CATEGORIES

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

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