Banking & Finance

By GovernanceToday
In Banking & Finance
Mar 19th, 2019
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562 Views
Yono cash has been launched in India by State Bank of India (SBI) YONO Cash was formally launched in Visakhapatnam, YONO Cash through which customers can withdraw money from ATMs without using a card, The YONO Cash available at over 16,500 SBI ATMs across the country What is YONO cash ? How does the Cardless Cash Withdrawal work? YONO mean : You only Need One is an int...
By GovernanceToday
In Banking & Finance
Mar 13th, 2019
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417 Views
The World Gold Council its latest report highlights the quantum of gold holding by the different countries. The findings of the report are. India has the 11th largest gold reserve and the current holding pegged at 607 tones India’s would have been at the tenth position had the list included only countries. International Monetary Fund (IMF) ranks third on the list with ...
By GovernanceToday
In Banking & Finance
Mar 9th, 2019
0 Comments
347 Views
The Reserve Bank of India (RBI) has eased business guidelines for white label ATMs.At present there are eight White Label ATM operators in the country – AGS Transact Technologies Ltd, BTI Payments Pvt Ltd, Hitachi Payment Services Pvt Ltd, Muthoot Finance Ltd, Riddi Siddhi Bullions Ltd, SREI Infrastructure Finance Ltd, Tata Communications Payment Solutions Ltd, and Vak...
By GovernanceToday
In Banking & Finance
Apr 7th, 2018
0 Comments
1035 Views
INDIAN BANKING INDUSTRY Is it really vulnerable to frauds? – I f   s o,   w h a t   m a k e s   t h e   i n d u s t r y   s o   v u l n e r a b l e ?  The story begins with the decade of the nineties. The year 1991, being a year of Indian banking liberalization, fetched a happy era which saw the economy undergoing a pretty good amount of growth and changes. As su...
By Ritika Bisht
In Banking & Finance
Apr 6th, 2016
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867 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
23670 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
1588 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
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1172 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
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1204 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
1117 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...