Income tax slabs are announced by the Finance Minister in the annual budget. These income tax slabs are crucial for taxpayers as it helps to calculate the total tax that an individual has to pay for a fiscal year. As…
Basis Points (BPS) is a critical standard of unit in finance that represents one-hundredths of a percentage point (0.01%). It is one of the prudent indicators that impact financial decisions and valuations. The basis points are used by RBI, bond…
Have you ever held onto something just because you’ve already invested time, money, or effort into it, even if it wasn’t making sense anymore? If yes, then you’ve encountered the concept of sunk costs. In this blog, we’ll break down…
The Repo Rate is the interest rate at which the central bank lends money to commercial banks with the idea of regulating credit availability. While the reverse repo rate is the rate at which a commercial bank lends funds to…
Imagine you’re walking through your neighbourhood and notice a broken pipe gushing water into your neighbour’s yard while they’re away on vacation. Without a second thought, you call a plumber and pay for the repair to prevent further damage. When…
Pre-payment penalties are implemented by lenders to minimize the financial risks that can be associated with early loan repayment. While pre-paying a loan can seem like a responsible financial move, it’s crucial to be aware of potential obstacles, such as…
The total currency and the liquid assets available in an economy at a given time are known as the Money Supply. It consists of physical currency, such as coins and banknotes, and digital money stored in various forms in banks.…
In the financial world, the concept of leverage ratio plays a significant role, especially in assessing the financial health and stability of different companies. It is a type of financial measurement that looks at how much capital comes in the…
In today’s digital era, online transactions have become the new normal. Interchange fees are the charges that a merchant’s bank account pays to process credit and debit card transactions. In this blog, we will delve into the world of interchange…