Business
BANKING FINANCE
TACKLING TRADE-BASED MONEY LAUNDERING IN THE MODERN FINANCIAL LANDSCAPE
If we inquire informally among a group of bankers about familiarity with terms like a Letter of Credit (L/ C), Bill of entry (BOE), or Buyer's Credit, only a few might possess this knowledge. This introduces us to the intricate world of trade finance-a realm filled with unique terminologies and practices, characterized by its complexity and specialization.
6 min |
July 2024
BANKING FINANCE
CHALLENGE OF NPAS IN THE INDIAN BANKING SECTOR
India has a long history of venerated banking system of over 200 years, in which banks have been playing a pivotal role in making financial sector strong and viable through sustainable pace of economic growth. Banking System in India is diverse and encompasses commercial banks, regional rural banks, urban cooperative banks, and primary agricultural credit societies. After independence, several changes have taken place in the banking sector right from government monitored policies to the breezing liberalized world of post 1991 period.
10+ min |
July 2024
BANKING FINANCE
FROM CONCEPT TO REALITY: LARGE ACTION MODELS (LAMS) AND THE EVOLUTION OF AI
Introduction - In the rapidly evolving landscape of artificial intelligence (AI), a transformative paradigm shift is underway with the emergence of Large Action Models (LAMS). These cuttingedge AI systems represent a monumental leap forward from their predecessors, Large Language Models (LLMs), by imbuing AI with the capability not only to understand language but also to execute complex tasks autonomously.
5 min |
July 2024
BANKING FINANCE
INVESTIMENT OPPORTUNITIES IN DIFFERENT ASSET CLASSES
\"Don't Put All Your Eggs in One Basket\".
10 min |
July 2024
BANKING FINANCE
EMPOWERING ACCESSIBILITY THROUGH AI IN BANKING: REVOLUTIONIZING ASSISTIVE TECHNOLOGIES
Introduction - Artificial intelligence (AI) is the field of computer science that aims to create machines and systems that can perform tasks that normally require human intelligence, such as perception, reasoning, learning, decision making, and natural language processing.
7 min |
July 2024
BANKING FINANCE
PHISHING- A SOCIAL ENGINEERING TECHNIQUE AND WAYS TO DEAL WITH IT
In this era, where we are in a world which can't be imagined without use of technology in all facets of banking, the biggest challenge that needs to be addressed is various social engineering techniques used with mala fide intention, which costs people their hard earned money. There are various ways in which social engineering techniques are used to cheat people like phishing, baiting, spoofing etc.
10+ min |
July 2024
BANKING FINANCE
World MSME Day: HDFC Bank Empowers MSMEs with Special Knowledge Sessions
Ahead of World MSME Day, HDFC Bank started an exclusive campaign for Micro, Small and Medium Enterprises (MSMEs), to provide an impetus to businesses in deeper geographies. The campaign aims to spread awareness on various banking products and services, government policies for MSMEs and encourage them to adopt digitisation in their business dealings.
1 min |
July 2024
BANKING FINANCE
ICICI Bank introduces 'SmartLock', a unique safety measure on iMobile Pay
ICICI Bank announced that it has launched 'SmartLock', a unique safety measure to enable its customers to lock/unlock A multiple banking services instantly, without seeking the help from a customer care executive through phone or e-mail.
1 min |
July 2024
BANKING FINANCE
BURNOUT AT THE INDIAN BANKS: BREAKING THE CYCLE OF STRESS
The Indian banking landscape is undergoing a period of significant transformation. Mergers, acquisitions, rapid technological advancements, and an increasingly competitive environment are driving growth in the sector.
8 min |
June 2024
BANKING FINANCE
Financial Services in Free Trade Agreements
India Exim Bank organised a workshop on “Financial Services in Free Trade Agreements”.
1 min |
June 2024
BANKING FINANCE
HDFC Bank introduces PIXEL: A new generation of Digital Credit Cards
HDFC Bank announced the launch of ‘PIXEL’ – its first end-to-end mobile app-based customisable, DIY digital card range designed for Digital Natives. PIXEL is tailored for a generation characterised by digital fluency, unique preferences, and distinct financial behaviours.
1 min |
June 2024
BANKING FINANCE
ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India
ICICI Bank announced that it has enabled NRI customers to use their international mobile number to make UPI payments instantly in India, thereby significantly enhancing their convenience of making everyday payments.
1 min |
June 2024
BANKING FINANCE
Karur Vysya Bank opens its 840 th Branch at Ayodhya
Karur Vysya Bank (KVB) inaugurated a new branch at Ayodhya today. This is the 840th Branch of the Bank. Dr. Meena Hemchandra, Chairperson, Karur Vysya Bank inaugurated the Branch. Ayodhya is the 7th Branch of the Bank in Uttar Pradesh and the 35th Branch in the Delhi Division of the Bank.
1 min |
June 2024
BANKING FINANCE
ROLE OF 5G IN ACCELERATING DIGITAL TRANSFORMATION IN THE BANKING LANDSCAPE
The emergence of 5G technology presents a transformative opportunity for the banking industry.
