CATEGORIES

PUBLIC CREDIT REGISTRY (PCR): GAME CHANGER IN RESHAPING OUR CREDIT ECOSYSTEM

The Public Credit Registry (PCR) is the culmination of recommendations given by the committee headed by Y.M.Deosthalee.

Door Step Banking - Opportunities And Challenges

Doorstep Banking [DSB] is one of the key action points of the roadmap for banking reforms under the EASE (Enhanced Access & Service Excellence) Reforms brought out by the Department of Financial Services, Govt of India. Initially it was meant to give service to senior citizens and person with disabilities.

Role Of Chatbot As A Banking Tool

With consumer expectation increasing, the use of artificial intelligence, machine learning and chat bots in banking is also increasing. Banks and credit unions worldwide are testing new application and deploying new solution to improve overall digital customer experience.

PNB Signs MoU with Indian Air Force for 'PNB Rakshak Plus Scheme'

Punjab National Bank (PNB), nation's leading Public Sector Bank, has signed a Memorandum of Understanding (MoU) with the Indian Air Force (IAF) to provide specially designed products to the defence personnel under the bank's flagship scheme of 'PNB Rakshak Plus'.

LoanTap announces business collaboration with Muthoot Finance

A leading digital lending fintech platform, Loan Tap, has announced a business collaboration with Muthoot Finance.

SBI Card Partners with Aditya Birla Finance to Launch 'Aditya Birla SBI Card'

SBI Card, India's largest pure-play credit card issuer, announced the launch of 'Aditya Birla SBI Card', a highly rewarding lifestyle credit card, in a strategic partnership with Aditya Birla Finance Ltd. (ABFL), the lending subsidiary of Aditya Birla Capital Ltd.

BIG DATA IN TODAY'S ERA

The year 2021 was out of the ordinary as global businesses struggled to keep afloat amid the pandemic. This unusual situation accelerated digitization globally, which led to a surge in "digital data."

STAKEHOLDER CAPITALISM-NEW NORMAL

"Stakeholder Capitalism" is making headlines in economic and corporate world and the World Economic Forum has envisioned it to be the future of trade and investment. The concept which has transformed the purpose and goal of business and ensures that business serves society at large, gained momentum after Larry' Fink's (CEO Black Rock Investment) letter in 2018 to CEOs to make a positive contribution to society.

STARTUP INDIA SCHEME - A REVIEW

Startup India Scheme is a flagship initiative of the Government of India (GOI) intended to generate large scale employment opportunities which was launched in January 2016.

Development Banks: An Overview

Development banks are the financial institutions that provide long-term credit for capitalintensive investments spread over a long period and yielding low rates of return, such as infrastructure projects, mining, heavy industry and irrigation systems.

Treasury : New Profit Centre Of Banks

Later the inroads to different kinds of other profit making businesses opened for banks with RBI intervention and liberalization of the Indian economy. Slowly but steadily banks started venturing into new markets and dealing in different instruments like capital market, money market, foreign exchange market, bond market and derivatives market instruments to garner profit.

Of Self Help Groups And Financial Inclusion In Poverty Reduction

Financial inclusion, in its narrowest connotation, can be construed as an endeavour that provides people, especially those in the hitherto un-banked region, a bank account.

Now, Credit Cards Can Be Linked To UPI

The Resirve Bank of India said that credit cards will now be allowed to be linked to Unified Payments Interface accounts as UPI has become the most inclusive mode of payment in India.

