CATEGORIES

Future Of Artificial Intelligence In The Banking Sector

Artificial Intelligence is the Intelligence demonstrated by machines, unlike the natural Intelligence displayed by human and animals, which involves consciousness and emotionality.

Blockchain And Cryptocurrency

Finance has long been a very conventional field with no major breakthroughs happening for many years until the introduction of Bitcoin in 2008 by an anonymous person/ group going by the name of Santoshi Nakamoto. Some people look at cryptocurrency as a major technical breakthrough in the field of Finance that has the potential to change the way we transact, while some look at it with skepticism since it can lead to increase in underground transactions. Through this paper we first try to understand what does 'Cryptocurrency' mean and briefly explain how does blockchain works,then whether truly cryptocurrencies are fool proof with no chance of fraud, and lastly,Reserve Bank of India's opinion on cryptocurrencies. The universe of cryptocurrencies comprises of various tokens and talking about each one of them is beyond the scope of this paper. In this paper we try to focus only on Bitcoin.

BANKING CAPITAL INCREASING CLOUT OF SOVEREIGN WEALTH FUNDS (SWF)

At a time when Banking capital is scarce and finance capitalism is driving the World, it is but natural to expect foreign money to find its way, to pump ailing weak banks.

Conference on Leadership Development for the New Normal, Nepal

Banking, Finance and Insurance Institute of Nepal (BFIN) organized a one-day conference entitled "Conference on Leadership Development for the New Normal" on 27 November, 2021 at the Radisson Hotel, Kathmandu.

AMALGAMATION OF PUBLIC SECTOR BANKS IN INDIA: BOON OR BANE?

Ten Public Sector Undertaking (PSU) banks amalgamated into four banks with effect from 1st April 2020. In the biggest consolidation exercise in the banking space, the number of public sector banks in India has come down to 12 from 18. There were as many as 27 Public Sector banks in 2017. In the past, various other bank mergers have taken place.

RBI CIRCULAR

External Commercial Borrowings (ECB) and Trade Credits (TC) Policy – Changes due to LIBOR transition RBI/2021-22/135 December 08, 2021

NEW UMBRELLA ENTITY - A GAME CHANGER

NUEs will be a non-profit entity that will set-up, manage and operate new payment systems, especially in the retail space such as ATMs, whitelabel PoS; Aadhaar-based payments and remittance services.

SCOPE AND OPPORTUNITIES OF PAYMENT BANKS IN INDIA

Payment banks is a new Indian model of banks conceptualized by the Reserve Bank of India (RBI).

Retail Banking Post Pandemic: Repositioning & Recalibrating For The Present & Future

The COVID-19 pandemic has brought economies to a standstill and has provided considerable challenges to banking and financial institutions. However, the banking industry has shown tremendous alacrity during the ongoing pandemic.

Block Chain Technology - A Tool Of Digital Transformation

"Artificial intelligence, machine learning, Internet of Things, blockchain and big data hold potential to take India to new heights" -PM Sri Narendra Modi at the 2016 World Economic Forum (On launch of "IndiaChain" by NITI Aayog)

PHYGITAL BANKING: WAY AHEAD FOR INDIAN BANKING INDUSTRY

The banking sector has witnessed a massive transformation in the last few years. The shelf life of physical banks has reduced immensely.

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.