CATEGORIES

RBI CIRCULAR

Foreign Exchange Management (Overseas Investment) Directions, 2022 RBI/2022-2023/110

4 mins read
BANKING FINANCE
September 2022

Inflation - Concept, Causes & Control Measures

Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing, housing, recreation, transport, consumer staples, etc.

8 mins read
BANKING FINANCE
September 2022

"INTERNET OF THINGS"- THE GAME CHANGER IN BANKING AND FINANCIAL SERVICES

The Internet of things (IoT) is considered to be the next big thing in financial sector. It is fast becoming a disruptive technology business opportunity, with standards emerging primarily for wireless communication between sensors, gateways, controlling units, cloud-based services and other gadgets in day-to-day human life, all in general being referred to as "Things".

9 mins read
BANKING FINANCE
September 2022

'BUY NOW, PAY LATER' (BNPL): THE RETURN OF LAYAWAY OR A DISRUPTOR FOR CREDIT CARDS INDUSTRY

Long back shopping at almost any U.S. retailer included the option to choose an item you were after and have it stashed away in some back room while you made incremental payments until the purchase price was covered and you could take it home.

7 mins read
BANKING FINANCE
September 2022

MEANING & DEFINITION OF ASBA

Applications Supported by Blocked Amount (ASBA) is a process developed by the India's Stock Market Regulator SEBI for applying to IPO. In ASBA, an IPO applicant's account doesn't get debited until shares are allotted to them.

6 mins read
BANKING FINANCE
September 2022

Centrum, AWR Lloyd Join Hands to Offer Infra I-Banking Services

AWR Lloyd, a leading Indo-Pacific strategy consulting and corporate finance advisory firm, has announced its entry into India through a strategic partnership with Centrum Capital Limited, the Investment Banking arm of the diversified financial services organization, Centrum Group.

2 mins read
BANKING FINANCE
September 2022

SUBORDINATED DEBT FOR STRESSED MSMES

Business Enterprises are navigating through a broad range of interrelated issues that span from keeping their employees and customer safe, shoring-up cash and liquidity, reorienting operations in view of the prolonged lockdown across economy.

6 mins read
BANKING FINANCE
September 2022

PUBLIC CREDIT REGISTRY (PCR): GAME CHANGER IN RESHAPING OUR CREDIT ECOSYSTEM

The Public Credit Registry (PCR) is the culmination of recommendations given by the committee headed by Y.M.Deosthalee.

10+ mins read
BANKING FINANCE
September 2022

Door Step Banking - Opportunities And Challenges

Doorstep Banking [DSB] is one of the key action points of the roadmap for banking reforms under the EASE (Enhanced Access & Service Excellence) Reforms brought out by the Department of Financial Services, Govt of India. Initially it was meant to give service to senior citizens and person with disabilities.

6 mins read
BANKING FINANCE
August 2022

Role Of Chatbot As A Banking Tool

With consumer expectation increasing, the use of artificial intelligence, machine learning and chat bots in banking is also increasing. Banks and credit unions worldwide are testing new application and deploying new solution to improve overall digital customer experience.

10+ mins read
BANKING FINANCE
August 2022

PNB Signs MoU with Indian Air Force for 'PNB Rakshak Plus Scheme'

Punjab National Bank (PNB), nation's leading Public Sector Bank, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide specially designed products to the defence personnel under the bank's flagship scheme of 'PNB Rakshak Plus'.

1 min read
BANKING FINANCE
August 2022

LoanTap announces business collaboration with Muthoot Finance

A leading digital lending fintech platform, Loan Tap, has announced a business collaboration with Muthoot Finance.

1 min read
BANKING FINANCE
August 2022

SBI Card Partners with Aditya Birla Finance to Launch 'Aditya Birla SBI Card'

SBI Card, India's largest pure-play credit card issuer, announced the launch of 'Aditya Birla SBI Card', a highly rewarding lifestyle credit card, in a strategic partnership with Aditya Birla Finance Ltd. (ABFL), the lending subsidiary of Aditya Birla Capital Ltd.

2 mins read
BANKING FINANCE
August 2022

BIG DATA IN TODAY'S ERA

The year 2021 was out of the ordinary as global businesses struggled to keep afloat amid the pandemic. This unusual situation accelerated digitization globally, which led to a surge in "digital data."

8 mins read
BANKING FINANCE
August 2022

STAKEHOLDER CAPITALISM-NEW NORMAL

"Stakeholder Capitalism" is making headlines in economic and corporate world and the World Economic Forum has envisioned it to be the future of trade and investment. The concept which has transformed the purpose and goal of business and ensures that business serves society at large, gained momentum after Larry' Fink's (CEO Black Rock Investment) letter in 2018 to CEOs to make a positive contribution to society.

