Business
BANKING FINANCE
NEED FOR CORRUPTION FREE BANKING IN INDIA
Introduction: Corruption is dishonest behaviour or abuse of entrusted power for private gain. It starts with the tendency of using public office for some personal benefit, implies the failure of ethics and erodes trust, weakens democracy, hampers economic development, undermines democratic institutions slows economic development, contributes to governmental instability and further exacerbates inequality, poverty, social division and the environmental crisis. Corruption is a complex social, political and economic phenomenon that affects all civilisations and attacks the foundation of democratic institutions by distorting electoral processes, perverting the rule of law and creating bureaucratic quagmires whose only reason for existing is the soliciting of bribes. Economic development is stunted because foreign direct investment is discouraged and small businesses within the country often find it impossible to overcome the \"start-up costs\" required because of corruption.
3 min |
February 2024
BANKING FINANCE
FROM RUPEE TO DIGITAL CURRENCY: UPI AND CBDC IN INDIA
India's remarkable digital transformation has been driven by innovative financial technologies and a vision for an inclusive, cashless economy. Two significant milestones in this journey are the Unified Payments
4 min |
February 2024
BANKING FINANCE
EMPOWERING THE DIGITAL JOURNEY: THE CRUCIAL ROLE OF STRAIGHT-THROUGH PROCESSING (STP) IN BANKING
In the ever-evolving landscape of banking and financial services, the digital revolution is reshaping industries and redefining customer expectations. As banks embark on their digital journeys to meet these changing demands, the implementation of Straight-Through Processing (STP) has emerged as a cornerstone strategy for success. STP not only streamlines internal operations but also plays a pivotal role in enhancing customer experiences, reducing costs, and fortifying the foundation for a seamless digital future.
3 min |
February 2024
BANKING FINANCE
'DIGITAL BANK' - LICENSING AND REGULATORY FRAMEWORK IN INDIA AND WAY FORWARD
Last 6 to 8 years have seen rapid development in 'Digital bank' across the world, and China is no exception. Digital banks have an entirely branchless digital service and the need for physical branches is replaced by non-stop, 24/7 customer service and automated systems.
8 min |
February 2024
BANKING FINANCE
CONCENTRATION: THE NAUGHTY MONKEY
Maintaining mental focus can be quite challenging, especially with the constant distractions we encounter on a daily basis. In today's interconnected world, it is incredibly easy to get sidetracked by notifications from social media or the latest news updates. However, having strong mental focus is vital for achieving success. The ability to concentrate on a task at hand is essential for learning, accomplishing goals, and performing well in various situations.
4 min |
February 2024
BANKING FINANCE
LLPs are required to report to the RoC on the "Significant Beneficial Owner"
The Registrar of Companies (RoC) will now require a report from a Limited Liability Partnership Firm (LLP) regarding its Significant Beneficial Owner (s) to be submitted within 30 days of the date on which the individual made the statement regarding having or obtaining that status.
2 min |
December 2023
BANKING FINANCE
CROSS SELLING IN BANKS
Marketing practitioners and banking consultants alike understand the need for relationship development in establishing and maintaining a solid customer base.
10 min |
December 2023
BANKING FINANCE
GREENWASHING HIDING TRUTH BEHIND GREEN
Greenwashing misleading refers to the practice of making or false claims about the environmental benefits of a product, service, company, or practice in order to appear more environmentally friendly than they actually are.
4 min |
December 2023
BANKING FINANCE
HARNESSING TECHNOLOGY FOR CREDIT DISPENSATION: TRANSFORMING THE UNORGANIZED SECTOR
Small business or to be very specific unorganized small business is the economic foundation of India.
7 min |
December 2023
BANKING FINANCE
EMPOWERING INDIA'S ARTISANS: PM VISHWAKARMA YOJANA
The PM Vishwakarma Yojana is dedicated to support traditional arts and crafts by providing multi-dimensional support to artisans. The initiative acknowledges the challenges faced by the sector due to modernization and market changes.
6 min |
December 2023
BANKING FINANCE
MSME FUNDING: A DIFFERENT STANDPOINT FOR BANKS IN INDIA
The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades and have been a primary focus of policymakers at the central and state levels as it is a valuable contributor to the overall economic growth and development in terms of employment, value chain creation, foreign exchange earnings, critical supplier of large industries, promotion of regional balance and inclusive development, and so on.
8 min |
December 2023
BANKING FINANCE
NEW DAWN TO OPEN BANKING: EMBRACING DIGITAL INNOVATION IN FINANCE
Open banking is a financial concept that refers to a financial services model that enables third-party providers to access financial information from banks or other financial institutions through open application programming interfaces (APIs).
8 min |
December 2023
BANKING FINANCE
REBOOT OF CUSTOMER EXPERIENCE TRENDS IN THE BANKING INDUSTRY 2023
The COVID-19 pandemic created a mega shift from physical to digital, acting as the catalyst for digital progress multiple times over.
