The minimum interest rate below which banks cannot lend to most borrowers
A provision that ensures a taxpayer's tax liability does not increase disproportionately when income marginally crosses a threshold that triggers a surcharge. Caps the additional tax payable to the amount by which income exceeds the threshold
A facility under which scheduled commercial banks can borrow overnight funds from the RBI at a rate higher than the repo rate
The practice of valuing a mutual fund's portfolio at current market prices at the end of each day to calculate the NAV. Ensures that the NAV reflects the true current value of the underlying assets. Debt fund NAVs are also marked to market
The total market value of a company's outstanding shares
A combination of two or more individual goods or services supplied together for a single price
A temporary pause on loan repayments granted by a lender
The initial period at the start of a loan tenure during which the borrower is not required to make EMI payments. Common in education loans and project finance. Interest accrues during the moratorium and is either added to the principal or paid separately
An equity mutual fund category mandated by SEBI to invest at least 25% each in large-cap