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Press ReleaseDaily Archives: November 14, 2024
Have you ever thought about how banks manage the funds that are deposited? Or why do regulations ensure financial institutions do not lend out every rupee they receive? These questions bring us to the concept of the Cash Reserve Ratio (CRR). Understanding CRR is essential, as it considerably affects the economy, impacting everything from inflation to…
When was the last time you checked your bank statement? Did the interest credited seem lower than expected? You might not be accounting for accrued interest. It is key to calculating interest earnings and payments. If you deal with loans, bonds, or savings accounts, knowing what accrued interest is, is crucial. What Is Accrued Interest?…
A sole proprietorship is the simplest and most common form of business structure in India. The term “sole” indicates single, and “proprietor” refers to the owner, meaning that one individual owns and manages the entire business. This individual has complete control over all operations and decisions but also bears full personal responsibility for the business’…
Managing a small business is no simple task. From ensuring smooth operations to managing finances, the responsibilities are endless. Your choice of a current account can make a significant difference in saving both time and money. By leveraging the right account features and banking services, small business owners can optimise their financial management and focus…
Running a startup can be challenging. From hiring the right employees to managing finances, taking care of business operations is difficult. Having the right banking solution can prove to be a boon during such a period. This is where a current account for startups comes into view. For the uninitiated, a current account for startups…
