Banking and Finance

Revenue Deficit Grant Meaning Revenue deficits occur when realized net income is less than expected net income. This happens when the actual income and/or actual expenses do not match the budget income and expenses. This is the opposite of excess income which occurs when the actual net income exceeds the expected amount. Not to be […]

What are Msme and Its Involvement in the Economy? The department of controlling the Micro, Small and Medium Enterprises seems to be the primary executive authority handling the formation as well as administration of policies, guidelines, as well as legislation applicable to the micro, small, and medium enterprises within the regions of India. This department

The Credit Ratings Agency evaluates the reliability of association and various substances. In short words, these organisations break down borrowers’ capacity to rate their credit risk. Rating agencies were likewise reprimanded for conceivable irreconcilable circumstances among them and backers of protections. Guarantors of protection pay the rating organisations for giving rating administrations. Hence, the offices

The Reserve Bank of India (RBI) is India’s central bank and the nonsupervisory body responsible for the regulation of the Indian banking system. It’s under the power of the Ministry of Finance, Government of India. It’s responsible for the issue and force of the Indian rupee. RBI established the Public Payments Corporation of India as

What is meant by a legal entity identifier? The legal entity identifier is a unique 20-character alphanumeric code based on the ISO 17442:2012 standard which is used to identify each party separately to the financial transactions all over the world while improving the quality and accuracy of the financial data systems so that better risk management can

The Reserve Bank of India (RBI) is India’s central bank and regulatory body, in charge of the issue and supply of the Indian rupee as well as banking system regulation. It also oversees the country’s main payment systems and works to advance the country’s economic growth. The Reserve Bank Note is a banknote issued by

The guidelines issued by RBI for loans and advances are conferred by the Banking Regulation Act, 1949. It is the master circular that consolidates the instruction issued by the central bank of the nation to the banks on statutory and other restrictions on loans and advances to different sectors of the economy. The rbi guidelines for

India has a mixed economy, and the government of India is completely based on the socio-economic development of the country, and this has been its core principle since the time of independence. Public sector enterprises are the tool which the government uses to develop the country in various ways. It has its own firms and

The pre-packaged insolvency is negotiated with the purchaser sales and its other defects in the sales management. The restructuring of the plan agreed upon in the pre-packaged insolvency process has created the dominant insolvency and other procedures. Meaning of Pre-Packaged Insolvency Resolution Process: The idea of the pre-packaged insolvency resolution process is introduced to reserve

NPA classification RBI 2021: The full form of NPA is non-performing assets. NPAs are loans from Indian banks and other financial institutions that have been overdue for a long time(90 days or more), both in terms of interest and principal. Like any other business, banks should be profitable, but NPAs consume a large portion of