There are several types of agricultural credit, including Short-term credit, Medium-term credit, Long-term credit, Crop Loans, Farm development Loans, Live- stock loans, Kisan Credit cards, Agribusiness loans, agricultural real estate loans, allied agricultural loans, equipment loans, warehouse receipt loan, Forestry loans, Horticulture loan, Multipurpose Gold Loan, Solar pump set loan, etc. Short-term credit: Farmers use…
Projected net working capital (NWC) is the difference between a company’s projected current assets and current liabilities. (i) Projected current assets are the aggregate current assets of a seller, excluding excluded assets, projected as of the Closing Date, and expressly including the value of the inventory as determined consistent with past practice, (ii) Projected current…
Working capital is the operating capital of a business that is used in its day-to-day operations, calculated as the current assets minus the current liabilities. The positive working capital commonly indicates that a company can pay off its short-term liabilities almost immediately. Source of working capital: Sources of working capital are Share Capital, retained profits,…
Three cardinal principles of bank lending have been followed by commercial banks in the employment of their funds. These are the principles of safety, liquidity, and profitability. Safety The important principle of lending is safety which refers to the important fact that the borrower should be able to repay the loan based on character, capacity…
According to news in circulations, Bank Employees Union AIBEA issued a circular on 30.09.2024 about Medical Insurance Policy premium details for joint and single life, and for the Top-up payable by Bank Retirees and family pensioners. From the circular, it is unclear whether a retiree can opt for a lower limit for base or top-up…
Govt. keeps interest rates unchanged on small savings schemes for the third quarter starting October 1 The rate of Interest chart: Scheme Interest rate for October-December 2024 Interest rate for July – September 2024 Interest compounded Savings account 4.00% 4.00% Annual rest 1-year time deposit 6.90% 6.90% Quarterly rest 2-years’ time deposit 7.00% 7.00% Quarterly…
Banks are opening various types of customer accounts. These customer accounts may be individual’s sole accounts, joint accounts, partnership accounts, club accounts, accounts of associations, companies, Government departments, etc. While opening and maintaining accounts for different types of customers, a bank has to comply with the law application to each of them. For opening any…
A bank is a financial institution that deals with money and money-related services, such as accepting deposits and providing loans. The term “banking” as defined in Section 5 means “the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise and withdrawal by cheque, order…
The State Information Commission (SIC) was established under the provisions of the Right to Information Act (2005). It is a statutory body, thus, it is not a constitutional body. The State Information Commission is constituted by all the State Governments in India through Gazette notification. SICs will have one State Chief Information Commissioner (SCIC) and…
The Central Information Commission is a statutory body set up under the Right to Information Act in 2005 that acts upon complaints from individuals who have not been able to submit information requests to a Central Public Information Officer or State Public Information Officer due to either the officer not have been appointed, or because…