CERSAI provides platform to All scheduled Commercial Banks(including RRBs) , Small Finance Banks, Local Area Banks, all Co-operative Banks, all NBFCs and All India Financial Institutions , for filing registrations including modification and satisfaction of transactions of securitizations, asset reconstruction and security interest.
An upgraded version of security interest portal that is CERSAI 2.0 had been released on 3rd August, 2020 and had introduced some significant changes. The Entity Registration functionality is accessible on the CERSAI 2.0 portal. For accessing the various functionalities available on the portal and registering details of security interest , entities must be registered. As per chapter IV-A of SARFAESI Act entities are classified into three main categories namely secured creditors, other creditors , Revenue Authorities. There is well defined procedures for their registration on the portal.
Access and functioning in CERSAI 2.0
Made simple and flexible.
Access to CERSAI 2.0 application requires a valid Digital Signature(DS)
Any existing User with valid DS of any class are able to access CERSAI 2.0
For activity on CERSAI portal , Existing users after expiry of their current DS including New Users registered in CERSAI 2.0 should have class III DS
For logging in CERSAI 2.0 first time , Users can use default password. The default password is combination of the last four digits of their CERSAI user id and their date of birth (DDMMYY)
No maker checker concept in CERSAI 2.0. Any authorized user will be able to perform end to end transaction.
Single user, Multiple roles- More than one roles may be assigned to one user
Flexibility in Assignment of Roles: It is possible to add/ remove role to an existing user id.
New Features in CERSAI 2.0 Short Messaging Service(SMS):
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NEW AGE CUSTOMERS BUILDING THE DIGITAL CAPABILITIES
Introduction Consumer markets in India are expected to reap the benefit of favorable macroeconomic parameters as well as its demographics. India is one of the youngest major countries globally and has become one of the major flag bearers of development across the globe.
Enhancements to Indo-Nepal Remittance Facility Scheme RBI/2021-22/94
OPEN BANKING IN INDIA
Open banking is defined as the sharing and leveraging of customer-permission data by banks with third-party developers and firms to build applications and services, including for example those that provide real-time payments, greater financial transparency options for account holders, marketing, cross-selling opportunities. Individuals jurisdictions may define open banking differently.
From Internet Of Things To Banking Of Things
Introduction The concept of the 'Internet of Things [IoT]' emerged in the early 1980s when technology started to influence business processes.
The Future Of Artificial Intelligence In Banks
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NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA)
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Curtains up! Imagine you deciding on buying a house six months down the line and already have arrested the purchase price thereby slaying the ghosts of cost escalations! Seems a fancy thought, but what if it actually happened?
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Simple Craftsman Roots Revived
A “clean but sterile” 1914 kitchen is treated to bungalow-era design.
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The Rescue of Portland's FIREHOUSE 17
IN WHAT BECAME THE PROJECT OF A LIFETIME, THE REHABILITATION OF A 1912 FIREHOUSE IS ADAPTIVE REUSE WITH HEART AND SOUL. DECOMMISSIONED IN 1968, ALLOWED TO DETERIORATE AND LATER REMODELED, THE OLD FIREHOUSE HAD BEEN BUILT DURING THE DAYS OF HORSE-DRAWN ENGINES. THE PROJECT WAS SPEARHEADED BY RESTORAT ION CONSULTANT KARLA PEARLSTEIN, IN PORTLAND, OREGON. SHE NOW CALLS THE FIREHOUSE HOME.
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Pretty things from nature are always in style.
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A Surprisingly Authentic Bath
The replicated, late-Victorian master bathroom is in an 1892 brick manse in St. Louis, Missouri.
A HOME FULL OF CHARACTER
Smaller homes like this 1920s Dutch Colonial so often get overlooked as worthy of restoration. Owners don’t think they’re special . . . or they add on or remodel until the original is unrecognizable. This owner saw the potential.
A Furnished Bath
This elegant bathroom has fixture panels fabricated from parts of a Victorian armoire.
Q&A with Miami Dolphins Legend Richmond Webb
I was lucky enough to interview the legend, Richmond Webb. For those Dolphins fans who live under a rock, Webb is one of the greatest Miami Dolphins players ever and their greatest left tackle of all time.