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Difference between TT (Selling) Rate and B.C (selling) Rate
Difference between TT (Selling) Rate and B.C (selling) Rate TT (Selling) rates are used for remittance from one country to another by telegraphic transfer and payment involves no loss of interest profit. BC (selling) rate is applied against the import, which requires some extra work. Therefore the rate represents the […]
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Difference between Letters of Credit vs. Documentary Collection
Difference between Letters of Credit vs. Documentary Collection Letters of Credit in a Nutshell A letter of credit is an arrangement where an issuing bank (typically, the buyer’s or importer’s bank) unconditionally guarantees to pay the seller’s bank when the goods are delivered along with specific documents containing very precise […]
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How to open a savings account in ICICI Bank?
How to open a savings account in ICICI Bank? Who can open ICICI Bank savings account? 1) Who is an Indian citizen 2) The applicant should be 18 years old or above. In case of minors as per bank rules 3) The applicant has to proof of address and valid identity […]
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Precautionary Measures at Cash Counter to Fight against Covid-19 and other Contagious Diseases
Precautionary Measures at Cash Counter to Fight against Covid-19 and other Contagious Diseases Contagious: the communication of disease one person to another by close contact. Epidemic: when a disease affects a large number of people within a community, population, or region. Pandemic: An epidemic disease that spreads over multiple countries’ […]
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Last one hour- global Banking news
Last one hour- global Banking news Last one hour- global Banking news 11.45 PM Margin compression is coming for Indian banks’ books, but not yet https://www.livemint.com/market/mark-to-market/margin-compression-is-coming-for-india-s-banks-but-not-yet-11614680879155.html Assessing goodwill impairment amid COVID-19 https://www.journalofaccountancy.com/news/2021/mar/assessing-goodwill-impairment-amid-coronavirus-pandemic.html Cevian calls on boards to end ‘ESG box checking’ and set pay targets European activist investor’s warning comes […]
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Bank of England prepares first clear break from Brussels
Bank of England prepares first clear break from Brussels – EU rules torn apart! The bank o England is preparing to tear up the EU rulebook as Brexit Britain begins to re-shape the financial sector. Regulators have outlined proposals to diverge from the European Unions’ rulebook as stricter EU roles […]
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About International Business Ethics
About International Business Ethics Rationales of International Business Misunderstandings about MNCs Intergovernmental Understandings Impact of Operations of the Multinationals Desired Operations to Ensure Mutuality Internet Business Caux Round Table Conference Codes International Business in Islam Summing Up MNC stands for Multinational Company/Corporation. David W Ewing defined MNC, …a company having […]
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How to import and export under Mudaraba
How to import and export under Mudaraba Import and export under Mudaraba Mudaraba: Mudaraba is a deed on the basis of which an agreement is signed between a bank and a person (real person or a legal entity) in order to enter into a commercial (purchase and/or sale of goods) […]
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The A – Z of Classified Investment
The A – Z of Classified Investment Faq-Classified investment related questions are given below: ✅ Question : 01 :: What is the Categories of Loans and Advances ? Ans: All loans and advances will be grouped into four (4) categories for the purpose of classification, namely- (a) Continuous Loan (b) […]
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What do you know about “Certificates of origin ”as per ISBP?
What do you know about “Certificates of origin ”as per ISBP? Ans: CERTIFICATES OF ORIGIN : Basic requirement 196) A requirement for a certificate of origin will be satisfied by the presentation of a signed, dated document that certifies to the origin of the goods. Issuers of certificates of origin […]
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