REFERENCE Archive

FMP: A Good Investment in the Present Interest Rate Scenario

FMP, Fixed Maturity Plan, debt fund, bank, FD, fixed deposit, low risk appetite, interest risk, credit risk, maturity period, NFO, AAA rated, interest lock in, tax adjusted, return, indexation LTCG,NAV, penal interest, pre-mature closure, bank, FD, fixed deposit
Fixed Maturity Plan (FMP) is one of the most sought after debt mutual fund schemes.  Debt mutual funds are ideal investment option for investors with low risk appetite. FMPs are similar to term deposits offered by banks.
28 Oct 18 Author CategoryMutual Fund, Quick Reference No Comment Read More

National Pension System (NPS)- Scheme Features

NPS, National Pension System, PFRDA, Tier I, Tier II, PoP, corpus, annuity, pension, Point of Presence, PRAN, Permanent Retirement Account Number, NSDL-CRA, CRA, Central Recordkeeping Agency, section 80CCD, superannuation, exit
National Pension System (NPS) is a pension cum investment scheme promoted by the Government of India to ensure retirement income to its citizens. NPS was launched on January 1, 2004 with the main objective of providing old
26 Oct 18 Author CategoryInsurance, Schemes, Tax Savers One Comment Read More

Statutory Liquidity Ratio (SLR)

SLR, Statutory Liquidity ratio, MSF, Marginal Standing Facility, penalty, DTL, NDTL, SLR securities
Statutory Liquidity Ratio (SLR) is the percentage of the Net Demand and Time Liabilities, a Scheduled Commercial bank (SCB) is required to maintain in liquid assets. RBI is empowered to stipulate SLR up to 40%. SLR is
25 Oct 18 Author CategoryEverything About No Comment Read More

Cash Reserve Ratio (CRR)

CRR, Cash reserve ratio, DTL, Net Demand and term Liability, RBI Act, penalty, SLR
Cash Reserve Ratio (CRR) is the amount of funds that all Scheduled Commercial Banks (SCB) must maintain with RBI. Regional Rural Banks (RRB) are exempted from maintaining Cash Reserve Ratio. CRR does not carry any floor (minimum)
24 Oct 18 Author CategoryEverything About No Comment Read More

Demand and Time Liabilities (DTL) & Net Demand and Time Liabilities (NDTL)

Demand Liabilities, Term Liabilities , Demand and Term Liabilities, Net Demand and Time Liabilities, DL, TL, NDTL, ODTL, Other Demand and Time Liabilities, Assets with the Banking System, Liability to others
Demand and Time Liabilities (DTL) and The Net Demand and Time Liabilities (NDTL) are two terms openly pop up in connection with monetary review policy of RBI and liquidity in market. Banks are in the business of
23 Oct 18 Author CategoryEverything About Comments 2 Read More

Financial Bill, Finance Bill and Money Bill

(a) to (g), Apportion Bill
India being a federal country, laws can be made separately  by Union Government and State Governments covering their domains. The Union Government (Federal Government) makes laws for the entire country and  the State Governments for their respective
19 Oct 18 Author CategoryEverything About, Indian Economy, Legal Terms and Matters No Comment Read More

Insurance Regulatory and Development Authority of India (IRDAI) 

IRDAI, Insurance Regulatory and Development Authority of India, regulator, insurance, Malhotra committee, GIC
Insurance Regulatory and Development Authority of India (IRDAI) was incorporated in April 2000. IRDA was constituted by the Insurance Regulatory and Development Authority Act, 1999. By the Act of Parliament passed by the Government of India, IRDAI
12 Oct 18 Author CategoryEverything About, Indian Economy, Regulators & Institutions No Comment Read More

Compliance Audit and Risk Based Supervision

RBS, RBA Compliance audit, regulator, Audit, super vision, Risk Based Super vision, Risk based audit, compliance, risk
An audit is basically an inspection of the financial accounts, transactions and conduct of an entity or company undertaken by supervisory authorities. Compliance Audit and Risk Based Supervision (Audit) are two prominent forms of audits. In finance
11 Oct 18 Author CategoryBanking Awareness, Everything About No Comment Read More

Evolution of Corporate Governance in India

Corporate governance, listed companies, stake holder, Board of directors, India, companies Act, SEBI, managing, shareholder, family business, SEBi committees
Corporate governance is all about managing a company by balancing the interest of all stake holders and abiding to the laws of the land. For a company, there are many stakeholders. Some of the major stake holders
9 Oct 18 Author CategoryEverything About, Indian Economy No Comment Read More

Unique Document Identification Number (UDIN) and ICAI

UDIN, Unique Document Identification Number, ICAI, CA, Chartered Accountant, Key value,
Unique Document Identification Number (UDIN) is a computer system generated unique number for validating documents certified or attested by a Chartered Account.  Why is Unique Document Identification Number (UDIN) introduced? There have been many complaints that financial
7 Oct 18 Author CategoryBanking News, Regulators & Institutions No Comment Read More