If you have a regular deal with a bank you may know about the banks in India, which are offering which products, interest rates, etc. The banking industry of India is growing fast with entry of lots of new private sector banks along with foreign banks entry into the country. The public sector banks are … Read more
NSDL Full Form NSDL Full Form is National Security Depository Limited and CDSL full form is Central Depository Services (India) Limited. As name suggests, NSDL and CDSL are depositories of India. The Depository Participants of NSDL and CDSL has formed Depository Participants Association of India (DPAI). The first proposal to form such an association was made during a Depository Participant’s meeting held on 23rd July 1999 at Mumbai. It came into existence on 20th September 1999 at New Delhi. The association got registered under the Societies Registration Act,1860 on 21st December 1999. The meeting was attended by representatives from well- known DPs like Stock Holding Corporation India Limited (SHCIL), Centurian Bank, ANZ Grindlay Bank and many more. During this meeting an ad hoc committee was constituted for framing bye-laws of the proposed Association. The committee was headed by unanimously elected Mr.V.D. Aggarwal, Chairman of Abhipra Capital Limited. The committee under his guidance framed bye-laws and successfully got it approved during … Read more
The full form of PPF is Public Provident Fund. PPF is an Tax free saving scheme offered by the Government Of India wherein an interest in your account is deposited every quarter and it is paid by government. The PPF interest rate for this Quarter (July 1 to September 30) is 7.10% . PPF Interest … Read more
Standalone VS Consolidated Financial Statements: Financial Statements are very crucial while doing Fundamental analysis of a company. Financial Statements are available in company’s Annual report. Financial statements provide information on debt and liabilities of a company, it’s balance sheet, cashflow statements and also Profit and loss statements are provided in financial statements of a company. … Read more