Start learning 50% faster. Sign in now
Fintech firm Cygnet has received in-principle approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC) account aggregator. The account aggregator license will allow them to participate in the transformational changes that are taking place in the financial sector. Small and medium-sized businesses will get better credit facilities whilst banks and other financial institutions will get an opportunity to widen their lending portfolio. RBI Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business. Account Aggregator Framework: It is a framework for data sharing between financial institutions like banks, pension funds, insurance companies and assets management companies. Under this, account aggregators (AAs) use technology for simple and secure exchange of the data between the institutions. With AAs, financial data can be used to access a vast array of financial services for your personal or business needs.
A firm uses 70% debt financing at 10% interest. Its ROE rises despite flat operating profits. What explains this phenomenon?
Ratio of net profit before interest and tax to sales is:
What is MIBOR?
Which of the following formulae correctly calculates the Operating Profit Margin?
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
Champion Ltd. define following data for calculating Current Ratio:
Current Assets Rs.20,00,000 ,
Inventories Rs.10,00,000 ,
Working Capital Rs.12, 00,000.
What does the Basic Defense Interval ratio measure?
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
The following data is provided for XYZ Ltd:
• Current Assets: ₹15,00,000
• Inventory: ₹5,00,000
• Current Liabilities: �...
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023: