Business
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 |
February 2024
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 |