Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
RBI announces the issue of the sixth series of the Sovereign Gold Bonds (SGBs) scheme 2021-22. The subscription for gold bonds opens for the public from August 30, 2021, and…
The Indo-Nepal Remittance Facility Scheme was introduced in May 2008 by the Reserve Bank of India, jointly with Nepal Rastra Bank, to provide an avenue to migrant workers of Nepalese…
Updated on 30 August 2021 The Government has notified September 1, 2021, as the date on which the provisions of the Act shall come into force, according to a gazette…
RBI advises banks to make sure that each of their branches maintains a minimum stock of one bag of coins in each denomination. RBI has revised the “Currency Distribution &…
Ministry of Finance (Department of Financial Services) in its letter dated 25.08.2021 addressed to the Chief Executive of IBA conveyed the revision of family pension. According to the letter, the…
Finance Minister Nirmala Sitharaman today announced that the Government has cleared the enhancement of Bank family pension to 30 percent without a ceiling. Further, Bank’s contribution to the Pension fund…
Entiites other than individuals can remit funds outside India for the following purposes which are stipulated under Para 1 of Schedule III to FEM (CAT) Amendment Rules, 2015. AD banks, …
Accounting rate of return (ARR) is a formula that reflects the percentage rate of return expected on an investment, or asset, compared to the initial investment’s cost. ARR calculation can…
Edited and reposted on August 19, 2021 The Capital Budgeting (also known as investment appraisal) is the process of project appraisal to decide whether the big investment in such a…
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