Introduction In banking and finance, numerous acronyms are frequently used to simplify complex terms. One such acronym is LOD, which stands for Letter of Disbursement. This term is commonly associated with the disbursement of loans. In this article, we’ll dive deep into the meaning, importance, and application of LOD in the banking sector. What is […]
What Are Three Ways Banks Make Money?
How do banks make money In India? Banks are integral to the economy, acting as intermediaries for financial transactions and offering a variety of services. But have you ever wondered, “How do banks make money?” In this article, we’ll explore the top three ways banks in India and globally generate income. 1. Interest Income from […]
NPS vs OPS: Understanding the Key Differences
Regarding retirement planning, pension schemes are crucial for ensuring a financially secure future. In India, two of the most talked-about pension options are NPS (National Pension Scheme) and OPS (Old Pension Scheme). Both have distinct features, benefits, and eligibility criteria; choosing between them depends on various factors. In this article, we will delve into NPS […]
Inventurus Knowledge Solutions IPO: Key Details, Dates, and Insights
The Inventurus Knowledge Solutions IPO is a book-built issue worth ₹2,497.92 crores, entirely comprising an Offer for Sale (OFS) of 1.88 crore shares. The IPO opens for subscription on December 12, 2024, and closes on December 16, 2024. The entire issue is an Offer for Sale (OFS), meaning no new shares are issued. For a […]
Vishal Mega Mart IPO Allotment Status: Date, GMP, Price Band, and Key Details
Vishal Mega Mart IPO Allotment Status: How to Check Details Online via Registrar, NSE & BSE The Vishal Mega Mart IPO allotment status is likely to be finalized today, with the shares expected to list on the BSE and NSE on December 18. The ₹8,000-crore public issue received an overwhelming response during its 3-day subscription […]
CLO Full Form: Understanding Collateralized Loan Obligations
The financial market has evolved significantly, introducing structured investment products that offer opportunities to investors. One such product is the CLO, which stands for Collateralized Loan Obligation. CLOs have become popular in the investment world for their ability to provide diversified income streams. This article explores the CLO full form, its meaning, structure, benefits, and […]
Types of Inflation: Meaning, Causes, and Examples
Inflation is among the most critical economic concepts affecting individuals, businesses, and economies globally. It refers to the sustained rise in the general price level of goods and services over time. While moderate inflation is considered healthy, uncontrolled inflation can disrupt economic stability. This article explores types of inflation, their causes, and relevance to the […]
Commodity Money: The Foundation of Early Financial Systems
What is Commodity Money? Commodity money refers to a type of money that has intrinsic value derived from the material it is made of, such as gold, silver, or other precious metals. Unlike fiat money, which derives its value from government decree, commodity money is valuable because of its substance and utility in trade. Historically, […]
How to Calculate and Record Accrued Interest in Accounting
What is Accrued Interest? Accrued interest is the amount accumulated on a financial obligation, such as a bond or loan, but has yet to be paid or received. This concept is essential in accounting and finance because it helps determine the exact amount of interest owed or earned over a period, regardless of payment schedules. […]
Sterlite Technologies QIP: A Strategic Financial Boost
Sterlite Technologies Ltd (STL), a leading optical and digital solutions provider, has successfully raised ₹1,000 crore through a Qualified Institutional Placement (QIP). This initiative aims to strengthen the company’s balance sheet and fuel its growth plans across global markets, particularly in broadband and digital infrastructure. Understanding Sterlite Technologies’ QIP What is a QIP? A Qualified […]