Question
Which cooperative bank's license was recently revoked by
the Reserve Bank of India due to insufficient capital and earnings prospects, leading to its closure in July 2024?Solution
The RBI cancelled the license of Uravakonda Cooperative Town Bank, citing inadequate capital and earning prospects. This decision required the bank to cease operations effectively, ensuring depositor protection through the DICGC.
A project has initial investment ₹1,00,000 and expected cash inflows ₹30,000 each year for 5 years. Payback period is:
If the PV ratio us 80% and MOS is 20000. Calculate FC if SP per unit is 5 and Contribution is 40000.
An asset is purchased for Rs.50,000 on which depreciation is provided annually according to the straight-line method, the useful life is 10 years and t...
As per the Companies Act, 2013, the audit committee shall have powers:
(i) to investigate any activity within its terms of reference
(ii) ...
The financial statements of the company are approved by ____________ before signed by the chairperson/MD/CEO/directors of the company.
Standard Price (Standard Quantity – Actual Quantity) = ____________.
What is the key difference between internal and external reconstruction?
Calculate the average age of inventory(Assume 360 days in a year):
A company reports an Earnings Before Interest and Tax (EBIT) of ₹6,00,000. It pays annual interest of ₹1,00,000 on its borrowings. The applicable co...
Which of the following is true?
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