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Aug 05 2020

Changing Banking Preferences of Consumers due to Covid-...

Covid-19 pandemic has widely impacted consumer behavior. It has caused a change in the way consumers do their banking and make their payments. Many consume...

Aug 04 2020

Master Circular on Scheme of penalties for bank branche...

The Reserve Bank of India issued a master circular on the scheme of penalties for bank branches based on the performance in rendering the customer service...

Aug 04 2020

Fair Practices Code for Asset Reconstruction Companies...

The Reserve Bank of India issued the Fair Practices Code for Asset Reconstruction Companies (ARC) on July 16, 2020.  It stated that these entities mus...

Aug 01 2020

Key Provisions of the Banking Regulation (Amendment) Or...

The Banking Regulation (Amendment) Ordinance was promulgated on 26th June 2020 in furtherance of the commitment to maintain the safety of depositors acros...

Aug 01 2020

Data Analytics for Non-Performing Assets (NPA)

Experts representing co-operative banks are of the opinion that data analytics for the management of Non-Performing Assets will be one of the topmost prior...

Jul 31 2020

Maintaining a balance between Digital Banking and Physi...

Banks and credit unions that lack digital options have found it tough to stay operational amid the Covid-19 pandemic. The pandemic has affected all those w...

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Jul 31 2020

SEBI Introduces the Framework for Regulatory Sandbox...

The market regulator, Securities, and Exchange Board of India (SEBI) introduced the framework for regulatory sandbox on 5th June 2020. Under it, the entiti...

Jul 30 2020

Advantages of Digitalization in NBFCs

The advancement of technology has transformed many industries and institutions. Financial institutions like NBFCs have also benefitted by emerging technolo...

Digital Optimization: Advantages and Disadvantages

Today our world is more digital than the past. So, in order to excel in this digital era, businesses must adopt a robust digital approach. From financial i...

How can payment frauds be reduced during Covid-19?

The Covid-19 pandemic has impacted the normal course of life for many people across the globe. The way they conduct their businesses has also changed. With...

Jul 29 2020

PM-SVANidhi- Micro Credit Scheme for Street Vendors...

The Union government has launched PM-SVANidhi- Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi, which is a micro credit scheme for providing affordable...

Jul 28 2020

Development of Open Banking in India

The banking industry has been witnessing a number of changes from the last few years and especially with the emergence of new players like Fintech and Neob...

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