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By Ritika Bisht
In Banking & Finance
Apr 6th, 2016
0 Comments
700 Views
Finance Minister Arun Jaitley has revealed that the government will push for consolidation of the public sector banks once they are recapitalised and strengthened. He said, “We have now undertaken this exercise of recapitalisation of banks within the existing resources. I am trying to find additional resources for that purpose… strengthen the banks. Once th...
By Ritika Bisht
In Banking & Finance
Jan 19th, 2016
0 Comments
8933 Views
With the aim to bring all 25,000 departmental post offices under CBS (core banking system), the postal department has planned to open 1,000 ATMs by March 2016. CBS will enable customers to operate their accounts, and avail banking services from any post office on CBS network, regardless of where they maintain their account. According to DoP (Department of Posts) offici...
By GovernanceToday
In Banking & Finance
Sep 14th, 2015
0 Comments
1818 Views
IN INDIA, women comprise about 30 percent of corporate senior management positions, which is notably higher than the global average. However, it is equally true that they have to assume the responsibility of being a homemaker first. According to the World Economic Forum’s (WEF) Global Gender Gap Report 2014, Indian women spent an average of 352 minutes per day on unpai...
By Praveen Raman
In Banking & Finance
Sep 14th, 2015
0 Comments
1146 Views
Effective intervention is required to infuse life back in the segment A SOUND financial sector is supremely important for the economic health of a nation. The financial sector acts as a bridge for channeling resources from final savers to final investors. As a result, the greater the ease of resource intermediation, the lower the cost at which these resources  can be a...
By Sagarika Ranjan
In Banking & Finance
Sep 14th, 2015
0 Comments
1243 Views
After nearly two years of existence, Mahila Bank struggles to carve a niche INAUGURATED WITH much fanfare on November 19, 2013, with a promise of a bigger leap towards greater emancipation of women, what went wrong with Bharatiya Mahila Bank (BMB) that “rumors” of its merger is in the air of the banking world today? Of the women, for the women and by the women, all in ...
By Praveen Raman
In Banking & Finance
Sep 14th, 2015
0 Comments
1243 Views
THE MICROFINANCE institutions (MFIs) play a vital role in providing short term loans and other financial services in remote areas and helping people and communities come out of the vicious poverty. Given the low presence of banking facilities in remote areas, the MFIs have potential to provide financial services to the last man in the society and help him create wealth...
By Praveen Raman
In Banking & Finance
Sep 14th, 2015
0 Comments
1149 Views
NPAs are fast becoming a nightmare for banking sector NPA OR the non-performing asset of a bank is defined as a credit facility in respect of which the interest and/or installment of principal has remained ‘past due’ for a specified period of time. To put it simply, an asset is tagged as nonperforming when it ceases to generate income for the lender. Banks are technica...
By Ramesh Raja
In Banking & Finance
Sep 14th, 2015
0 Comments
1037 Views
Payments banks could redically alter basic banking at grassroot level VERY SOON, the nearest general store to your house or office might become a one-stop shop for depositing and withdrawing money. Thanks to the Reserve Bank of India for allowing in principle 11 entities to start payment banks; so much so that basic banking services will soon be offered even in unbanke...
By Anand Mishra
In Banking & Finance
Sep 14th, 2015
0 Comments
1238 Views
Banks need to alter there business models in wake of disruptive technologies, changing customer requirements and evolving operating environment For Kaushik Kumar, the last couple of years have been unlike the previous decade or so. Working in a semi urban branch in Bihar as a Branch Manager of one of the largest banks of the country, he is facing a dilemma. On one hand...