CATEGORIES

FINANCIAL LITERACY CENTRE

Financial literacy is the ability of a person to effectively manage variety of financial skills, such as personal finance management, budgeting, and investing

AGRICULTURAL VALUE CHAIN FINANCING-AN EXPLORABLE AVENUE

A value chain is characterised by a market-focussed collaboration of a set of enterprises working together to produce, process and market products and services in an effective and efficient manner. The actors (private and public, including service providers) and the sequence of value-adding activities involved in bringing a product from production to the end-consumer

THE 3-1 PRINCIPLE FOR AN EFFECTIVE FINANCIAL PLANNING BY A SALARIED INDIVIDUAL

In the developing economy like India, the class which is impacted financially the most due to any slightest change in the economic climate nationally or globally is none other than the middle class that too the salaried segment

AUDIT & INSPECTION IN INDIAN BANKS OPPORTUNITIES AND CONCERN

\"Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations

E-BANKING MANAGEMENT IN INDIA

Electronic-banking use of computers and telecommunications to enable banking transactions to be done by telephone or computer rather than through human interaction. Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments. Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. UPI is powered by Immediate Payment Service (IMPS). It is regulated by the Reserve Bank of India (RBI) and works by instantly transferring funds between two bank accounts on a mobile platform. As of February 2022, there are 304 banks available on UPI with a monthly volume of 4.52 billion transactions and a value of Rs. 8.26 lakhcrore (US$110 billion). UPI witnessed 68 billion transactions until November 2021. The mobileonly payment system helped transact a total of Rs. 34.95 lakh crore (US$460 billion) during the 67 months of operation starting from 2016. As of May 2021, the platform has 15 crore (150 million) monthly active users in India. The proportion of UPI transactions in total volume of digital transactions grew from 23% in 2018-19 to 55% in 2020-21 with an average value of Rs. 1,849 per transaction. There were digital transactions worth Rs. 8.31 lakh crore in January 2022 via the platform.In FY 2022, the UPI crossed transactions worth $1 trillion.

RELIEF MEASURES BY BANKS IN AREAS AFFECTED BY NATURAL CALAMITIES

It is recognised that declaration of a natural calamity is in the domain of the Central / State Government

NPA MANAGEMENT OF PSU BANKS AT THE COST OF EXCHEQUER

Banking sector reform was done on the expectation of allocation of more commercial banks' credit to the existing real sectors vis-à-vis reducing operating costs of banks and statutory reserve and cash reserve ratios

PRODUCTION LINKED INCENTIVE (PLI) SCHEME 2.0

PLI Scheme, as the Production Linked Incentive Scheme is commonly abbreviated as, is an initiative started by the Government of India to not only encourage foreign companies to find workforce in the country and thereby generate employment, but also encourage domestic and local production to create micro jobs

QR: The Next Big Disruptor

QR codes are also being used in education to improve communication between teachers and students

RBI CIRCULAR

All individuals currently holding lockers in any operating bank in the country have to provide proof of eligibility to renew their locker arrangement. The locker renewal agreement must be signed by 1 January 2023. This rule would apply to every individual who uses safe deposit lockers in any bank in the country

DEPOSIT INSURANCE: A COMPARATIVE STUDY ON FDIC AND DICGC

Abstract - Deposit insurance has been an integral part of banking industry in ensuring the stability of financial systems. The Federal Deposit Insurance Corporation (FDIC) in the United States has been providing deposit insurance since 1933, whereas the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India was established in 1978. While both institutions serve similar functions, there are some notable differences in their policies and operations. This paper aims to explore the lessons DICGC can learn from FDIC and how it can be useful for the Indian banking industry and its customers. The study uses a qualitative research approach, utilizing secondary sources of data. The findings suggest that the DICGC can learn from the FDIC's best practices in terms of risk-based premiums, effective communication with stakeholders, and continuous review of policies. The study concludes that implementing these practices can enhance the efficiency and effectiveness of DICGC in ensuring the stability of the Indian banking system

CATASTROPHIC BONDS-ISSUANCE, TYPES, BENEFITS AND RISKS INVOLVED

Catastrophic bonds, also known as catastrophe bonds, are a form of risk management instrument

