Personal loan is a lump sum of money that you borrow from banks or financial institutions based on your past income and credit history.Lenders approval for a personal loan is based purely on your creditworthiness.Personal Loan is classified as an unsecured loan as no asset is kept as collateral / security deposit by the bank or financial institution.To get a … [Read more...] about What is a personal Loan and how can you use it in India
Finance
What is Forex Trading: Is it legal to trade currency pairs in India?
Forex trading, also called currency trading, is the process of buying and selling currency pairs in the foreign exchange market. This market is the largest financial market in the world, where traders aim to profit by taking advantage of currency price changes.Forex is short for foreign exchange, and it involves the trade of currencies like USD/INR (US dollar to Indian … [Read more...] about What is Forex Trading: Is it legal to trade currency pairs in India?
Concurrent audit of Banks: Eligibility, Importance and Role of Auditor
In this article we will cover followings;What is a concurrent audit?Who is eligible to conduct a concurrent audit? and the auditor’s top 10 roles and responsibilities.In India we have two different types of audits: external audits and internal audits. Before discussing these, let us understand the term "audit".The term “audit” usually refers to examination and … [Read more...] about Concurrent audit of Banks: Eligibility, Importance and Role of Auditor
DIR-3 KYC Compliance for DIN Holders: Revised Regulatory Framework and Filing Requirements
Every individual who becomes a company director in India is allotted a Director Identification Number (DIN) by the Ministry of Corporate Affairs (MCA).To keep director records accurate, MCA requires DIN holders to confirm their personal details through Form DIR-3 KYC.As per the latest regulatory change notified by MCA, the filing requirement has been revised and is no … [Read more...] about DIR-3 KYC Compliance for DIN Holders: Revised Regulatory Framework and Filing Requirements
Why is my margin money blocked for trading after selling my shares?
As per SEBI's new peak margin rules, 20% of the value of stocks sold from your portfolio will be blocked for trading on the day you've sold them. The date on which its sold is known as transaction day or “T Day”This blocked margin will be available from the next trading day (T+1).This means, if you have sole shares for Rs 14,549.75, then Rs 2,909.95 (20% of 14,549.75) … [Read more...] about Why is my margin money blocked for trading after selling my shares?