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In finance, a Zero Balance Account (ZBA) is a system of cash pooling (to consolidate the cash balances of several subsidiaries of a single company). This system is designed to leave in the current accounts of the subsidiaries the minimum amounts to be able to deal with their debts contracted.
The Government aims to reduce the number of such zero balance accounts by using this and related schemes. [3] Now all bank account holders can avail this facility through their net-banking service facility or filling a form at the bank branch at any time of the year. [4] The premium is deducted automatically from the insured's bank account.
[13] [15] HDFC was promoted by the Industrial Credit and Investment Corporation of India . [16] Hasmukhbhai Parekh played a key role in the foundation of the company which started with the main aim of solving the housing shortage in India and steadily grew thereafter. [13] In 2000, HDFC Asset Management Company launched its mutual fund schemes ...
Zero balance account, a system of cash pooling; ZBA, the station code for Zahirnagar railway station, Pakistan; zba, the ISO 639-3 code for Balaibalan, the oldest ...
Liberals accuse elderly husband of US senator of snubbing Harris’ handshake — here’s what really happened
The HDFC was established under the National Housing Act No. 37 of 1957 and it commenced operations in June 1984. [4] The Housing Development Finance Corporation of Sri Lanka Act No. 7 of 1997 passed in the parliament of Sri Lanka. Under the act, the HDFC was established as a state-owned enterprise. The act was amended in 2003, allowing the HDFC ...
In this example, you’d pay exactly $3,000 total with the 0% intro APR card, whereas with a traditional credit card charging 20% APR, you'd pay about $415 in interest if you took 15 months to pay ...
The end of the holiday weekend added two fresh examples of a historic shift on Wall Street: More CEOs than ever are heading for the exits. Over the past 24 hours, the leaders of chipmaker Intel ...