FINANCIAL SYSTEMS AND MARKETS IN INDIA

A system that aims at establishing and providing a regular, smooth, efficient and cost effective linkage between depositors and investors is known as financial system. The functions of financial system are to channelize the funds from the surplus units to the deficit units. Financial system is one of the industries in an economy. It is a particularly important industry that frequently has a far reaching impact on society and the economy. But if its occult trappings are stripped it is like any industry, a group of firms that combine factors of production (land, labour and capital) under the general direction of a management team and produce a product or cluster of products for sale in financial market. The product of the financial industry is not tangible rather it is an intangible service. Financial industry as a whole, produces a wide range of services but all these services are related directly or indirectly to assets and liabilities, that is, claims on people, organization, institutions, companies and government. This is the process of diversion of the productive capacity of the conomy to the making of capital goods which increase future productive capacity. Process of capital formation involve three distinct but inter-dependent activities: savings, finance and investment. The financial system in process of capital formation has to decide as to how capital is to be used. Poor choice in deciding which economic projects are to be embarked upon, leads to wastage of resources. The better the quality of judgment exercised in allocation, the more rapid economic progress.

RBI CIRCULAR

Restriction on Storage of Actual Card Data [i.e. Card-on-File (CoF)]

UNLOCKING THE LAND MARKETS IN INDIA : A STEP TOWARDS BETTER CREDIT CULTURE AND URBAN INFRASTRUCTURE

A constitution as voluminous as ours surprisingly refers to land only fleetingly. Spread over 395 articles in 22 parts and eight schedules, the subject of land comes up in only four parts.

SIGNIFICANT HURDLES IN MAKING FULL RANGE OF FINANCIAL SERVICES AVAILABLE TO ALL

Despite making rapid strides in digital transactions and expansion of universal banking services to the last mile, there are still significant hurdles in making the full range of financial services available to all sections of the population, especially those in low income groups and senior citizens.

PRE-PACKAGED INSOLVENCY RESOLUTION PROCESS-A HYBRID FRAMEWORK TO SAVE VIABLE MSMES

MSME sector in India is second largest employment generator after agriculture, and acts as a breeding ground for entrepreneurs and innovators with considerable support in strengthening business ecosystem.

E-RUPI

(A Prepaid Electronic Gift Voucher for specific purpose)

Bank Liable For Break-In And Theft From Locker

Gopal Prasad Mahanty and his daughter Rupali had been customers of State Bank of India's Bokaro Steel City Branch in Jharkhand for nearly four decades.

Central Bank Digital Currency (Virtual Form Of A Fiat Currency)

Over the last few years, there is growing interest in cryptocurrencies like Bitcoin, Litecoin and Dogecoin which work on a distributed ledger technology known as the block chain network.

New Umbrella Entity: Ushering Payment Revolution

India has been on the cusp of a technological revolution driven by fintech companies.

A HOLISTIC APPROACH IN ASSESSMENT OF NON-FUND BASED LIMITS AND IT'S PRECAUTIONARY MEASURES

In assessment of the working capital of a borrower, banks shall consider the two types of facilities i.e. Fund based and Non-fund Based facilities.

BUSINESS CORRESPONDENT MODEL- UNDER FINANCIAL INCLUSION, ISSUES & STRATEGIES FOR MAKING ITA SUCCESS

Financial inclusion is a process of providing access to appropriate banking and financial products and services to the vulnerable groups in particular such as weaker sections, low income groups at an affordable cost.

RBI'S ACCOUNT AGGREGATORS FRAMEWORK WILL REVOLUTIONISE FINANCIAL INCLUSION

Last year in September, India's latest financial data-sharing system went live with the unveiling of the Account Aggregators network.

UNION BUDGET 2022: IMPROVING ACCESS TO FINANCE

The Finance Minister of India, Ms. Nirmala Sitharaman presented the Union Budget 2022-23 ("Budget") on 1st February 2022.

STRESS TESTING : NEED AND IMPORTANCE

Stress Testing is described as the evaluation of a bank's financial position, under a severe but plausible scenario to assist in decision making within the bank.

STUDY OF PROJECT TECHNICAL FEASIBLITY AND ECONOMICAL VIABILITY

Banks are financing every type of advances.

ROLE OF ARTIFICIAL INTELLIGENCE AND ANALYTICS IN BANKING

AI and Data Analytics have evolved with the surge of the digital revolution, due to which there has been huge growth in the dynamics of how these are used today in banking.

RBI CIRCULAR

Framework for Geo-tagging of Payment System Touch Points