What is an IFSC code? IFSC stands for Indian Financial System Code. It’s an eleven-digit code written in an alphanumeric format that identifies the branch in the National Electronic Fund Transfer (NEFT) network. The … READ FULL STORY
What is a CIBIL Score? A CIBIL score is a consumer’s credit score that tracks a person’s past credit behaviour, such as borrowing and repayment habits. It is a three-digit numeric system shared by … READ FULL STORY
RIA full form is Registered Investment Advisor. It is an individual or organisation that counsels private clients on their financial investments. RIAs owe loyalty and trust to their customers, known as a fiduciary obligation, … READ FULL STORY
The Net Asset Value (NAV) of a mutual fund scheme refers to the market value of all the securities held by it. The NAV of a mutual fund scheme is used to assess its … READ FULL STORY
Section 194A talks about TDS payable on interest, except securities. This covers interest on fixed deposits, recurring deposits, unsecured loans and advances. Section 194A is only made available for residents. Therefore, the payment of … READ FULL STORY
An ELSS (equity-linked savings scheme) is a popular choice among investors who look to invest in mutual funds. In comparison to other popular investment options like Public Provident Fund, PPF and bank deposits, ELSS … READ FULL STORY
What are FPOs? Follow-on Public Offers or FPOs, also known as secondary offerings, are issued by a stock exchange company, listed to reduce debt. FPOs are not to be confused with IPOs (Initial Public … READ FULL STORY
Austerity refers to a set of economic measures that a government has enacted to reduce public debt. Governments take this step when their public sector debt is huge and there is a greater chance … READ FULL STORY
Taxation is the act of levying or imposing a financial obligation upon residents of a country by a taxing authority, most often the government of the country. Understanding taxation Taxation is legally distinct from … READ FULL STORY
Credit control, also known as credit policy, consists of the tactics used by businesses to increase sales of products or services with the extension of credit to potential customers or clients. In the initial … READ FULL STORY
Trading accounts have revolutionised the way people operate in the stock market. This new way of maintaining shares has proved to be more convenient and speedy as compared to the old systems of open … READ FULL STORY
Ratio analysis is used to examine many aspects of a company like profitability, liquidity, and operational efficiency by evaluating financial documents like the balance sheet and income statement. The fundamental study of a company’s … READ FULL STORY
Equifax, a credit rating agency approved by SEBI, offers a business-to-business e-portal called ePORT. This portal allows firms to access their credit score and transaction history. Equifax collects credit information from lenders to provide … READ FULL STORY
