsule Cards PRO Banker's Special Rel…
Why is a Banker's General Lien legally referred to as an 'implied pledge' in banking law?
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Implied Pledge (Right to Sell)
Banker's Special Relationship 38
WA 38
PPB Capsule Cards PRO Banker's Special Rel…
In a jointly held bank account, what is the rule for delegating authority to a third party via Mandate or POA?
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POA in Joint Accounts
Banker's Special Relationship 35
WA 35
PPB Capsule Cards PRO Banker's Special Rel…
Can a bank exercise its Right of Lien on valuables or documents kept by a customer in Safe Custody?
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Lien Exception: Safe Custody
Banker's Special Relationship 34
WA 34
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What is a 'Mandate' in the context of banking operations, and what are its key features?
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Mandate: Definition & Features
Banker's Special Relationship 33
WA 33
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PPB Capsule Cards PRO Banker's Special Rel…
What is the most crucial mandatory condition regarding the nature of the accounts before a bank can exercise Set-off?
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Set-off: Same Name and Right
Banker's Special Relationship 33
WA 33
PPB Capsule Cards PRO Banker's Special Rel…
Which specific act and section legally grant banks the right of 'General Lien' over a customer's goods and securities?
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Banker's Lien: Indian Contract Act
Banker's Special Relationship 32
WA 32
PPB Capsule Cards PRO Banker's Special Rel…
Can a bank set off the debit balance in a sole proprietorship firm's account against the credit balance in the proprietor's individual account?
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Set-off: Sole Proprietorship
Banker's Special Relationship 32
WA 32
PPB Capsule Cards PRO Banker's Special Rel…
What is the Banker's 'Right of Set-off' when dealing with a customer who has multiple accounts?
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Right of Set-off Definition
Banker's Special Relationship 31
WA 31
PPB Capsule Cards PRO Banker's Special Rel…
How does a Power of Attorney (POA) differ legally from a simple bank mandate?
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Power of Attorney (POA)
Banker's Special Relationship 31
WA 31
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PPB Capsule Cards PRO Banker's Special Rel…
Can a bank apply its general right of lien against a customer's assets for a debt that has not yet matured?
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Lien Exception: Immature Debts
Banker's Special Relationship 30
WA 30
PPB Capsule Cards PRO Banker's Special Rel…
Under Section 59 of the Indian Contract Act, who holds the primary right to appropriate a payment made into a loan account?
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Right of Appropriation (Sec 59)
Banker's Special Relationship 29
WA 29
PPB Capsule Cards PRO Banker's Special Rel…
Under what circumstances does a Power of Attorney (POA) stand revoked or terminated?
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Revocation of POA
Banker's Special Relationship 28
WA 28
PPB Capsule Cards PRO Banker's Special Rel…
Can the personal account of an individual partner be set off against the debit balance of the partnership firm?
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26 Views
Set-off: Partnership Firm
Banker's Special Relationship 26
WA 26
PPB Capsule Cards PRO Banker's Special Rel…
According to Clayton's Rule, if neither the debtor nor the creditor specifies the appropriation, how are payments adjusted?
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Clayton's Rule (Appropriation)
Banker's Special Relationship 26
WA 26
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PPB Capsule Cards PRO Banker's Special Rel…
When a payment is made into a loan account without a specific agreement, is it adjusted against the interest or the principal first?
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Appropriation: Interest vs Principal
Banker's Special Relationship 25
WA 25
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Under what specific events does the Right of Set-off occur automatically without needing prior notice to the customer?
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Automatic Right of Set-off
Banker's Special Relationship 23
WA 23
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Can a bank exercise its Right of Set-off to recover a time-barred debt?
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Set-off: Time-Barred Debts
Banker's Special Relationship 22
WA 22
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If a debtor makes a payment but fails to specify which debt it should be applied to, who decides the appropriation?
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Right of Appropriation (Sec 60)
Banker's Special Relationship 22
WA 22
PPB Capsule Cards PRO Banker's Special Rel…
Is a bank required to give prior notice to the customer before exercising the Right of Set-off?
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Set-off: Notice Requirement
Banker's Special Relationship 23
WA 23
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Banker's Special Relationship — JAIIB PPB Capsules

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All 20 cards on this page
Lien Exception: Specific Purpose If a customer deposits money with the bank for a specific purpose, can the bank apply a lien on those fu… Implied Pledge (Right to Sell) Why is a Banker's General Lien legally referred to as an 'implied pledge' in banking law? POA in Joint Accounts In a jointly held bank account, what is the rule for delegating authority to a third party via Mandate o… Lien Exception: Safe Custody Can a bank exercise its Right of Lien on valuables or documents kept by a customer in Safe Custody? Mandate: Definition & Features What is a 'Mandate' in the context of banking operations, and what are its key features? Set-off: Same Name and Right What is the most crucial mandatory condition regarding the nature of the accounts before a bank can exer… Banker's Lien: Indian Contract Act Which specific act and section legally grant banks the right of 'General Lien' over a customer's goods a… Set-off: Sole Proprietorship Can a bank set off the debit balance in a sole proprietorship firm's account against the credit balance… Right of Set-off Definition What is the Banker's 'Right of Set-off' when dealing with a customer who has multiple accounts? Power of Attorney (POA) How does a Power of Attorney (POA) differ legally from a simple bank mandate? Lien Exception: Immature Debts Can a bank apply its general right of lien against a customer's assets for a debt that has not yet matur… Right of Appropriation (Sec 59) Under Section 59 of the Indian Contract Act, who holds the primary right to appropriate a payment made i… Revocation of POA Under what circumstances does a Power of Attorney (POA) stand revoked or terminated? Set-off: Partnership Firm Can the personal account of an individual partner be set off against the debit balance of the partnershi… Clayton's Rule (Appropriation) According to Clayton's Rule, if neither the debtor nor the creditor specifies the appropriation, how are… Appropriation: Interest vs Principal When a payment is made into a loan account without a specific agreement, is it adjusted against the inte… Automatic Right of Set-off Under what specific events does the Right of Set-off occur automatically without needing prior notice to… Set-off: Time-Barred Debts Can a bank exercise its Right of Set-off to recover a time-barred debt? Right of Appropriation (Sec 60) If a debtor makes a payment but fails to specify which debt it should be applied to, who decides the app… Set-off: Notice Requirement Is a bank required to give prior notice to the customer before exercising the Right of Set-off?
Chapters in this paper
Banker-Customer Relationship Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities Essentials of Bank Computerisation Ethics, Business Ethics & Banking: An Integrated Perspective AML- KYC Guidelines Appraisal and Assessment of Credit Facilities Operational Aspects of CBS Environment Ethics at the Individual Level Operational Aspects of KYC Operational Aspects of Loan Accounts Alternate Delivery Channels – Digital Banking Ethical Dimensions: Employees Opening Accounts of Various Types of Customers Types of Collaterals and their Characteristics Data Communication Network and EFT Systems Work Ethics and the Workplace
Modules in PPB
MODULE A: General Banking Operations MODULE B: Functions of Banks MODULE C: Banking Technology MODULE D: Ethics in Banks and Financial Institutions
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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