Question
A transaction banking platform NEO for Business has been
launched for the Indian Micro, Small and Medium Enterprises (MSMEs) that will offer features like digital self on-boarding, bulk payments, GST compliance invoicing, payment gateway integration, end-to-end transaction tracking among others. Which bank has launched this platform?Solution
Axis Bank has launched a transaction banking platform for the Indian Micro, Small and Medium Enterprises (MSMEs) called NEO for Business. It will cater to the real, current, and emerging transaction needs of Indian MSMEs. The NEO for Business platform offers features like digital self on-boarding, bulk payments, GST compliance invoicing, payment gateway integration, end-to-end transaction tracking, auto reconciliation, cash flow reports, and recurring collections, among others.
 Interest paid on Debentures will come in which of the following activities in the Cash Flow Statement?
A company shows Net Profit of ₹12 crore, Depreciation ₹8 crore, Increase in Receivables ₹10 crore and Increase in Payables ₹4 crore. What is the...
A project proposes Debt of ₹140 crore and Equity (including reserves) of ₹60 crore. The industry norm allows maximum Debt–Equity of 2:1. What is t...
A term loan of ₹80 crore is secured by Plant & Machinery valued at ₹90 crore and land valued at ₹30 crore. The forced sale value of machinery is a...
As per the accounting standards, impairment loss on an asset occurs when recoverable amount is less than the carrying amount. Which of the following cor...
Match the following:
