CATEGORIES

INTERNAL RATING BASED APPROACH: A TOOL IN CREDIT RISK MANAGEMENT

Credit Risk is defined as a potential risk that a bank borrower or counterparty will fail to meet its obligations in accordance with agreed terms.

EMPOWERING MSMES: TAKING THE MERCHANT ONBOARDING PROCESS DIGITAL

Onboarding a merchant in less time with proper due diligence has always been the prime objective for every acquirer in the market. The conventional process of onboarding merchants is complicated. It is time-intensive and could require a lot of back and forth with pages and pages of paperwork.

BUT COOPERATIVES MUST SUCCEED

Basic challenge to the present century-old cooperative financial institutions in our country, as rightly indicated in one of the study reports, is to strike a balance between attaining profitability by running their business on commercial lines on one hand and carrying out their service-oriented activities under the well-conceived principles of coveted 'co-operative movement', on the other. Probably, this inherent conflict in their functions puts pressure on their efficiency and profitability.

Banking Technology, Fintech and Digital Transformation explored at the 10th Annual Middle East Banking Innovation Summit

The 10th Annual Middle East Banking Innovation Summit returned this week for two full days of panels and keynote presentations exploring the world of banking technology and digital transformation.

System Of Loan Delivery Of Bank Credit And Its Impact

Introduction: Cash Credit Limit is the most popular form of working capital and functions like an overdraft account. A firm which held a certain cash credit limit with a bank would withdraw money from that account whenever they required and repay it back whenever they have received the sale proceeds and pay the interest as per agreed rate of interest. It is true that having this type of credit facility is very useful for firms, but it created some volatility in liquidity management for banks. Many big firms often enjoy substantial cash credit limits but hardly use them, due to this reason banks are not earning any income from that un-utilised limit and at the same time banks are unable to meet the credit requirement of other firms because of lack of liquidity.

(R)Evolution Of Payment And Settlement System In India

Introduction: Payment and settlement systems employed in an economy play a vital role in economic development. These systems basically consist of the various and diverse arrangements that we use to systematically transfer money i.e, currency, paper instruments (such as cheques, drafts) and various electronic channels. When any person or entity enter into economic transactions, i.e. to purchase and sell goods or services, the value thereof needs to be settled by money or currency.

Marketing: A Practical Perspective For Field Units

'Business has only two basic functions marketing and innovation.'- Peter Drucker

HR: The Life Line Of Indian Banking Sector

Introduction The Human Resource has always served as a backbone of the Indian Banking system. The various aspects of Human Resource management flow as a blood to keep up the proper functioning of the Indian Banking sector alive. Banking sector plays a key in the development of Indian economy.

Cyber Security, Its Importance In Banking And Precautions

Cyber Security has become a major requirement for all the individuals and organisations that are doing any of the activity related to IT (Information Technology), as there is a major threat from various sources involved in cyber crime. Cyber Security provides the protection from any damage to software, hardware, network or electronic data from such external sources.

Training Programme at HUDCO organised by DoPT

The Housing & Urban Development Corporation Ltd is organizing a week-long in-service training programme for All India Service Officers from 22nd-26th February, 2021, through its Research and Training wing (Human Settlement Management Institute). The programme sponsored by Department of Personnel & Training, Govt of India on 'Cities of Tomorrow- Equitable, Sustainable and Resilient'aims to sensitize the officers towards sustainability, equity and disaster risk reduction in cities to meet future challenges.

HUMAN RESOURCE DEVELOPMENT (HRD)

HRD encompasses a humanistic concept and believes that employees who are the pillars of any organisation can do wonders provided they are involved in the job, entrusted with roles and responsibilities, should be made aware of their strength and provided with assistance to overcome their weaknesses. Employees being part and parcel of any organisation, their needs and aspiration should be aligned with the goals and mission of the organisation and only then the organisation would be successful in all domains and achieve the desired results.

RBI CIRCULAR

Risk-Based Internal Audit (RBIA)

PhonePe partners with Axis Bank on UPI Multi-Bank

PhonePe, India’s leading digital payments platform, today announced that it has partnered with India’s third-largest bank, Axis Bank on UPI multi-bank model giving its users the option to create and use multiple UPI IDs with Axis Bank’s “@axl” handle.