5 min |
June 2024
BANKING FINANCE
EMOTIONAL AI IN BANKING
\"I believe that at the end of the century, the use of words and general educated opinion will have altered so much that one will be able to speak of machines thinking without expecting to be contradicted.\" - Alan Turing (23 June 1912 - 7 June 1954)
10 min |
June 2024
BANKING FINANCE
WOMEN ENTREPRENEURSHIP - A STRONG WHEEL OF INDIA'S GROWTH ENGINE
The importance of women entrepreneurship for economic development is widely recognized. India is one of the fastest growing economies and the importance of women entrepreneurship is felt at every level. Women entrepreneurship plays an important role in creating jobs, wealth, poverty reduction, human development, education, health and national development, especially in developing countries like us. The objective of this article is to recognize the contribution of Women entrepreneur in writing India's growth story.
10+ min |
June 2024
BANKING FINANCE
NAVIGATING THE ETHICAL ABYSS: THE DEEPENING QUANDARY OF AI-GENERATED DEEPFAKES
In the digital age, where reality and simulation intertwine seamlessly, the emergence of artificial intelligence has thrust us into uncharted territories. With meticulous precision, algorithms now craft media that blurs the lines between truth and fiction, ushering us into an era fraught with ethical dilemmas and privacy concerns.
5 min |
June 2024
BANKING FINANCE
THE HISTORY OF THE INDIAN BANKING INDUSTRY
The history of the Indian Banking Industry is rich and diverse, reflecting the country's economic and political evolution over the centuries. Banking services play a vital role in the Indian economy, serving as the backbone of its financial system. Here's a brief overview:
3 min |
June 2024
BANKING FINANCE
The Future Of Banking: Voice Banking
The Banking industry has undergone a series of transformative changes over the years, driven by technological advancements. One of the most exciting and disruptive innovations in the financial sector is voice Banking.
10+ min |
May 2024
BANKING FINANCE
RBI CIRCULAR
1. Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies issued as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated April 05, 2024 read with Paragraph 1.10 of the 'Operating Guidelines for Small Finance Banks' dated October 6, 2016.
4 min |
May 2024
BANKING FINANCE
UNLOCKING SOCIAL IMPACT: THE RISE OF SOCIAL BONDS IN SUSTAINABLE INVESTING
In the context of financial markets, social bonds refer to a specific type of bond issued by governments, municipalities, or organizations to raise capital for projects with social or environmental benefits.
6 min |
May 2024
BANKING FINANCE
MODERN AND CREATIVE WAYS OF MONEY LAUNDERING: A SNEAK PEEK IN MODUS OPERANDI
Every year, an astonishing $800 billion to $2 trillion circulates through the global economy as laundered money, making up 2-5% of global GDP.
8 min |
May 2024
BANKING FINANCE
TRANSFORMING FINANCE: UNDERSTANDING THE EVOLUTION OF FINTECH INNOVATION AND REGULATORY FRAMEWORKS
The constantly evolving field of financial technology, or FinTech, has brought about a significant transformation of the world's financial scene.
5 min |
May 2024
BANKING FINANCE
FINTECHS: ISSUES AND CHALLENGES
Fintech is a combination of two words \"financial\" and \"technology\".
8 min |
May 2024
BANKING FINANCE
WHY CBDC WHEN WE HAVE UPL..??
The world is rushing to develop Cash 2.0. Globally, central banks are in pursuit of Central Bank Digital Currency (CBDC) projects.
5 min |
May 2024
BANKING FINANCE
Insolvency's Group Tangle
The Insolvency and Bankruptcy Code (IBC) has been around for nearly seven years, and in these seven years, it has been amended six times. However, it is yet to address a significant concern: group insolvencies.
4 min |
February 2024
BANKING FINANCE
Why mot retirees don't find refuge in reverse mortgage
It would be the deal of the century, or so Andre-Francois Raffray could have thought. The Frenchman had in December 1965 stuck a deal with 90-year-old Jeanne Calment to pay her 2,500 francs every month until she died.
5 min |
February 2024
BANKING FINANCE
The rise and rise of mutual funds
It is curious that the cake cutting and champagne popping that accompanied the Nifty's new lifetime high in recent weeks, was not in evidence when the mutual fund industry topped Rs. 50 lakh crore in assets.
4 min |
February 2024
BANKING FINANCE
UNSECURED RETAIL LENDING IN INDIA + CAPTURING EMERGING TRENDS
Abstract: In recent times, RBI has been vocal about the high growth rate of unsecured retail credit in India as compared to the overall credit growth in the country. The RBI has termed the unsecured retail credit an outlier segment\" as far as its growth rate is concerned and has drawn the attention of banks and NBFCs in this regard. As part of regulatory intervention, RBI has also increased the risk weights associated with unsecured credit exposure of banks and NBFCs. Post this development, the banking fraternity has been divided in their understanding of the ground realities. On one hand, there is a school of thought which feels that the recent surges in the unsecured retail lending in India is backed by solid macros. Whereas, others feel that the more than expected upsurge is a sign of incipient stress and might pose systemic risk, if not dealt with an iron hand.
10 min |
February 2024
BANKING FINANCE
TRANSFORMING BANKING THROUGH ARTIFICIAL INTELLIGENCE
The transformation of banking through artificial intelligence (AI) has been a significant and ongoing trend, with numerous implications for customer experience, operational efficiency, risk management, and more.
2 min |