Asian Clearing Union (ACU) was established in 1975, after at the initiative of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). The central banks and monetary authorities of India, Islamic Republic of Iran, Nepal, Pakistan and Sri Lanka Bangladesh, Myanmar, Bhutan and Maldives are the current participants in the ACU…
The Negotiated Dealing System (NDS) is a facilitator platform for purchase and sales of Government securities. The members who maintain their Subsidiary General Ledger (SGL) and or Current Account with RBI can participate in the auctions using this platform. Participants are primary dealers, commercial banks and a few Financial Institutions who are permitted to open…
(This article explains the definition of non-performing assets (NPAs), classification of assets, Income recognition and provisioning requirement under prudential norms for all type of accounts including NPA norms for Agricultural loan and specialy KCC) Internationally income from Non-Performing Assets (NPAs) is not recognized on accrual basis but is booked as income only when it is…