7 mins read
BANKING FINANCE
August 2022

STARTUP INDIA SCHEME - A REVIEW

Startup India Scheme is a flagship initiative of the Government of India (GOI) intended to generate large scale employment opportunities which was launched in January 2016.

10+ mins read
BANKING FINANCE
August 2022

Development Banks: An Overview

Development banks are the financial institutions that provide long-term credit for capitalintensive investments spread over a long period and yielding low rates of return, such as infrastructure projects, mining, heavy industry and irrigation systems.

8 mins read
BANKING FINANCE
July 2022

Treasury : New Profit Centre Of Banks

Later the inroads to different kinds of other profit making businesses opened for banks with RBI intervention and liberalization of the Indian economy. Slowly but steadily banks started venturing into new markets and dealing in different instruments like capital market, money market, foreign exchange market, bond market and derivatives market instruments to garner profit.

10 mins read
BANKING FINANCE
July 2022

Of Self Help Groups And Financial Inclusion In Poverty Reduction

Financial inclusion, in its narrowest connotation, can be construed as an endeavour that provides people, especially those in the hitherto un-banked region, a bank account.

4 mins read
BANKING FINANCE
July 2022

Now, Credit Cards Can Be Linked To UPI

The Resirve Bank of India said that credit cards will now be allowed to be linked to Unified Payments Interface accounts as UPI has become the most inclusive mode of payment in India.

2 mins read
BANKING FINANCE
July 2022

FINANCIAL SYSTEMS AND MARKETS IN INDIA

A system that aims at establishing and providing a regular, smooth, efficient and cost effective linkage between depositors and investors is known as financial system. The functions of financial system are to channelize the funds from the surplus units to the deficit units. Financial system is one of the industries in an economy. It is a particularly important industry that frequently has a far reaching impact on society and the economy. But if its occult trappings are stripped it is like any industry, a group of firms that combine factors of production (land, labour and capital) under the general direction of a management team and produce a product or cluster of products for sale in financial market. The product of the financial industry is not tangible rather it is an intangible service. Financial industry as a whole, produces a wide range of services but all these services are related directly or indirectly to assets and liabilities, that is, claims on people, organization, institutions, companies and government. This is the process of diversion of the productive capacity of the conomy to the making of capital goods which increase future productive capacity. Process of capital formation involve three distinct but inter-dependent activities: savings, finance and investment. The financial system in process of capital formation has to decide as to how capital is to be used. Poor choice in deciding which economic projects are to be embarked upon, leads to wastage of resources. The better the quality of judgment exercised in allocation, the more rapid economic progress.

9 mins read
BANKING FINANCE
July 2022

RBI CIRCULAR

Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]

4 mins read
BANKING FINANCE
July 2022

UNLOCKING THE LAND MARKETS IN INDIA : A STEP TOWARDS BETTER CREDIT CULTURE AND URBAN INFRASTRUCTURE

A constitution as voluminous as ours surprisingly refers to land only fleetingly. Spread over 395 articles in 22 parts and eight schedules, the subject of land comes up in only four parts.

8 mins read
BANKING FINANCE
July 2022

SIGNIFICANT HURDLES IN MAKING FULL RANGE OF FINANCIAL SERVICES AVAILABLE TO ALL

Despite making rapid strides in digital transactions and expansion of universal banking services to the last mile, there are still significant hurdles in making the full range of financial services available to all sections of the population, especially those in low income groups and senior citizens.

2 mins read
BANKING FINANCE
July 2022

PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS-A HYBRID FRAMEWORK TO SAVE VIABLE MSMES

MSME sector in India is second largest employment generator after agriculture, and acts as a breeding ground for entrepreneurs and innovators with considerable support in strengthening business ecosystem.

9 mins read
BANKING FINANCE
July 2022

E-RUPI

(A Prepaid Electronic Gift Voucher for specific purpose)

4 mins read
BANKING FINANCE
July 2022

Bank Liable For Break-In And Theft From Locker

Gopal Prasad Mahanty and his daughter Rupali had been customers of State Bank of India's Bokaro Steel City Branch in Jharkhand for nearly four decades.

2 mins read
BANKING FINANCE
June 2022

Central Bank Digital Currency (Virtual Form Of A Fiat Currency)

Over the last few years, there is growing interest in cryptocurrencies like Bitcoin, Litecoin and Dogecoin which work on a distributed ledger technology known as the block chain network.

6 mins read
BANKING FINANCE
June 2022

New Umbrella Entity: Ushering Payment Revolution

India has been on the cusp of a technological revolution driven by fintech companies.

5 mins read
BANKING FINANCE
June 2022

A HOLISTIC APPROACH IN ASSESSMENT OF NON-FUND BASED LIMITS AND IT'S PRECAUTIONARY MEASURES

In assessment of the working capital of a borrower, banks shall consider the two types of facilities i.e. Fund based and Non-fund Based facilities.

10+ mins read
BANKING FINANCE
June 2022

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