Business
BANKING FINANCE
SIGNIFICANT HURDLES IN MAKING FULL RANGE OF FINANCIAL SERVICES AVAILABLE TO ALL
Despite making rapid strides in digital transactions and expansion of universal banking services to the last mile, there are still significant hurdles in making the full range of financial services available to all sections of the population, especially those in low income groups and senior citizens.
2 min |
July 2022
BANKING FINANCE
PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS-A HYBRID FRAMEWORK TO SAVE VIABLE MSMES
MSME sector in India is second largest employment generator after agriculture, and acts as a breeding ground for entrepreneurs and innovators with considerable support in strengthening business ecosystem.
9 min |
July 2022
BANKING FINANCE
E-RUPI
(A Prepaid Electronic Gift Voucher for specific purpose)
4 min |
July 2022
BANKING FINANCE
Bank Liable For Break-In And Theft From Locker
Gopal Prasad Mahanty and his daughter Rupali had been customers of State Bank of India's Bokaro Steel City Branch in Jharkhand for nearly four decades.
2 min |
June 2022
BANKING FINANCE
Central Bank Digital Currency (Virtual Form Of A Fiat Currency)
Over the last few years, there is growing interest in cryptocurrencies like Bitcoin, Litecoin and Dogecoin which work on a distributed ledger technology known as the block chain network.
6 min |
June 2022
BANKING FINANCE
New Umbrella Entity: Ushering Payment Revolution
India has been on the cusp of a technological revolution driven by fintech companies.
5 min |
June 2022
BANKING FINANCE
A HOLISTIC APPROACH IN ASSESSMENT OF NON-FUND BASED LIMITS AND IT'S PRECAUTIONARY MEASURES
In assessment of the working capital of a borrower, banks shall consider the two types of facilities i.e. Fund based and Non-fund Based facilities.
10+ min |
June 2022
BANKING FINANCE
BUSINESS CORRESPONDENT MODEL- UNDER FINANCIAL INCLUSION, ISSUES & STRATEGIES FOR MAKING ITA SUCCESS
Financial inclusion is a process of providing access to appropriate banking and financial products and services to the vulnerable groups in particular such as weaker sections, low income groups at an affordable cost.
8 min |
June 2022
BANKING FINANCE
RBI'S ACCOUNT AGGREGATORS FRAMEWORK WILL REVOLUTIONISE FINANCIAL INCLUSION
Last year in September, India's latest financial data-sharing system went live with the unveiling of the Account Aggregators network.
4 min |
June 2022
BANKING FINANCE
UNION BUDGET 2022: IMPROVING ACCESS TO FINANCE
The Finance Minister of India, Ms. Nirmala Sitharaman presented the Union Budget 2022-23 ("Budget") on 1st February 2022.
4 min |
April 2022
BANKING FINANCE
STRESS TESTING : NEED AND IMPORTANCE
Stress Testing is described as the evaluation of a bank's financial position, under a severe but plausible scenario to assist in decision making within the bank.
5 min |
April 2022
BANKING FINANCE
STUDY OF PROJECT TECHNICAL FEASIBLITY AND ECONOMICAL VIABILITY
Banks are financing every type of advances.
10+ min |
April 2022
BANKING FINANCE
ROLE OF ARTIFICIAL INTELLIGENCE AND ANALYTICS IN BANKING
AI and Data Analytics have evolved with the surge of the digital revolution, due to which there has been huge growth in the dynamics of how these are used today in banking.
10+ min |
April 2022
BANKING FINANCE
RBI CIRCULAR
Framework for Geo-tagging of Payment System Touch Points
4 min |
April 2022
BANKING FINANCE
What You Need To Know About Cryptocurrency
Crypto means a person who adheres or belongs secretly to a party or group, not openly declared. Cryptocurrency is a virtual currency or digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurencies are decentralized networks based on blockchain technology - a distributed ledger enforced by a disparate network of computers.
5 min |
May 2022
BANKING FINANCE
Time Bank Is Need Of The Time
The concept of Time Banks is gaining momentum at a rapid pace in the entire world. Time banks have been established in 34 countries The numbers of Time Banks have grown sharply in the year 1940. At that time the number of Time Banks in United States were500 and now more than 37000 enrolments exist. Time Banks also have a significant presence in Switzerland, Japan, South Korea, New Zealand, Taiwan, Senegal, Argentina, Israel, Greece, and Spain.