8 min |
December 2023
BANKING FINANCE
Digital Rupee: A Currency Revolution For All??
The Indian central bank's digital currency, known as the e-rupee, is starting to gain attention.
6 min |
November 2023
BANKING FINANCE
Why there are so few women in banking
In mid-September, President Droupadi Murmu pushed for increased representation of women in the Gujarat Assembly. She also called for more representation of women in politics in general.
4 min |
November 2023
BANKING FINANCE
CHANGING FACE OF AGRI BANKING
The Banks in India have played a vital role in the development of the country's economy, be it the rural one or the urban one. More specifically, the Indian public sector banks, The Regional Rural Banks and the cooperative banks have been serving the financial needs of the rural population of the country since their very initial days.
5 min |
November 2023
BANKING FINANCE
AN OPEN CALL BY RBI FOR BANK'S TO SETTLE OUT "WILFUL DEFAULTS"
Based on recent guidelines issued by the Reserve Bank of India on Wilful Defaulters-
6 min |
November 2023
BANKING FINANCE
PUBLIC TECH PLATFORM FOR FRICTIONLESS & EASY CREDIT FLOW
The Reserve Bank of India (RBI) has announced a pilot programme for 'Public Tech Platform for Frictionless Credit'.
3 min |
November 2023
BANKING FINANCE
THE RISE OF VOICE-BASED PAYMENT SYSTEMS: A CONVENIENT AND SECURE FUTURE
In recent years, technological advancements have significantly transformed the way we interact with financial services.
6 min |
November 2023
BANKING FINANCE
UNLOCKING THE POWER OF SOCIAL LEARNING: A HIDDEN GEM IN CORPORATE TRAINING
Are you tired of traditional training methods that feel like one-way traffic, with information being dumped on you without much engagement? What if there was a way to learn that not only captivates your attention but also taps into the power of human connection and collaboration?
4 min |
November 2023
BANKING FINANCE
Compelling Need Of The Hour: Digital Banks
The structure of the banking system in India can be broadly divided into scheduled banks, nonscheduled banks and development banks, however during recent times banking evolved to new horizon and changed into multi aspect branches of banking.
8 min |
August 2023
BANKING FINANCE
5 Key Customer Experience Challenges That Nbfcs Need To Solve
The NBFC (Non-Banking Financial Company) sector has emerged as a driver of inclusive growth in the Indian economy, playing a crucial role in providing credit to the underserved segment.
3 min |
August 2023
BANKING FINANCE
CAG focuses on Al to uncover fake claims, conduct performance audits
From identifying non-existent schools claiming scholarship benefits to detecting similar images used by multiple beneficiaries of government schemes, the Comptroller and Auditor General of India (CAG) is using Artificial Intelligence (Al) and Machine Learning (ML) in a big way.
2 min |
August 2023
BANKING FINANCE
Uniform Civil Code and Hindu Undivided Family: Why it must preserve tax benefits
The 22nd Law Commission of India has solicited views from all stakeholders on the Uniform Civil Code (UCC), seeking to achieve goals that are in line with Article 44 of the Constitution.
5 min |
August 2023
BANKING FINANCE
GOVERNMENT'S DEBT SHOPPING: NEED OF TIME
Public debt or Govt Debt is the total amount borrowed by the government of a country. In the Indian context, public debt includes the total liabilities of the government (Both Central and State).
6 min |
August 2023
BANKING FINANCE
IMPACT ANALYSIS OF UNITED STATES FISCAL DEFICIT
Days before the US government could start to run out of money and default on its debt, Congress has approved a deal to lift the country's borrowing limit.
8 min |
August 2023
BANKING FINANCE
Bank of Maharashtra launches slew of Digital Products Services
Bank of Maharashtra a premiere Public Sector Bank in the country, strengthens its digital channels by launching several new products and utilities to enhance the banking experience for both its customers and staff members.
1 min |
August 2023
BANKING FINANCE
Green Economy to Emerge as the New Pillar of Cooperation Between India and Africa
The 18th edition of CII-Exim Bank Conclave on India-Africa Growth Partnership was inaugurated by Dr. S Jaishankar, Hon'ble Minister of External Affairs, Government of India at New Delhi on June 14, 2023.
1 min |
August 2023
BANKING FINANCE
HDFC Bank onboards over 1 lakh customers and 1.7 lakh merchants under CBDC pilot programme
HDFC Bank announced the launch of UPI QR code interoperable with India's sovereign digital currency, Central Bank Digital Currency (CBDC).
1 min |
August 2023
BANKING FINANCE
ESG And Its Impact On Banking Sector
The term 'ESG', which stands for all environmental, socioeconomic, and governance concerns, is consequently gaining traction in the business and corporate sector
8 min |