Business
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 |
July 2023
BANKING FINANCE
Rise Of Dynamic Data Storytelling
Storytelling has been an integral part of human culture since ancient times, predating even the invention of writing. It is a pivotal aspect of our social and cultural interactions, involving narrative sharing through improvisation, theatrics, or embellishment
8 min |
July 2023
BANKING FINANCE
FINANCIAL LITERACY CENTRE
Financial literacy is the ability of a person to effectively manage variety of financial skills, such as personal finance management, budgeting, and investing
8 min |
July 2023
BANKING FINANCE
AGRICULTURAL VALUE CHAIN FINANCING-AN EXPLORABLE AVENUE
A value chain is characterised by a market-focussed collaboration of a set of enterprises working together to produce, process and market products and services in an effective and efficient manner. The actors (private and public, including service providers) and the sequence of value-adding activities involved in bringing a product from production to the end-consumer
5 min |
July 2023
BANKING FINANCE
THE 3-1 PRINCIPLE FOR AN EFFECTIVE FINANCIAL PLANNING BY A SALARIED INDIVIDUAL
In the developing economy like India, the class which is impacted financially the most due to any slightest change in the economic climate nationally or globally is none other than the middle class that too the salaried segment
7 min |
July 2023
BANKING FINANCE
AUDIT & INSPECTION IN INDIAN BANKS OPPORTUNITIES AND CONCERN
\"Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations
7 min |
June 2023
BANKING FINANCE
E-BANKING MANAGEMENT IN INDIA
Electronic-banking use of computers and telecommunications to enable banking transactions to be done by telephone or computer rather than through human interaction. Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments. Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. UPI is powered by Immediate Payment Service (IMPS). It is regulated by the Reserve Bank of India (RBI) and works by instantly transferring funds between two bank accounts on a mobile platform. As of February 2022, there are 304 banks available on UPI with a monthly volume of 4.52 billion transactions and a value of Rs. 8.26 lakhcrore (US$110 billion). UPI witnessed 68 billion transactions until November 2021. The mobileonly payment system helped transact a total of Rs. 34.95 lakh crore (US$460 billion) during the 67 months of operation starting from 2016. As of May 2021, the platform has 15 crore (150 million) monthly active users in India. The proportion of UPI transactions in total volume of digital transactions grew from 23% in 2018-19 to 55% in 2020-21 with an average value of Rs. 1,849 per transaction. There were digital transactions worth Rs. 8.31 lakh crore in January 2022 via the platform.In FY 2022, the UPI crossed transactions worth $1 trillion.
10 min |
June 2023
BANKING FINANCE
RELIEF MEASURES BY BANKS IN AREAS AFFECTED BY NATURAL CALAMITIES
It is recognised that declaration of a natural calamity is in the domain of the Central / State Government
8 min |
June 2023
BANKING FINANCE
NPA MANAGEMENT OF PSU BANKS AT THE COST OF EXCHEQUER
Banking sector reform was done on the expectation of allocation of more commercial banks' credit to the existing real sectors vis-à-vis reducing operating costs of banks and statutory reserve and cash reserve ratios
10+ min |
June 2023
BANKING FINANCE
PRODUCTION LINKED INCENTIVE (PLI) SCHEME 2.0
PLI Scheme, as the Production Linked Incentive Scheme is commonly abbreviated as, is an initiative started by the Government of India to not only encourage foreign companies to find workforce in the country and thereby generate employment, but also encourage domestic and local production to create micro jobs
8 min |