Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
There are two possibilities in a bank account maintained by a customer viz. (i) a deposit account is opened in a bank with a valid nomination or with the survivorship…
Section 42 of the Indian Partnership Act, 1932 (“Act”) provides for dissolution of partnership on occurrence of certain contingencies which includes ‘death of the partner’ or ‘adjudication of a partner…
The Reserve Bank of India (RBI) has issued revised guidelines pertaining to liquidity standards, with a particular focus on the Liquidity Coverage Ratio (LCR), following feedback from stakeholders. These amendments,…
Limited companies are of two kinds. They can be classified as (i) Private Limited companies (ii) Public Limited companies. A private limited company is a form of privately held business…
(Last updated on August 04, 2024) Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering, and terrorist financing. KYC involves several steps to:…
A current deposit account, commonly known as a current account, is a type of demand deposit account specifically designed to accommodate frequent and high-volume financial transactions. These accounts are primarily…
A trust is a fiduciary relationship between the trustor and the trustee. A Trustor is just the person who creates and opens a Trust. A trustee is a person or…
The sole proprietor is an individual owner of a business or contract. He/ She are liable to pay liability of the proprietorship as personal liability and also pay income tax…
A current deposit account, commonly referred to as a current account, is a type of demand deposit account primarily designed to facilitate frequent and high-volume transactions typical of business establishments.…
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