What is a Statutory Liquidity Ratio or SLR?Statutory Liquidity Ratio (SLR) is the essential reserves requirement expected from banks before giving customers credits. It is a minimum percentage that commercial banks have to adhere to in terms of cash, gold, or security. The Reserve Bank of India (RBI) does
The IPO boom took over Indian markets in 2021. Its effects are still evident, with major companies like LIC, Ola, Bajaj Energy, and Delhivery expected to issue IPOs in 2022. However, the initial enthusiasm has been replaced by wariness amongst consumers, with the stock prices of companies such as One97
The 50/30/20 rule provides a plan to budget your after-tax income into different spending buckets. How do you plan your expenditure? You all have access to limited financial resources and multiple avenues to spend them. So how do you allocate your scarce financial resources among your multiple competing
IntroductionIf you are a salaried employee, you must have come across the term "salary arrears" in your career. But, what exactly does payment in arrears mean? It's a bit of accounting jargon that everyone should know but is often misunderstood. Let's break it down and look at what the term
If you are a professional, particularly working remotely in the pandemic, you probably know that working from home is not as fascinating as it sounds. Yes, you do have the comfort of being in your pajamas, but it can get incredibly monotonous. Some months into work from home and everyone
We all secretly desire a beautiful mansion, vacations steeped in luxury, and high-end cars and gadgets, don’t we? But, fulfilling these dreams costs money—a lot of it. And for most of us, money is a limited resource, something we always need to save for a rainy day. It
Before you avail of a loan, consider whether the lender you have approached has a provision to prepay the loan. Sometimes, when you have an excessive inflow of cash, you can direct the extra funds to your loan and pay it off before the end of its tenure. This is
An Equated Monthly Installment, popularly known as EMI, is a payment made by a borrower to the lender. This payment is constant or fixed and is made on a pre-determined date every month. The EMI consists of both the interest and the principal and when paid over the course of
Wondering what is liquidity ratio? Simply put, it is a metric that helps understand a company’s ability to pay off short-term debt. It is helpful to estimate whether a company’s current assets can cover its liabilities. It is largely used by banks and other financial institutions to determine