REINVENTING CUSTOMER EXPERIENCE THROUGH CONVERSATIONAL BANKING

The Banking, Financial Services & Insurance (BFSI) industry is continuously undergoing a remarkable digital transformation that is leading the way with new FinTech, InsurTech and RegTech services

GLOBAL REGULATORY PRIORITIES

Financial regulations refer to a form of regulation or supervision of financial markets and institutions

THE ROLE OF ARTIFICIAL INTELLIGENCE IN REVOLUTIONISING AGRICULTURE IN INDIA: A LOOK AT THE LATEST ADVANCEMENTS AND USE CASES

Agriculture has been one of the most fundamental practices that sustains human life, and the advancements in technology have made it possible to optimize the processes involved in Agriculture and allied activities. India's backbone is still its farmers

5G Banking

India has taken a mega leap in mobile telephony by joining a select group of countries who provide 5G telephony.

Artificial Intelligence - An Enabler For HR Analytics

Human Resource (HR) management has undergone a disruptive transformation in the recent past with the advent of big data, machine learning and artificial intelligence (AI).

What Is The Primary Purpose Of Investing

In today's world, investment has become a hot topic of discussion, but have you ever asked yourself why you should invest? The answer to this question is straightforward- the purpose of investing is to help you achieve your life goals, both short-term and long-term.

PRIORITY SECTOR LENDING CERTIFICATES (PSLC)

Priority Sector Lending Certificates is a tool for promoting comparative advantages among banks while they meet their priority sector lending obligations in India

SWOT Analysis and Emerging Trends of Corporate Governance in India

Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled

"CREDIT MONITORING ARRANGEMENT" - A TOOL FOR EFFECTIVE CREDIT ASSESSMENT

Every business be it small or big needs funding to expand in its capacities in the form of plants, machinery, equipment, meeting working capital requirements, etc

JAN SAMARTH:A DIGITAL FULCRUM FOR CREDIT LINKED SCHEME

The Prime Minister of India Shri Narendra Modi has launched Jan Samarth Portal on 6th June 2022 which is focused to connect beneficiaries directly to lenders

Truss Lost The Trust, Rishi To Resolve?

The United Kingdom (UK) has the legacy of being the most stable leading economy over the last 500 years. The UK is one of the leading financial markets.

Financial Inclusion - The Journey And Road Ahead

Financial inclusion is increasingly being recognized as a key driver of economic growth and poverty alleviation the world over.

Metaverse: Experiencing A New Dimension In Banking

The term "Metaverse" was first used in the novel "Snow Crash", a science fiction novel written by Neil Stephenson in the Year-1992.

Economic Survey 2023: Indian economy to grow 6-6.8 per cent next fiscal year

India's economy is projected to slow to 6-6.8 per cent in the fiscal year starting April - still remaining the fastest growing major economy in the world - as extraordinary challenges facing the globe will likely hurt exports, the Economic Survey said.

Platform-as-a-Service (PaaS): A new Frontier

In the recent past, most of the IT oriented people were thinking that the cloud computing paradigm is only a Software-as-a-Service (SaaS) and Infrastructureas-a-Service (IaaS).

CHALLENGES AND FUTURE OF NEO BANKING IN INDIAN BANKING INDUSTRY - A WAY FORWARD

Neo Bank has acquired popularity recently as a result of its introduction into the financial technology market.

DIGITAL LENDING - A WAY FORWARD

Digital lending is the process of availing credit online. Its increased popularity amongst new-age lenders can be attributed to expanding smart phone penetration, credit range flexibility, and speedy online transactions. In the last few years, India has seen a massive disruption in the fin-tech space that has brought flexibility and the versatile digital customer experience in banking and lending. Additionally, the outbreak of COVID-19 has created a huge space for consumers and business enterprises to heighten the lending market growth. Digital lending has a larger opportunity in India and the total retail loan which could be distributed digitally till 2023 would be over $1 trillion. According to research work of Boston Consulting Group on consumer behaviour across purchase journey, 50% of loan seekers with internet access buy their loans online.

e-₹, The Digital Currency Of India: Way Forward

Currency is a form of money that is issued exclusively by the sovereign (or a central bank as its representative).