Disclosure Requirements of Banks to Notes to Accounts,
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…
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What are turnover ratios?
Turnover ratios can refer to the percentage of a portfolio’s equities that are replenished in a fiscal period, or the time it takes a business to sell goods it has acquired. There are several types of turnover ratios, including. The turnover ratios or inter-statement ratios represent the quantity of any assets or liabilities used by…
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‘Digital Arrest’ Scam: NPCI alerts UPI users
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…
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Principal Books of Account maintained in banks
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…
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Definition and Functions of a Bank
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…
Understanding the funds flow statement
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…
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