The issue price of Sovereign Gold Bond (SGB) fixed at Rs.2684/ per gram of gold
Benefits of Sovereign Gold Bond (SGB) over physical form of gold Today (October 3, 2015), the Government announced the issue price of Sovereign Gold Bond (SGB) at Rs.2684/- per gram of gold. The SGB bonds are denominated in grams of gold to be issued on November 26, 2015 by RBI on behalf of Government of…
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How the Liquidity Risk manifests in Banks?
Liquidity risk arises when a bank fails to meet its contractual obligation in its daily operations due to non-receipt of adequate inflow of funds. If you call a bank is having adequate liquidity, it means that bank is in a position to efficiently discharge its financial obligations both at expected and unexpected short term financial…
Read articleRBI nicks rate by 50 BPS, REPO rate under LAF reduced to 6.75%
RBI nicks rate by 50 BPS, The policy repo rate under LAF reduced to 6.75 per cent In the fourth bi-monthly monitory policy statement for 2015-16 (29.09.2015), RBI said that on the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to reduce the policy repo rate under the…
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What is Integrated Risk Management in Banks?
Traditionally, banks used to have two separate track approach for credit risks and market risks. The Asset –Liability Management Committee (ALCO) of the bank used to deal with various types of market risks whereas the Credit Policy Committee (CPC) continued taking care of credit/counterparty and country risks. However, in the recent years, as a result…
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Foreign Currency Accounts of Ship-manning and Crew management agencies
The shipping or airlines company incorporated outside India can open, hold and maintain non-interest bearing foreign currency account with AD category-I bank in India. The balance available in that type of foreign currency account can be used by Shipping or Airlines Company for the purpose of local expenses. The AD banks who open such foreign…
Difference between Subsidiary company, Sister concern, Associated company,Joint Venture,Conglomerate and Group of companies
A Subsidiary company can be described as an enterprise, the management of which is controlled by a parent company. The parent company is one which has one or more subsidiaries. In all cases the parent company will hold more than half of the voting power of the subsidiary company and controls financial and operating policy…
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