CATEGORIES

What You Need To Know About Cryptocurrency

Crypto means a person who adheres or belongs secretly to a party or group, not openly declared. Cryptocurrency is a virtual currency or digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurencies are decentralized networks based on blockchain technology - a distributed ledger enforced by a disparate network of computers.

Time Bank Is Need Of The Time

The concept of Time Banks is gaining momentum at a rapid pace in the entire world. Time banks have been established in 34 countries The numbers of Time Banks have grown sharply in the year 1940. At that time the number of Time Banks in United States were500 and now more than 37000 enrolments exist. Time Banks also have a significant presence in Switzerland, Japan, South Korea, New Zealand, Taiwan, Senegal, Argentina, Israel, Greece, and Spain.

AXIS BANK ACQUIRES CITIBANK'S INDIA CONSUMER BUSINESS FOR RS. 12,325 CR

In a significant acquisition in the Indian banking sector, Axis Bank has acquired Citibank's consumer businesses for Rs 12,325 crore.

HAS THE WHEEL COMPLETED A FULL CIRCLE?

The above question has come to the foray, as the farm bills passed by the parliament has become an Act with the assent of President Sri Ram Nath Kovind.

FOREIGN CONTRIBUTION (REGULATION) AMENDMENT ACT 2020, GUIDELINES AND BANK PROCEDURES

The Government of India notified FCRA 2020(Amendment) and it came into effect from 29th September 2020 and has given strict enforcement and stringent penalties (including criminal consequences) for violations of the FCRA. Let us understand the rules for foreign contribution from its inception.

TRANSFORMATION EFFORTS OF THE BANKING INDUSTRY OF BANGLADESH IN THE NEW NORMAL

The impact of the Covid-19 crisis created foundation for the transformation and restructuring of the banking industry. Historically, economic and financial crises challenged traditional business models which appear to be even more relevant during new normal.

FINANCIAL ACTION TASK FORCE : ACHIEVEMENTS AND CHALLENGES

Task force FATF is the money laundering and terrorist financing watchdog.

DIGITAL LOAN MONSTERS

Good news is in the air. India is celebrating arrival of immunizations against deadly corona virus.

DEALING WITH UNCLAIMED BANK DEPOSITS

Unclaimed deposits are commonly defined as those deposits which are lying in accounts not operated for a period of 10 or more years.

BEND BUT DONT BREAK: OPERATIONAL RESILIENCE

The word resilience was coined by Emmy Werner in the 1970s. She studied a cohort of children from Hawaii.

BANKERS IN A BIND AFTER NCLAT RULING ON DHFL RESOLUTION

Bankers are now in a quandary after the NCLAT recently ruled that the Committee of Creditors' (CoC) decision to approve the resolution plan of DHFL was "illegal”; the plan containing an “illegal” stipulation on recovery of avoidance transactions was not sustainable.

Banking During Covid And Beyond

Precently humanity is going through a major challenge, a challenge to survive. No one can predict the future so everyone is trying to hold himself in a confined environment looking for the new sunshine to begin wherein everything will be normal and we all can breathe freely in the unmasked environment and live a happy and healthy life.

IBC'S 2021 JOURNEY

Thought passed by the Parliament in May 2016, the Insolvency and Bankruptcy Act (IBC), picked up momentum only when RBI recommended 12 significant cases for IBC.

DOUBLING FARMERS INCOME-NEED OF THE HOUR

Agriculture and allied sector provides livelihood to 54.6% of the population of India (census 2011) and it contributes 17.80 % to the country's Gross Value Added (2019-20) as per Economic Survey 2020.

SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)

The Special Purpose Acquisition Companies (SPACs)have been since 2003 in US but have been growing in popularity throughout the world due to number of reasons like growth potential of target businesses, time consuming process of traditional IPO, credibility of sponsor and availability of liquid securities in the post COVID-19 times.

RETAIL LENDING IN RURAL AREA: NEED A HOLISTIC INNOVATIVE APPROACH

Most of the Indian population is living in the villages and the agriculturists are playing a vital role in the economic development.

REGIONAL BANKS' SECRET WEAPON FOR DIGITAL SUCCESS

Regional rural banks and credit unions often set themselves apart by offering personalised, community-oriented experiences their enterprise competitors can't. As financial services shift to a virtual-first dynamic, maintaining those connections is the key to winning and keeping customers.

RBI CIRCULAR

Transactions in Credit Default Swap (CDS) by Foreign Portfolio Investors – Operational Instructions - RBI/2021-22/155 - February 10, 2022

RENDITION OF HR DIGITAL TRANSFORMATION

In the last few years, the phrase "Digital Transformation" has become universal owing to its large-scale acceptance and implementation in various fields.

ROLE OF HR IN BUILDING ORGANIZATIONAL RESILIENCE

The Coronavirus pandemic has taught us many lessons & one of the most important lessons for the organization is to assess regularly "How prepared are we to bounce back". Individual resilient behavior is needed when an organization is in crises or in transformation. Without individual resilient behavior, it is difficult for an organization to be resilient. This article highlights the role of human resource department in building individual resilient behavior which in turn results in Organizational Resilience.

WHAT THE SC ORDER ON RERA MEANS FOR HOMEBUYERS

The Supreme Court in its judgment last week suggested some changes in the Real Estate Regulatory Authority Act (RERA) to protect the interests of homebuyers. The ruling may force changes in state rules modelled on this Act.

RBI CIRCULAR

Exim Bank Government of India supported Line of Credit (LoC) of USD 40 million to the Government of the Togolese Republic RBI/2021-2022/141

Customers can now remit their customs duty through KarurVysya Bank (KVB)

Customers of KVB can now remit their customs duty payment online through'ICEGATE' portal of Central Board for Indirect Taxes and Customs (CBIC). CBIC had earlier approved the inclusion of the Bank as one of the authorized bankers for collection of taxes.

Employee Training In Banking Industry: An Essential Tool For Organizational Growth

Human being is one of the best creations of Nature in the whole universe, who is being nurtured by the continuous learning, education and training. Without training and education, no difference will be there in human beings and rest of the creatures on the earth.

Debt Securitization - The Process To Understand

Securitization is the process of liquidating the long term assets like loans and receivables of financial institutions by issuing marketable securities against them.

TREDS: A CASH FLOW SOLUTION FOR MSMES

MSMEs have been facing the problem of delayed realization of their bills and receivables since long, particularly from large corporate buyers and government organizations.

TALENT MANAGEMENT IN THE EMERGING BANKING SCENARIO

Ability teaches us how we do, Motivation determines why we do, And Talent decides how well we do.

Paisabazaar.com and Axis Bank Launch Pre-Qualified Program for Personal Loans

Paisabazaar.com, India’s largest digital marketplace for consumer credit, announced today that it has strengthened its partnership with Axis Bank, India's third largest private sector bank, by launching a Pre-Qualified Program for unsecured loans on its platform.

PRIVATISATION OF PSBS A NEW PANACEA

The country is going through a discussion about privatisation of PSBs and Government is vigorously pulling up for the same.

AGRICULTURE INFRASTRUCTURE FUND SCHEME: OPPORTUNITIES TO FINANCE

The role of infrastructure is crucial for agriculture development and for taking the production dynamics to the next level. It is only through the development of infrastructure, especially at the post-harvest stage that the produce can be optimally utilized with opportunity for value addition and fair deal for the farmers. Development of such infrastructure shall also address the vagaries of nature, the regional disparities, development of human resource and realization of full potential of our limited land resource.