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Define the "reverse time" variable z = T − t.(t = 0, z = T and t = T, z = 0).Then: Plotted on a time axis normalized to system time constant (τ = 1/r years and τ = RC seconds respectively) the mortgage balance function in a CRM (green) is a mirror image of the step response curve for an RC circuit (blue).The vertical axis is normalized to system asymptote i.e. perpetuity value M a /r for ...
The bank achieved a profit after tax (PAT) of ₹ 2,957 crore (US$340 million) crore in the financial year 2024, maintaining a capital adequacy ratio of 16.82%. The bank's retail loans showing a gross non-performing asset (NPA) ratio of 1.88% and a net NPA ratio of 0.60% as of 31 March 2024. [55]
Home mortgage debt in 1946 represented 66.5% of household debt; consumer credit represented another 24%. By 2009, home mortgage debt had risen to 76% of household debt and consumer credit had fallen to 18.22%. [19] According to the McKinsey Global Institute, the 2007–2008 financial crisis was caused by "unsustainable levels of household debt."
Tax expenditures function as subsidies [1] for certain activities the affect both axis of equity of the basic tax system by giving preferential treatment to those activities.
In March 2024, the Biden administration announced that it would forgive $5.8 billion in student loan debt to 78,000 borrowers under the PSLF program, [136] and then an additional $7.4 billion in student loan debt for 277,000 borrowers from additional changes to the PSLF program the next month, which brought the total dollar amount of student ...
[91] [92] Economists at the Paris School of Economics have commented on the plan, stating that it is already the status quo for coinage currency, [93] and a Norges Bank economist has examined the proposal in the context of considering the finance industry as part of the real economy. [94]
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