Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
The Reserve Bank of India has noted that some cooperative societies are using the word ‘bank’ in their names, in contravention of the Banking Regulation Act. Some cooperative societies are…
In the accounting procedures, there are two methods of recording accounts viz. Accrual basis of accounting and cash basis accounting. Accrual accounting is a financial accounting method that allows a…
Edited on 28.04.2022 The Income Tax Department has announced the introduction of a new statement called ‘Annual Information Statement (AIS)’ which would provide you with almost all the details about…
The Reserve Bank on Friday (12.11.2021) announced the activation of the RBI Retail Direct (RBI-RD) Scheme with effect from today. RBI-RD Scheme will bring G-secs such as Government of India…
Edited on December 6, 2024 With the expectation that the publication of the London Interbank Offered Rate (LIBOR) as a benchmark rate will cease by the end of 2021, RBI…
This article talks about how gifts are taxed in India and who need not pay tax on gifts received. Gifting has always been seen as a way for people to…
With the account aggregation solutions, the user doesn’t have to physically provide hard copies of documents from various financial information providers like Banks/NBFCs, Mutual Fund Houses, and Insurance companies to…
( The intent of the clubbing provision is to control tax evasion arising out of the transfer of assets and income to the spouse. Clubbing provisions of the income tax…
One of the major requirements for pensioners to draw uninterrupted pension during their lifetime is to provide life certificates to the authorized pension disbursing agencies like Banks, Post offices, etc.,…
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