Business
BANKING FINANCE
AGENCY FOR SPECIALIZED MONITORING (ASM) A TOOL FOR MONITORING OF BIG BORRWAL ACCOUNTS
Introduction: The Govt. of India has introduced several governance reforms, in order to keep a watch on fraudulent activities and to prevent diversion of funds, has introduced the Agencies for specialized monitoring mechanism, under the ASM banks will now appoint specialized monitoring agencies to closely track the activities of the borrower including purchases, invoices, actual production vis-à-vis projection, high value transaction, payments, cash inflow and cash outflow. The move to appoint an external agency to monitor loans comes in the backdrop of banks reporting a 72 per cent year-on-year jump in frauds at Rs. 41,168 crore in FY2018, against Rs. 23,934 crore in FY2017 and cases of fraud at banks and financial institutions increased 28% in volume terms during financial year 2020 as per RBI's annual report.
10+ min |
June 2021
BANKING FINANCE
Roadmap For Agricultural Sector In India
Agriculture is the backbone of the Indian economy as it provides livelihood to a large section of the population.
8 min |
May 2021
BANKING FINANCE
RBI CIRCULAR
RBI CIRCULAR
4 min |
May 2021
BANKING FINANCE
NEO BANK
Neo bank is a kind of digital bank without any branches. Neo bank has no physical presence at any location but provides services online i.e. digital or mobile or through any other mode online.
8 min |
May 2021
BANKING FINANCE
ZED SCHEME FOR MSMES
This scheme is an extensive drive to create proper awareness in MSMEs about the Zero Defect Zero Effect (ZED) manufacturing and motivate the entrepreneur for assessment of their enterprises for ZED and support them.
6 min |
May 2021
BANKING FINANCE
ICICI Bank and PhonePe partner to issue FASTag
ICICI Bank and PhonePe today announced their partnership for the issuance of FASTag using UPI on the PhonePe App.
3 min |
May 2021
BANKING FINANCE
INTERNAL RATING BASED APPROACH: A TOOL IN CREDIT RISK MANAGEMENT
Credit Risk is defined as a potential risk that a bank borrower or counterparty will fail to meet its obligations in accordance with agreed terms.
5 min |
May 2021
BANKING FINANCE
EMPOWERING MSMES: TAKING THE MERCHANT ONBOARDING PROCESS DIGITAL
Onboarding a merchant in less time with proper due diligence has always been the prime objective for every acquirer in the market. The conventional process of onboarding merchants is complicated. It is time-intensive and could require a lot of back and forth with pages and pages of paperwork.
5 min |
May 2021
BANKING FINANCE
BUT COOPERATIVES MUST SUCCEED
Basic challenge to the present century-old cooperative financial institutions in our country, as rightly indicated in one of the study reports, is to strike a balance between attaining profitability by running their business on commercial lines on one hand and carrying out their service-oriented activities under the well-conceived principles of coveted 'co-operative movement', on the other. Probably, this inherent conflict in their functions puts pressure on their efficiency and profitability.
7 min |
May 2021
BANKING FINANCE
Banking Technology, Fintech and Digital Transformation explored at the 10th Annual Middle East Banking Innovation Summit
The 10th Annual Middle East Banking Innovation Summit returned this week for two full days of panels and keynote presentations exploring the world of banking technology and digital transformation.
3 min |
May 2021
BANKING FINANCE
System Of Loan Delivery Of Bank Credit And Its Impact
Introduction: Cash Credit Limit is the most popular form of working capital and functions like an overdraft account. A firm which held a certain cash credit limit with a bank would withdraw money from that account whenever they required and repay it back whenever they have received the sale proceeds and pay the interest as per agreed rate of interest. It is true that having this type of credit facility is very useful for firms, but it created some volatility in liquidity management for banks. Many big firms often enjoy substantial cash credit limits but hardly use them, due to this reason banks are not earning any income from that un-utilised limit and at the same time banks are unable to meet the credit requirement of other firms because of lack of liquidity.
8 min |
March 2021
BANKING FINANCE
(R)Evolution Of Payment And Settlement System In India
Introduction: Payment and settlement systems employed in an economy play a vital role in economic development. These systems basically consist of the various and diverse arrangements that we use to systematically transfer money i.e, currency, paper instruments (such as cheques, drafts) and various electronic channels. When any person or entity enter into economic transactions, i.e. to purchase and sell goods or services, the value thereof needs to be settled by money or currency.
10+ min |
March 2021
BANKING FINANCE
Marketing: A Practical Perspective For Field Units
'Business has only two basic functions marketing and innovation.'- Peter Drucker
8 min |
March 2021
BANKING FINANCE
HR: The Life Line Of Indian Banking Sector
Introduction The Human Resource has always served as a backbone of the Indian Banking system. The various aspects of Human Resource management flow as a blood to keep up the proper functioning of the Indian Banking sector alive. Banking sector plays a key in the development of Indian economy.
