Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
The export order received by an exporter from a foreign buyer may be on FOB terms, CIF firms, and CIP or CPT terms are among the most common of the…
The Basel III rule introduced several measures to strengthen the capital requirement of banks across the globe and presented more capital buffers to supplement the risk-based minimum capital requirements. This…
(This post provides the risk weight table for on balance sheet and off-balance sheet category of assets) Updated on November 17: RBI increases risk weights on consumer credit exposure of…
In terms of Accounting Standard (AS) 11 FCTR or foreign currency translation reserve arises due to the translation of financial statements of bank’s foreign operations. FCTR is reckoned at a…
Trial balance is a part of accounting process which is a list of debit and credit balances taken from all the ledger accounts. The trial balance may be prepared on…
Types of accounting errors include ‘Error of principle’,’ Error of Omission in accounting’, ‘Error of commission’, ‘Compensating Error’, ‘Error of original entry’, ‘Complete reversal of entries’. Error of principle in…
The Capital of a bank is divided into different tiers according to the characteristics / qualities of each qualifying instrument. The Basel III framework tightens the capital requirements by limiting…
The maxim practiced by the banks is “Buy Low Sell High” for direct quotations and “Buy high Sell Low” for indirect quotation. Let us take an example of a fruit…
There are two ways to quote a currency pair, known as direct quote and indirect quote. A direct currency quote or home currency quote is simply a currency pair in…
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