How Banks Compute Interest on Savings Account?

access_time 2020-11-11T14:35:17.192Z face Fin Learn Team
How Banks Compute Interest on Savings Account? Earlier the Interest Rates on Savings Account were fixed by the RBI and was 4% p.a. These Interest Rates were controlled by RBI and all banks were required to pay the same interest rates irrespective of the amount of money kept in the Bank. But on 25th ...

MSME: Definition, Benefits And How To Register As MSME

access_time 1590121920000 face Rohit Kapoor
MSME: Definition, Benefits And How To Register As MSME Micro, Small and Medium enterprises are often abbreviated as MSME. MSME are small-sized enterprises operating in Manufacturing and the Service Sector. The category of these enterprises used to be determined considering the amount of investment i...

Key Takeaways From The Aatmanirbhar Bharat Package

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Key Takeaways From The Aatmanirbhar Bharat Package PM Narendra Modi in his fifth address to the Nation since COVID-19 outbreak announced much-awaited 20-trillion stimulus package – equivalent to 10% of India’s GDP. The package will cater to various sections including cottage industry, MSMEs, laboure...

Coronavirus Impact On Financial Statements For Financial Year Ending 31.03.2020

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Coronavirus Impact On Financial Statements For Financial Year Ending 31.03.2020 Recently World Health Organization has declared Coronavirus (COVID-19) as a Global Pandemic. When I am writing this blog, the confirmed cases of the people affected by this deadly virus are over 5.50 Lakh, with over 25 t...

Yes Bank To No Bank: Case Study On Collapse Of Lender

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Yes Bank To No Bank: Case Study On Collapse Of Lender Hey Guys! The topic of today’s blog is Yes Bank case study. In today’s article, we will discuss how the 4th largest private sector bank of India collapsed. So read the article to know the complete details. Brief Introduction YES BANK was founded ...