What does KYC stand for and why is it important?
In the fast-paced world of finance, there’s a fundamental principle that underpins nearly every transaction: Know Your Customer, commonly referred to as KYC. While it may sound like just...
What happened in the 1992 Scam?
Introduction: In the annals of India’s financial history, the year 1992 stands out as a watershed moment marked by upheaval and scandal. The stock market scam of 1992, also...
What is the Bank Rate and why does it matter?
At its core, the bank rate represents the interest rate at which central banks lend funds to commercial banks within a country’s financial system. It serves as a benchmark...
What is the difference between Inflation and Recession?
Defining Inflation and Recession: 1. Inflation: Inflation refers to the sustained increase in the general price level of goods and services in an economy over a specific period. It...
What is Financial Transparency and why is it important?
Financial transparency encompasses a range of practices aimed at providing stakeholders, including investors, shareholders, regulators, and the general public, with visibility into an organization’s financial affairs. This includes disclosing...