The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters. Its 45 members comprise central banks and bank supervisors from 28 jurisdictions. Basel III reforms are the response of the Basel Committee on Banking Supervision…
In terms of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read with SEBI circular no. CIR/ CFD/ CMD/4/2015 dated September 09, 2015; the Bank is required to make disclosures of any events or information which, in the opinion of the board of directors is material. Listing Regulation…
Many methods and techniques are used in the analysis of financial statements including profit and loss accounts. They include (i).Trend analysis (Historical standard): A comparison is done of current performance with past figures of the firm. (ii). External Standards: Comparison is done between the two business concerns of the same size, which can also be…
The Government of Uttar Pradesh vide order No. 870/3-2024-39(2)/2016 dated 17.12.2025 declared following days as General Holidays for the year 2025 Sr.No Date Day Occasion/Festival Date 1 14.01.2025 Tuesday MD.HAZARAT ALI’S BIRTHDAY 2 26.01.2025 Sunday REPUBLIC DAY 3 26.02.2025 Wednesday MAHA SHIVRATRI 4 13.03.2025 Thursday HOLIKA DAHAN 5 14.03.2025 Friday HOLI 6 31.03.2025 Monday ID-UL-FITR…
Financial statement disclosures are non-financial information that appears at the end of a financial statement. This information helps investors, lenders, and others make decisions. The Basel Framework’s Pillar 3 outlines a set of public disclosure requirements for internationally active banks. These requirements provide market participants with information to assess a bank’s capital adequacy and material…
NPCI warns users about the rising ‘Digital Arrest’ scam targeting UPI users, in which scammers posing as officials use fear tactics to extract money or sensitive data. Be cautious if someone who claims to be from government agencies like the police, CBI, income tax officers, or customs agents, contacts you. The ‘Digital Arrest’ scam is…
Correct and accurate compilation of financial information and its disclosure, in a manner that is standardized and understood by stakeholders, is central to the credibility of the corporates including banks. The preparation of financial information and its audit is regulated by the banking regulator in India (RBI) with stringent penalties for non-observance. Accounting Standards serve…
Books of Accounts include documents and books used in the preparation of financial statements. It includes journals, ledgers, cash book,s and subsidiary books. The principal book of accounts in a bank is the General Ledger (GL), which is also known as the book of final entry. Banks maintain a general ledger that summarizes all financial…
Section 5(b) of the Banking Regulation Act of 1949 defines “banking means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, and order or otherwise”. Deposits accepted by the banking institution are the money received from the people…
A company’s cash flow and fund flow statements reflect two different variables during a specific period. The funds flow statement takes both cash and non-cash items for accounting. A funds flow statement is useful to study the funds exactly available for working capital from long-term sources. It also enables the assessment of an entity’s ability…