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Zero Balance Current Account: A Quick Explainer

Razorpay

Powerful current accounts always come with a caveat; a minimum balance requirement. Whether it is a few ten thousand or a few lakhs, most accounts are not zero balance current accounts. Would a zero balance current account really be so beneficial to businesses?

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Corporate Accounting: Meaning, Importance & Explanation

Razorpay

Corporate accounting is a special kind of accounting meant for businesses to record and monitor money movement. Knowing how corporate accounting works and its role in facilitating the growth of a business is important because it plays a fundamental role in the smooth functioning of business financials.

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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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Razorpay set to save Indian Exporters $5 Billion, launches MoneySaver Export Account

Razorpay

According to a Government of India report, the country’s overall exports for May 2023 crossed $60 billion. But no longer! Introducing Razorpay’s MoneySaver Export Account Razorpay proudly announces the launch of MoneySaver Export Account, an exclusive offering for Indian exporters.

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The Collapse of Silicon Valley Bank: The Start of Great Financial Crisis 2.0?

Mergers and Inquisitions

In 24 hours, it went from “We’re fine, but we took some losses and need additional capital” to “The FDIC is taking over, the government has guaranteed uninsured deposits, and there might be additional bank runs and a financial crisis or three.” It’s the second-biggest bank failure in U.S. Who deserves the blame. But the U.S.

Banking 123
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How This Dealmaker Closes a Business Acquisition Every Week—WITHOUT Using His Own Money!

How2Exit

Key Takeaways: Vendor Financing as a Deal-Making Tool – Richmond explains how structuring deals with seller financing, instead of traditional bank loans, helps align interests and often results in better terms for both buyers and sellers. Overcoming Seller Expectations – Many business owners overvalue their companies.

Business 130
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Co-op banks to soon be able to do compromise settlements, write-off on NPAs

Business Standard - FInance

Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. It can be noted that the cooperative lending sector frequently makes headlines for lack of governance practices and conflicts of interest.

Banking 98