Non-financial and Financial assets - What is Net worth?

Non-financial and Financial assets - What is Net worth?   By B. Padmanaban www.fortuneplanners.com Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector minus the value of all its outstanding liabilities. Thus, net worth …

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Terminology - Bank: International Bank Accounts

Terminology - Bank :  International Bank Accounts In respect of transfer of funds from one country to another country the transfer of funds is effected through SWIFT (Society for Worldwide Interbank Financial Telecommunication) for which Banks keep their accounts with Interna…

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Electronic Funds Transfer: NEFT Vs RTGS...!

NEFT -  National Electronic Funds Transfer, a nationwide payment system. Through this method, Individuals, Firms & Corporates can transfer funds from one account to another account in any Bank. But, both the banks should be part of NEFT net work. It works through 12 sett…

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Terminology - Share Market : Capital

Terminology - Share Market-  Capital Cash or / goods used to generate income either by investing in a business or / a different income property. The net worth of a business; that is, the amount by which its assets exceed its liabilities. The money, property, and other valuables…

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NRE Verses NRO Account

A non resident can invest  in NRE (Non-Resident External) or  NRO (Non–Resident Ordinary)  Account. In NRE accounts 1. The funds are not taxable. 2. Repatriation of funds in full is permitted. 3. Local earnings and any other local credits are not permitted. In NRO accounts, 1. …

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Terminology - Bank - Debt

Terminology-  Debt An amount owed to a person or / organization for funds borrowed. Debt can be represented by a loan note, bond, mortgage or / other form stating repayment terms and, if applicable, interest requirements. These different forms all imply intent to pay back an …

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Real Estate Terms - High-rise Buildings

High-rise Buildings - Terminology - Real Estate A high-rise is a tall or /  multi-storied building equipped with elevators.But, various bodies have defined the term 'high-rise differently. For instance, the International Conference on Fire Safety in High-Rise Buildings …

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Terminology - Bank - Debit card..!

Terminology - Bank - Debit card A card which allows customers to access their funds immediately, electronically. Unlike a credit card, a debit card does not have any float.

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Bank Account Opening KYC Simplified..!

Guidelines on ‘know your customer’ (KYC) have been further simplified with immediate effect with a view to easing difficulties faced by common persons while opening bank accounts & during periodic updating, according to the Reserve Bank of India (RBI). As per the simplif…

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Depositor Education and Awareness Fund Scheme

The Indian banking sector deposits which have not been claimed for 10 years or / more will be transfered to the Depositor Education and Awareness Fund Scheme.  According to Reserve Bank of India (RBI), The Depositor Education and Awareness Fund will be created by taking ov…

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Difference between Bank SLR and CRR..

Both CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio - mandated investments in government securities) are instruments in the hands of Reserve Bank of India (RBI) to regulate money supply in the hands of banks that they can pump in economy SLR restricts the bank’s…

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SLR Rate: Value and Formula..

SLR (Statutory Liquidity Ratio - mandated investments in government securities) The quantum is specified as some percentage of the total demand and time liabilities ( i.e. the liabilities of the bank which are payable on demand anytime, and those liabilities which are accrui…

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Main Objectives for maintaining the SLR..

The main objectives for maintaining the SLR (Statutory Liquidity Ratio - mandated investments in government securities) ratio are the following:    ** To control the expansion of bank credit. By changing the level of SLR, the Reserve Bank of India (RBI) can increase or decre…

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What is Statutory Liquidity Ratio.. SLR

Statutory liquidity ratio (SLR) refers amount that the commercial banks require to maintain in the form of gold or / govt. approved securities before providing credit to the bank customers. Here by approved securities mean, bond and shares of different companies. Statutory …

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Statutory Liquidity Ratio - SLR

Statutory Liquidity Ratio - SLR Terminology - Bank Statutory liquidity ratio (SLR) refers amount that the commercial banks require to maintain in the form of gold or / govt. approved securities before providing credit to the bank customers. Here by approved securities mean, bo…

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