Working Capital is a financial indicator of operational liquidity of a business organization. Working Capital is the short term assets to cover the short term liabilities of the organization. Working Capital is calculated as Current Assets – Current Liabilities, also represented as Net Working Capital. The Working Capital Ratio or Read more…
Letter of Credit (LC) and the ‘Standby Letter of Credit’ (SBLC) are used by Importers and Exporters in International Trade to ensure financial safety so that payment of the supplier is assured of payment once he has performed his obligation. While LC is used as a primary method of payment, Read more…
Punjab National Bank (PNB) has announced a Diwali surprise event for its employees. To express gratitude and goodwill It increased the value of this festival gift by Rs 1,000 to Rs 2000. The bank’s decision comes ahead of the upcoming Diwali celebrations. The aim is to boost staff morale and Read more…
What Is CGTMSE? CGTMSE — the Credit Guarantee Fund Trust for Micro and Small Enterprises — is a joint initiative of the Government of India and SIDBI, established in August 2000. Its core purpose is to remove the biggest barrier MSME borrowers face: the demand for collateral security. Under the Read more…
Bankers in India are asking for 5 days banking for more than a decade now. Where some countries are now shifting to 4 days work week, India’s bank employees even do not see a hope of 5 days work week. Even the new labour code is talking about permitting four Read more…
What Is Interest Coverage Ratio in Banking? The Interest Coverage Ratio (ICR) — also called the Times Interest Earned (TIE) ratio — measures how many times a business can pay its interest obligations from its operating earnings. In simple terms, if a company earns ₹3 in operating profit for every Read more…
📅 Archived — November 2022–January 2023 DA Looking for current DA? See DA from May 2026 → DA for Bankers has increased for the quarter November 2022 to January 2022. CPI data for the month of July, August and September 2022 has been released, which is as under: 📈 DA Read more…
If you are appearing for promotion in your bank this year, you might have various questions in mind and the most important one is “How to clear the bank promotion exam”? What to study for the promotion test and interview? What questions are asked in promotion test in public sector Read more…
CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) is a government-backed guarantee scheme that enables banks to extend collateral-free loans up to ₹2 crore to micro and small enterprises. It was established jointly by the Ministry of MSME and SIDBI in 2000 to remove the collateral barrier that Read more…
A letter of credit is issued (opened) bank a Bank on the request of his buyer customer in favour of seller, which is an undertaking by the bank to make payment to the seller if fulfills his obligations. The process of Letter of Credit is described in the following images and also Read more…