6 min |
May 2022
BANKING FINANCE
AXIS BANK ACQUIRES CITIBANK'S INDIA CONSUMER BUSINESS FOR RS. 12,325 CR
In a significant acquisition in the Indian banking sector, Axis Bank has acquired Citibank's consumer businesses for Rs 12,325 crore.
2 min |
May 2022
BANKING FINANCE
HAS THE WHEEL COMPLETED A FULL CIRCLE?
The above question has come to the foray, as the farm bills passed by the parliament has become an Act with the assent of President Sri Ram Nath Kovind.
10+ min |
May 2022
BANKING FINANCE
FOREIGN CONTRIBUTION (REGULATION) AMENDMENT ACT 2020, GUIDELINES AND BANK PROCEDURES
The Government of India notified FCRA 2020(Amendment) and it came into effect from 29th September 2020 and has given strict enforcement and stringent penalties (including criminal consequences) for violations of the FCRA. Let us understand the rules for foreign contribution from its inception.
10+ min |
May 2022
BANKING FINANCE
TRANSFORMATION EFFORTS OF THE BANKING INDUSTRY OF BANGLADESH IN THE NEW NORMAL
The impact of the Covid-19 crisis created foundation for the transformation and restructuring of the banking industry. Historically, economic and financial crises challenged traditional business models which appear to be even more relevant during new normal.
8 min |
May 2022
BANKING FINANCE
FINANCIAL ACTION TASK FORCE : ACHIEVEMENTS AND CHALLENGES
Task force FATF is the money laundering and terrorist financing watchdog.
8 min |
April 2022
BANKING FINANCE
DIGITAL LOAN MONSTERS
Good news is in the air. India is celebrating arrival of immunizations against deadly corona virus.
6 min |
April 2022
BANKING FINANCE
DEALING WITH UNCLAIMED BANK DEPOSITS
Unclaimed deposits are commonly defined as those deposits which are lying in accounts not operated for a period of 10 or more years.
4 min |
April 2022
BANKING FINANCE
BEND BUT DONT BREAK: OPERATIONAL RESILIENCE
The word resilience was coined by Emmy Werner in the 1970s. She studied a cohort of children from Hawaii.
10+ min |
April 2022
BANKING FINANCE
BANKERS IN A BIND AFTER NCLAT RULING ON DHFL RESOLUTION
Bankers are now in a quandary after the NCLAT recently ruled that the Committee of Creditors' (CoC) decision to approve the resolution plan of DHFL was "illegal”; the plan containing an “illegal” stipulation on recovery of avoidance transactions was not sustainable.
2 min |
April 2022
BANKING FINANCE
Banking During Covid And Beyond
Precently humanity is going through a major challenge, a challenge to survive. No one can predict the future so everyone is trying to hold himself in a confined environment looking for the new sunshine to begin wherein everything will be normal and we all can breathe freely in the unmasked environment and live a happy and healthy life.
5 min |
March 2022
BANKING FINANCE
IBC'S 2021 JOURNEY
Thought passed by the Parliament in May 2016, the Insolvency and Bankruptcy Act (IBC), picked up momentum only when RBI recommended 12 significant cases for IBC.
2 min |
March 2022
BANKING FINANCE
DOUBLING FARMERS INCOME-NEED OF THE HOUR
Agriculture and allied sector provides livelihood to 54.6% of the population of India (census 2011) and it contributes 17.80 % to the country's Gross Value Added (2019-20) as per Economic Survey 2020.
8 min |
March 2022
BANKING FINANCE
SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)
The Special Purpose Acquisition Companies (SPACs)have been since 2003 in US but have been growing in popularity throughout the world due to number of reasons like growth potential of target businesses, time consuming process of traditional IPO, credibility of sponsor and availability of liquid securities in the post COVID-19 times.
10 min |
March 2022
BANKING FINANCE
RETAIL LENDING IN RURAL AREA: NEED A HOLISTIC INNOVATIVE APPROACH
Most of the Indian population is living in the villages and the agriculturists are playing a vital role in the economic development.
7 min |