CATEGORIES

FROM RUPEE TO DIGITAL CURRENCY: UPI AND CBDC IN INDIA

India's remarkable digital transformation has been driven by innovative financial technologies and a vision for an inclusive, cashless economy. Two significant milestones in this journey are the Unified Payments

EMPOWERING THE DIGITAL JOURNEY: THE CRUCIAL ROLE OF STRAIGHT-THROUGH PROCESSING (STP) IN BANKING

In the ever-evolving landscape of banking and financial services, the digital revolution is reshaping industries and redefining customer expectations. As banks embark on their digital journeys to meet these changing demands, the implementation of Straight-Through Processing (STP) has emerged as a cornerstone strategy for success. STP not only streamlines internal operations but also plays a pivotal role in enhancing customer experiences, reducing costs, and fortifying the foundation for a seamless digital future.

'DIGITAL BANK' - LICENSING AND REGULATORY FRAMEWORK IN INDIA AND WAY FORWARD

Last 6 to 8 years have seen rapid development in 'Digital bank' across the world, and China is no exception. Digital banks have an entirely branchless digital service and the need for physical branches is replaced by non-stop, 24/7 customer service and automated systems.

CONCENTRATION: THE NAUGHTY MONKEY

Maintaining mental focus can be quite challenging, especially with the constant distractions we encounter on a daily basis. In today's interconnected world, it is incredibly easy to get sidetracked by notifications from social media or the latest news updates. However, having strong mental focus is vital for achieving success. The ability to concentrate on a task at hand is essential for learning, accomplishing goals, and performing well in various situations.

LLPs are required to report to the RoC on the "Significant Beneficial Owner"

The Registrar of Companies (RoC) will now require a report from a Limited Liability Partnership Firm (LLP) regarding its Significant Beneficial Owner (s) to be submitted within 30 days of the date on which the individual made the statement regarding having or obtaining that status.

CROSS SELLING IN BANKS

Marketing practitioners and banking consultants alike understand the need for relationship development in establishing and maintaining a solid customer base.

GREENWASHING HIDING TRUTH BEHIND GREEN

Greenwashing misleading refers to the practice of making or false claims about the environmental benefits of a product, service, company, or practice in order to appear more environmentally friendly than they actually are.

HARNESSING TECHNOLOGY FOR CREDIT DISPENSATION: TRANSFORMING THE UNORGANIZED SECTOR

Small business or to be very specific unorganized small business is the economic foundation of India.

EMPOWERING INDIA'S ARTISANS: PM VISHWAKARMA YOJANA

The PM Vishwakarma Yojana is dedicated to support traditional arts and crafts by providing multi-dimensional support to artisans. The initiative acknowledges the challenges faced by the sector due to modernization and market changes.

MSME FUNDING: A DIFFERENT STANDPOINT FOR BANKS IN INDIA

The Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades and have been a primary focus of policymakers at the central and state levels as it is a valuable contributor to the overall economic growth and development in terms of employment, value chain creation, foreign exchange earnings, critical supplier of large industries, promotion of regional balance and inclusive development, and so on.

NEW DAWN TO OPEN BANKING: EMBRACING DIGITAL INNOVATION IN FINANCE

Open banking is a financial concept that refers to a financial services model that enables third-party providers to access financial information from banks or other financial institutions through open application programming interfaces (APIs).

REBOOT OF CUSTOMER EXPERIENCE TRENDS IN THE BANKING INDUSTRY 2023

The COVID-19 pandemic created a mega shift from physical to digital, acting as the catalyst for digital progress multiple times over.

Digital Rupee: A Currency Revolution For All??

The Indian central bank's digital currency, known as the e-rupee, is starting to gain attention.

Why there are so few women in banking

In mid-September, President Droupadi Murmu pushed for increased representation of women in the Gujarat Assembly. She also called for more representation of women in politics in general.

CHANGING FACE OF AGRI BANKING

The Banks in India have played a vital role in the development of the country's economy, be it the rural one or the urban one. More specifically, the Indian public sector banks, The Regional Rural Banks and the cooperative banks have been serving the financial needs of the rural population of the country since their very initial days.

AN OPEN CALL BY RBI FOR BANK'S TO SETTLE OUT "WILFUL DEFAULTS"

Based on recent guidelines issued by the Reserve Bank of India on Wilful Defaulters-

PUBLIC TECH PLATFORM FOR FRICTIONLESS & EASY CREDIT FLOW

The Reserve Bank of India (RBI) has announced a pilot programme for 'Public Tech Platform for Frictionless Credit'.

THE RISE OF VOICE-BASED PAYMENT SYSTEMS: A CONVENIENT AND SECURE FUTURE

In recent years, technological advancements have significantly transformed the way we interact with financial services.

UNLOCKING THE POWER OF SOCIAL LEARNING: A HIDDEN GEM IN CORPORATE TRAINING

Are you tired of traditional training methods that feel like one-way traffic, with information being dumped on you without much engagement? What if there was a way to learn that not only captivates your attention but also taps into the power of human connection and collaboration?

Compelling Need Of The Hour: Digital Banks

The structure of the banking system in India can be broadly divided into scheduled banks, nonscheduled banks and development banks, however during recent times banking evolved to new horizon and changed into multi aspect branches of banking.

5 Key Customer Experience Challenges That Nbfcs Need To Solve

The NBFC (Non-Banking Financial Company) sector has emerged as a driver of inclusive growth in the Indian economy, playing a crucial role in providing credit to the underserved segment.

CAG focuses on Al to uncover fake claims, conduct performance audits

From identifying non-existent schools claiming scholarship benefits to detecting similar images used by multiple beneficiaries of government schemes, the Comptroller and Auditor General of India (CAG) is using Artificial Intelligence (Al) and Machine Learning (ML) in a big way.

Uniform Civil Code and Hindu Undivided Family: Why it must preserve tax benefits

The 22nd Law Commission of India has solicited views from all stakeholders on the Uniform Civil Code (UCC), seeking to achieve goals that are in line with Article 44 of the Constitution.

GOVERNMENT'S DEBT SHOPPING: NEED OF TIME

Public debt or Govt Debt is the total amount borrowed by the government of a country. In the Indian context, public debt includes the total liabilities of the government (Both Central and State).

IMPACT ANALYSIS OF UNITED STATES FISCAL DEFICIT

Days before the US government could start to run out of money and default on its debt, Congress has approved a deal to lift the country's borrowing limit.

Bank of Maharashtra launches slew of Digital Products Services

Bank of Maharashtra a premiere Public Sector Bank in the country, strengthens its digital channels by launching several new products and utilities to enhance the banking experience for both its customers and staff members.

Green Economy to Emerge as the New Pillar of Cooperation Between India and Africa

The 18th edition of CII-Exim Bank Conclave on India-Africa Growth Partnership was inaugurated by Dr. S Jaishankar, Hon'ble Minister of External Affairs, Government of India at New Delhi on June 14, 2023.

HDFC Bank onboards over 1 lakh customers and 1.7 lakh merchants under CBDC pilot programme

HDFC Bank announced the launch of UPI QR code interoperable with India's sovereign digital currency, Central Bank Digital Currency (CBDC).

ESG And Its Impact On Banking Sector

The term 'ESG', which stands for all environmental, socioeconomic, and governance concerns, is consequently gaining traction in the business and corporate sector

Rise Of Dynamic Data Storytelling

Storytelling has been an integral part of human culture since ancient times, predating even the invention of writing. It is a pivotal aspect of our social and cultural interactions, involving narrative sharing through improvisation, theatrics, or embellishment