The lessor is the property or asset owner who rents it out, receiving payments for its use. On the other hand, the lessee is the party paying to use the property or asset under agreed terms. There are different types of leasing namely Finance Lease; Operating Lease; Leveraged Lease; Conveyance Lease; Sale & Leaseback; Complete…
[The article gives details of how much money in cash you can bring to different countries how much foreign currency can be purchased on cash payment, the purpose for which foreign currency can be purchased, Usage of cards on foreign travel, the limit for Indian currency that can be brought into India from abroad, the…
Leasing is a contract that allows a company to use an asset for a set period of time in exchange for payment. “Leasing” requires a legal agreement where one party (the lessor) grants another party (the lessee) the right to use an asset for a specified period of time in exchange for regular payments; essentially,…
Government Security (G-Sec) is a tradable instrument issued by the Central Government or the State Governments. The Government concerned acknowledges the Government’s debt obligation. G-Secs is a collective term for T-bills (Treasury Bills) and bonds or dated securities. The instrument’s maturities of less than 1 year are called T-bills and those of more than one…
Corporate bonds are debt securities issued by private and public companies in the market to raise funds from investors. These bonds provide fixed payments of interest and these bonds are less risky investments compared to stocks. The bond market is the collective name given to all trades and issues of debt securities and includes corporate,…
Corporates with a short-term surplus can place their deposits with Inter Corporate Deposits based on the ongoing rates of collateralised borrowing and lending obligation (CBLO), and Call Rates in the Money Market. The minimum period of deposits should be starting from a minimum of 7 days in the form of Inter Corporate Deposits (ICD). In…
Enhanced Access & Service Excellence (EASE) was conceptualized to improve Risk assessment, NPA management, deepening financial inclusion, enhancing Customer service, initiating Digital transformation, Retail and MSME Credit off-take, developing Analytical capabilities, HR transformation and Governance, etc. The Government of India and Public Sector Banks (PSBs) jointly committed to and launched a common PSB Reforms Agenda…
A bad bank is simply an Asset Reconstruction Company (ARC) designed to absorb bad loans or NPA accounts of banks that are written off or deemed by banks as doubtful or lost assets. These are the assets against which banks have already set aside money by way of provisions to cover the losses. Banks sell…
The Securities and Exchange Board of India was constituted as a non-statutory body on April 12, 1988, through a resolution of the Government of India and was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force…
Pension Fund Regulatory and Development Authority (PFRDA) is a regulatory body established in 2003 with its headquarters in New Delhi. PFRDA was initially designed for government employees exclusively, but its services were subsequently expanded to include all Indian nationals and NRIs, including self-employed persons. On 23rd August 2003, the Interim Pension Fund Regulatory & Development…