Cheque clearance process all set to get faster thanks to CTS

To expedite the process of clearance of cheques, the RBI has announced bringing all bank branches under the Cheque Truncation System (CTS). Also, the apex bank wants to centralize the digital payment helpline to address consumer grievances.

DEBT SECURITIZATION: THE PROCESS TO UNDERSTAND

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Resolution Framework For Covid-19 Related Stress For Personal Loans

Introduction: The Coronavirus pandemic has shattered the dreams of millions of Indians. India's economy, which was growing rapidly, has fallen flat. Tens of millions of people were coming out of poverty, megacities were being erected, India's strength was increasing and it was poised to become an economic superpower. Due to slowdown in the economy which was triggered by the impact of COVID-19 pandemic, some employees had either lost their job or working on reduced salaries thereby triggering a problem of serving of their EMIs.

Green Financing: The Sustainable Way Of Development

As the world was witnessing environmental degradation due to rapid industrialization and infrastructure growth, global leaders met on a global platform for evolving innovative ways for environment protection, without compromising on the economy. At this point, Green Finance was brought into existence.

What Next For MSMEs Post Covid-19

MSME Background India is having the largest base of Micro, Small, and Medium Enterprises (MSMEs) in the world after China. The sector is engaged in the manufacturing of varied products - ranging from traditional to hi-tech items and provides a wide range of services.

WRITE OFFS REVISITED

Write-offs by banks is a sensitive issue in the public eye. There is always a brouhaha when these figures are revealed by the banks or some enthusiastic researcher obtains the information under RTI and tells all. Whenever quarterly and annual results of banks are announced, the figures of write-offs and NPAs invariably invite close scrutiny.

RBI CIRCULAR

Data Format for Furnishing of Credit Information to Credit Information Companies and other Regulatory Measures RBI/2020-21/106 March 12, 2021

Mr. A.B. Vijayakumar joins as Executive Director, Bank of Maharashtra

Mr. A. B. Vijayakumar joined as Executive Director, Bank of Maharashtra (BoM) on 10th March, 2021. Before joining BoM, Mr. Vijayakumar was Chief Vigilance Officer at Indian Overseas Bank from 01st April 2020.

BANKING METAMORPHOSIS

It was that last classroom credit training program, just prior to this COVID-19 pandemic crisis, I was taking a class for Branch Heads of Semi-urban and rural branches.

Axis Bank launches WhatsApp Banking – Bank Anywhere, Anytime on your favorite chatting app

India’s third-largest private sector bank, Axis Bank is embarking on a partnership with the popular chatting app – WhatsApp – to offer basic banking services to its customers.

Mobile Banking An Anti Virus To Fight Against Corona Virus

Banking today is standing at the juncture of both economic threats and uncertainties due to advent of COVID pandemic. Corona a synonym of death has made the whole world come to standstill. While the former is based upon the hope of economic revival, latter is more evident from the on-going crisis and related setbacks.

Credit Guarantee Schemes - A Tool For Economic And Social Upliftment

Credit guarantee programmes are designed to share the lending risk of the lenders and in turn, facilitate access to finance for the prospective borrowers.

Is India Moving Towards Cashless Economy

Introduction In this computer and digital era, we are very fastly moving towards the digital platform in all fields of our life, the financial sector is not an exception. We all are using currency notes in almost all financial transactions since the beginning of the marketing era, but from the past few years, financial transactions are shifting to the digital platform very fastly.

TRAINING DESIGN A SCIENTIFIC APPROACH TO DEVELOPING CAPACITIES FOR GROWTH AND CHANGE

The purpose of organization training is to develop the knowledge and skills of employees of the organization to enable them to perform their roles efficiently and effectively.

RBI CIRCULAR

Opening of Current Accounts by Banks Need for Discipline RBI/2020-21/79

INTRODUCTION TO CERSAI WITH RECENT CHANGES LEADING UP TO CERSAI 2.0

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

INFRASTRUCTURE INVESTMENT TRUST IN INDIA

What is Infrastructure Investment Trust?