10+ min |
March 2021
BANKING FINANCE
Cyber Security, Its Importance In Banking And Precautions
Cyber Security has become a major requirement for all the individuals and organisations that are doing any of the activity related to IT (Information Technology), as there is a major threat from various sources involved in cyber crime. Cyber Security provides the protection from any damage to software, hardware, network or electronic data from such external sources.
10+ min |
March 2021
BANKING FINANCE
Training Programme at HUDCO organised by DoPT
The Housing & Urban Development Corporation Ltd is organizing a week-long in-service training programme for All India Service Officers from 22nd-26th February, 2021, through its Research and Training wing (Human Settlement Management Institute). The programme sponsored by Department of Personnel & Training, Govt of India on 'Cities of Tomorrow- Equitable, Sustainable and Resilient'aims to sensitize the officers towards sustainability, equity and disaster risk reduction in cities to meet future challenges.
1 min |
March 2021
BANKING FINANCE
HUMAN RESOURCE DEVELOPMENT (HRD)
HRD encompasses a humanistic concept and believes that employees who are the pillars of any organisation can do wonders provided they are involved in the job, entrusted with roles and responsibilities, should be made aware of their strength and provided with assistance to overcome their weaknesses. Employees being part and parcel of any organisation, their needs and aspiration should be aligned with the goals and mission of the organisation and only then the organisation would be successful in all domains and achieve the desired results.
4 min |
March 2021
BANKING FINANCE
RBI CIRCULAR
Risk-Based Internal Audit (RBIA)
4 min |
March 2021
BANKING FINANCE
PhonePe partners with Axis Bank on UPI Multi-Bank
PhonePe, India’s leading digital payments platform, today announced that it has partnered with India’s third-largest bank, Axis Bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs with Axis Bank’s “@axl” handle.
1 min |
March 2021
BANKING FINANCE
Cheque clearance process all set to get faster thanks to CTS
To expedite the process of clearance of cheques, the RBI has announced bringing all bank branches under the Cheque Truncation System (CTS). Also, the apex bank wants to centralize the digital payment helpline to address consumer grievances.
2 min |
March 2021
BANKING FINANCE
DEBT SECURITIZATION: THE PROCESS TO UNDERSTAND
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6 min |
April 2021
BANKING FINANCE
Resolution Framework For Covid-19 Related Stress For Personal Loans
Introduction: The Coronavirus pandemic has shattered the dreams of millions of Indians. India's economy, which was growing rapidly, has fallen flat. Tens of millions of people were coming out of poverty, megacities were being erected, India's strength was increasing and it was poised to become an economic superpower. Due to slowdown in the economy which was triggered by the impact of COVID-19 pandemic, some employees had either lost their job or working on reduced salaries thereby triggering a problem of serving of their EMIs.
6 min |
April 2021
BANKING FINANCE
Green Financing: The Sustainable Way Of Development
As the world was witnessing environmental degradation due to rapid industrialization and infrastructure growth, global leaders met on a global platform for evolving innovative ways for environment protection, without compromising on the economy. At this point, Green Finance was brought into existence.
6 min |
April 2021
BANKING FINANCE
What Next For MSMEs Post Covid-19
MSME Background India is having the largest base of Micro, Small, and Medium Enterprises (MSMEs) in the world after China. The sector is engaged in the manufacturing of varied products - ranging from traditional to hi-tech items and provides a wide range of services.
10 min |
April 2021
BANKING FINANCE
WRITE OFFS REVISITED
Write-offs by banks is a sensitive issue in the public eye. There is always a brouhaha when these figures are revealed by the banks or some enthusiastic researcher obtains the information under RTI and tells all. Whenever quarterly and annual results of banks are announced, the figures of write-offs and NPAs invariably invite close scrutiny.
10+ min |
April 2021
BANKING FINANCE
RBI CIRCULAR
Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures RBI/2020-21/106 March 12, 2021
4 min |
April 2021
BANKING FINANCE
Mr. A.B. Vijayakumar joins as Executive Director, Bank of Maharashtra
Mr. A. B. Vijayakumar joined as Executive Director, Bank of Maharashtra (BoM) on 10th March, 2021. Before joining BoM, Mr. Vijayakumar was Chief Vigilance Officer at Indian Overseas Bank from 01st April 2020.
1 min |
April 2021
BANKING FINANCE
BANKING METAMORPHOSIS
It was that last classroom credit training program, just prior to this COVID-19 pandemic crisis, I was taking a class for Branch Heads of Semi-urban and rural branches.
10+ min |
April 2021
BANKING FINANCE
Axis Bank launches WhatsApp Banking – Bank Anywhere, Anytime on your favorite chatting app
India’s third-largest private sector bank, Axis Bank is embarking on a partnership with the popular chatting app – WhatsApp – to offer basic banking services to its customers.
1 min |
April 2021
BANKING FINANCE
Mobile Banking An Anti Virus To Fight Against Corona Virus
Banking today is standing at the juncture of both economic threats and uncertainties due to advent of COVID pandemic. Corona a synonym of death has made the whole world come to standstill. While the former is based upon the hope of economic revival, latter is more evident from the on-going crisis and related setbacks.
10+ min |