BANKING FINANCE - July 2024

En este asunto

In this issue we have covered articles on Phishing - A Social Engineering Technique and ways to deal with IT - Abhinav Jain; Growing Grey and Gorgeous - Arup Dasgupta; Empowering Accessibility through AI in Banking: Revolutionizing Assistive Technologies - Anish Shrimali; Investment Opportunities in Different Asset Classes - Sailesh Kumar; From Concept to Reality: Large Action Models (LAMs) and the Evolution of AI - Nirooj Fidin; Challenge of NPAs in the Indian Banking Sector - Sanjay M. Nafde; Tackling Trade-Based Money Laundering in the Modern Financial Landscape - Partha Sarathi Nayak.

We have covered news on Banking, RBI, Industry, Mutual Fund and Co-Operative Bank News.

Besides it covers other interesting features.

ICICI Bank introduces 'SmartLock', a unique safety measure on iMobile Pay

ICICI Bank announced that it has launched 'SmartLock', a unique safety measure to enable its customers to lock/unlock A multiple banking services instantly, without seeking the help from a customer care executive through phone or e-mail.

1 min

India Exim Bank opens its East Africa representative office in Nairobi, Kenya

Export-Import Bank of India (India Exim Bank) on May 31, 2024, inaugurated the East Africa Representative Office in Nairobi, Kenya in the gracious presence of H.E. Dr. Musalia Mudavadi, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs, Republic of Kenya; Dr. Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance, Government of India; H.E. Ms. Namgya C. Khampa, High Commissioner of India to Kenya; and Ms. Harsha Bangari, Managing Director, India Exim Bank.

1 min

World MSME Day: HDFC Bank Empowers MSMEs with Special Knowledge Sessions

Ahead of World MSME Day, HDFC Bank started an exclusive campaign for Micro, Small and Medium Enterprises (MSMEs), to provide an impetus to businesses in deeper geographies. The campaign aims to spread awareness on various banking products and services, government policies for MSMEs and encourage them to adopt digitisation in their business dealings.

1 min

Indian Bank observes International Day of Yoga

Indian Bank, observed the 10th International Day of Yoga with the central theme, 'Yoga for self and society'.

1 min

PHISHING- A SOCIAL ENGINEERING TECHNIQUE AND WAYS TO DEAL WITH IT

In this era, where we are in a world which can't be imagined without use of technology in all facets of banking, the biggest challenge that needs to be addressed is various social engineering techniques used with mala fide intention, which costs people their hard earned money. There are various ways in which social engineering techniques are used to cheat people like phishing, baiting, spoofing etc.

10+ mins

EMPOWERING ACCESSIBILITY THROUGH AI IN BANKING: REVOLUTIONIZING ASSISTIVE TECHNOLOGIES

Introduction - Artificial intelligence (AI) is the field of computer science that aims to create machines and systems that can perform tasks that normally require human intelligence, such as perception, reasoning, learning, decision making, and natural language processing.

7 mins

INVESTIMENT OPPORTUNITIES IN DIFFERENT ASSET CLASSES

\"Don't Put All Your Eggs in One Basket\".

10 mins

FROM CONCEPT TO REALITY: LARGE ACTION MODELS (LAMS) AND THE EVOLUTION OF AI

Introduction - In the rapidly evolving landscape of artificial intelligence (AI), a transformative paradigm shift is underway with the emergence of Large Action Models (LAMS). These cuttingedge AI systems represent a monumental leap forward from their predecessors, Large Language Models (LLMs), by imbuing AI with the capability not only to understand language but also to execute complex tasks autonomously.

5 mins

CHALLENGE OF NPAS IN THE INDIAN BANKING SECTOR

India has a long history of venerated banking system of over 200 years, in which banks have been playing a pivotal role in making financial sector strong and viable through sustainable pace of economic growth. Banking System in India is diverse and encompasses commercial banks, regional rural banks, urban cooperative banks, and primary agricultural credit societies. After independence, several changes have taken place in the banking sector right from government monitored policies to the breezing liberalized world of post 1991 period.

10+ mins

TACKLING TRADE-BASED MONEY LAUNDERING IN THE MODERN FINANCIAL LANDSCAPE

If we inquire informally among a group of bankers about familiarity with terms like a Letter of Credit (L/ C), Bill of entry (BOE), or Buyer's Credit, only a few might possess this knowledge. This introduces us to the intricate world of trade finance-a realm filled with unique terminologies and practices, characterized by its complexity and specialization.

6 mins

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BANKING FINANCE Magazine Description:

BANKING FINANCE Magazine is a monthly magazine published by Sashi Publications Pvt Ltd. in Lucknow, India. It is one of the leading banking and finance magazines in the country. The magazine is known for its in-depth coverage of the Indian banking and finance industry, as well as its insights from leading experts in the field. It covers a wide range of topics related to banking and finance, including:

* Banking trends and developments: BANKING FINANCE Magazine covers the latest trends and developments in the Indian banking industry, such as new digital banking initiatives, regulatory changes, and mergers and acquisitions.
* Financial markets: BANKING FINANCE Magazine also covers financial markets, including the stock market, bond market, and currency market. The magazine provides analysis of the latest market trends and investment opportunities.
* Corporate finance: BANKING FINANCE Magazine also covers corporate finance, including articles on capital markets, mergers and acquisitions, and corporate restructuring.
* Personal finance: BANKING FINANCE Magazine also features articles on personal finance, such as saving, investing, and retirement planning.
* Risk management: BANKING FINANCE Magazine also covers risk management, including articles on credit risk, market risk, and operational risk.

BANKING FINANCE Magazine is a valuable resource for anyone who is interested in the Indian banking and finance industry. It is a must-read for anyone who is looking to stay informed about the latest trends and developments in the industry, or who is looking for insights from leading experts in the field.