Question
What does first ‘P’ in the security instrument
PNCPS, stand for?Solution
Perpetual Non-Cumulative Preference Shares ( PNCPS ) are a type of preference shares which do not have a redemption date and also do not have a cumulative clause for the dividend. These are treated as part of Tier I capital, as per RBI, for the calculation of capital adequacy of the bank.
More Financial Management Questions
Deferred Tax Liabilities’ is shown under which of the following heads in a Balance sheet as per the format given in Companies Act, 2013?
What is the corporate tax rate for domestic companies in India?
As per the revision in GST rates under the GST reforms introduced by the government in 2025, the new GST tax slabs are ____
The stock market indices NIFTY and SENSEX are calculated on the basis of which of the following?
