RBI'S PROPOSED CHANGES TO REGULATORY FRAMEWORK APPLICABLE TO 'HOUSING FINANCE COMPANIES' HFCS

The Central Government had, with effect from 9th August 2019, transferred regulatory powers of the Housing Finance Companies (HFCs) from the National Housing Bank (NHB) to the Reserve Bank of India (RBI).

ANALYTICS IN INDIAN BANKING: THE WAY FORWARD

Abstract: Indian Banking industry has undergone a series of transformations with the advent of Information Technology (IT) since 1980s, 1990s and 2000s in terms of applications of IT in different banking processes from various perspectives such as cost reduction, revenue generation, fraud detection, security issues etc. and this transformation is still continuing with new trend called Business Intelligence and Big Data Analytics. In the present banking scenario Big Data Analytics stands as the solution for the increasing competition and regulatory challenges with fraud and cyber security threats where banks are under rigorous pressure to improve the efficiency and revenue to sustain profit margins and customers. Analytics in Banking supports Decision Making to elevate revenue, control costs and mitigate risks. This in turn improves customer segment; target, create and retain customers along with customer understanding and risk management.

Artificial Intelligence And Intelligent Banking

Is artificial intelligence less than our intelligence? - Spike Jonze

SIMPLIFYING 'SARFAESIA, 2002'

To expedite recoveries by the Banks, the law called as Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest, 2002, popularly called as SARFAESIA has been enacted.

WOMEN AND MONEY MATTERS

We are part of a society that continues to view women as the weaker section. The age-old practices and norms always tended to give little importance to women down on the scale of progress.

TIGHTENING THE SCREWS

Non-Banking Financial Corporations (NBFCs) due to their magnitude, intricacy and interconnectedness are revolving systematically over the years.

REDEFINING FARMERS INTEREST

The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 was promulgated on June 5, 2020. It provides a framework for the protection and empowerment of farmers with reference to the sale and purchase of farm products.

ROLE OF HR AS A STRATEGIC PARTNER

Strategic human resource management involves a future-focused goal-oriented process of developing and implementing HR programs and initiatives that will address and solve business problems and directly contribute in achieving major long-term business objectives of the organization.

From Internet Of Things To Banking Of Things

Introduction The concept of the 'Internet of Things [IoT]' emerged in the early 1980s when technology started to influence business processes.

The Future Of Artificial Intelligence In Banks

As per the World Economic Forum's latest research, artificial intelligence is already changing the way financial institutions provide more contextualized services to their customers and banking is no exception.

NEW AGE CUSTOMERS BUILDING THE DIGITAL CAPABILITIES

Introduction Consumer markets in India are expected to reap the benefit of favorable macroeconomic parameters as well as its demographics. India is one of the youngest major countries globally and has become one of the major flag bearers of development across the globe.

RBI CIRCULAR

Enhancements to Indo-Nepal Remittance Facility Scheme RBI/2021-22/94

OPEN BANKING IN INDIA

Open banking is defined as the sharing and leveraging of customer-permission data by banks with third-party developers and firms to build applications and services, including for example those that provide real-time payments, greater financial transparency options for account holders, marketing, cross-selling opportunities. Individuals jurisdictions may define open banking differently.

NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA)

Introduction As per section 211(3C) of Companies act 1956, every balance sheet and profit & loss account of the Company shall comply with the accounting standards, as may be prescribed by the Central Government in consultation with the National Advisory Committee on Accounting Standards (NACAS).

FUTURE CONTRACTS IN INDIAN REAL ESTATE MARKET A GAME CHANGER?

Curtains up! Imagine you deciding on buying a house six months down the line and already have arrested the purchase price thereby slaying the ghosts of cost escalations! Seems a fancy thought, but what if it actually happened?

RBI CIRCULAR

Interest Equalization Scheme on Pre and Post Shipment Rupee Export Credit Extension RBI/2021-22/65

PRIORITY SECTOR LENDING - REVAMPED GUIDELINE

To minimize regional disparity in Priority sector credit flow and boost economy to achieve sustainable development goals

BAD BANK

(New strategy for NPA Management)

NEW HORIZONS IN MSME FOR ATMANIRBHAR BHARAT

Preface: The Micro, Small & Medium Enterprises have been contributing significantly to the various sectors of the Indian economy. These are said to be the 'Engine of Economic Growth.

RECYCLING OF WASTE ''A NEED AND BUSINESS OPPORTUNITY FOR BANKS ''

Introduction: On 2nd October 2014 'Swachh Bharat Mission was launched through the length and breadth of the country as a National Movement to clean up the streets, roads, and infrastructure of cities, towns, and rural areas.

Pillar Of Financial Inclusion Microfinance

Access to conventional banking by all is the agenda of government and financial watchdogs and controller.

Opportunities And Challenges Of Blockchain For E-Voting

Introduction The persistent pandemic has forced every industry to innovate their use of technology and find new ways of running the business with minimum disruption. Challenges with conducting elections during these uncertain times are not any exception.

CERSAI 2.0: A WAY FORWARD

Government of India established the Central Registry of Securitisation Asset Reconstruction and Security Interest of India(CERSAI) to operate and maintain Central Registry functions as per SARFAESI Act 2002.

Bank of Maharashtra conducts 18th Annual General Meeting through Video-conference

Shri. Hemant Tamta Executive Director; Shri A.S. Rajeev, MD & CEO & Shri. A. B. Vijayakumar, Executive Director, Bank of Maharashtra are seen addressing the 18 th AGM of BoM through Video-conference.

ICICI Bank extends instant ‘Cardless EMI' for online shopping; enhances affordability of customers

ICICI Bank today announced that it has introduced the instant ‘Cardless EMI’ facility to online purchases made on e-commerce platforms.

PROFESSIONALISING BANKERS

The recent failures of LVB, Yes Bank and PMC have underlined the need for managing banks professionally at all levels from the counter clerk to the manager.

Align Talent With Business In Banking Industries

Developing talent is business's most important task - the sine qua non of competition in a knowledge economy. - Peter Drucker

RBI CIRCULAR

Priority Sector Lending (PSL) - On-lending by Small Finance Banks (SFBs) to NBFCMFIs RBI/2021-22/27

PARTICIPATIVE VIGILANCE : THE EYE OF PROVIDENCE

Chanakya has rightly said that Identify traitors before you hunt for the enemies. In 2018, the Punjab National Bank scam hit headlines, it rocked the entire Indian Banking sector as it laid bare the fallacies of the system. It demonstrated that how the presence of very few unscrupulous officials in a Bank can wreak havoc and hollow out the insides of a system like termites. Modernisation of Banking systems and the introduction of computers over the last two decades has increased accountability and put in place a system of checks and balances.

INCOTERMS® 2020 - AN EFFECTIVE TOOL TO REDUCE INCONSISTENCIES IN GLOBAL TRADE

INCOTERMS® is an acronym derived from international commercial terms. These standard trade terms listed under INCOTERMS® provide a universal meaning to buyers and sellers around the world.