Learn how to calculate simple and compound interest with the help of suitable examples. Calculation of Simple Interest: Simple interest is the interest calculated on the original principal only for the time during which the money lent is being used. Simple interest is paid or earned on the principal amount lent or borrowed. Simple interest is ascertained with the help [...]
In 4th-5th century Mesopotamia, Egypt, Greece, Rome were having their own banking activities which were becoming more specialized private and public bodies. Temples also started undertaking more financial activities governed by specific rules and regulations. In INDIAN history Manu Samriti provides rules for trading, commerce and money. The Arthshastra by Kautylaya also prescribed extensively the norms of trading, commerce, lending [...]
After reading this article you will learn about:- 1. Meaning of Asset Liability Management (ALM) 2. Tools of ALM 3. Factors. Meaning of Asset Liability Management (ALM): Asset Liability Management in practical terms amounts to management of total balance sheet items, its size and quality. It involves conscious decisions with regard to asset liability structure in order to maximize interest [...]