Startup capital (also known as seed money) refers to the money that is required to start a new business. Startup funding involves a successive series of funding rounds such as Series A, Series B, Series C etc. The money can Continue Reading
A Red Corner Notice (RCN) is a request to locate and provisionally arrest accused individuals who are wanted for extradition. It is issued by the General Secretariat at the request of a member country based on a valid national arrest Continue Reading
Cash credit is a short term credit facility to withdraw money from a current bank account without having available balance. The credit facility is usually backed by collateral security such as hypothecation of raw materials, stock-in-trade, debtors etc. The interest Continue Reading
Small finance banks are licensed u/s 22 of the Banking Regulation Act, 1949 to provide basic banking activities of accepting deposits and lending to unbanked sections including small and micro. Every small finance bank must have the words -- small finance Continue Reading
RBI vide its circular dated February 12, 2018 has revised its guidelines for resolution of stressed assets to harmonise them with IBC. The guidelines require the lenders to identify the any stress indication in loan accounts, including a one day delay, and Continue Reading
An e-way bill is an electronic document required for transportation of goods (whether inter-state or intra-state) when the value of taxable consignment exceeds Rs 50,000 through motorized conveyance. The e-way bill must be generated before commencement of such movement of goods Continue Reading
Prompt Corrective Action (PCA) is a tool used by the RBI to assess, monitor, control and take corrective actions against banks which show weak financial health. PCA gets triggered when the banks breach the four key regulatory trigger points. The 4 Continue Reading
Fiscal deficit is defined as the excess of total budget expenditure over total budget receipts, excluding borrowings, during a fiscal year. In simple words, it is amount of borrowing the government has to resort to meet its expenses. A large Continue Reading
Corporate Insolvency Resolution process (CIRP) is a mechanism under the Insolvency and Bankruptcy Code (IBC) to facilitate a transparent and quick debt resolution process for recovery of non-performing assets (NPAs). A financial or an operational creditor or the corporate debtor ( Continue Reading
Affordable Housing is a government mission under the the Pradhan Mantri Awas Yojana (PMAY) to provide low-cost housing units to Low Income Group (LIG), Middle Income Groups (MIG) and Economically Weaker Sections (EWS). Affordable housing is based on the carpet Continue Reading
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