In recent years, Financial Crimes in Banking Sector reported a huge rise in India. The growth in the number of banking frauds over the years is marginal as compared to the growth in value of banking frauds is tremendously increasing day by day. Financial Institutions consider fraud as the cost...
The persons or institutions engaging in atransaction. That is, thebuyerand thesellerof a good are the counterparties to thesaleof that good. While it could apply to any transaction, the term is most common when referring to the counterparties of aswap. ...
Farmers will be encouraged to use the cluster technique when they will receive financial incentives. The implementation of the cluster model will assist the government in launching crop planning. This was Ashok Dalwai committee's recommendation to double farmers' income. Additionally, the committee had...
Rating Service A company that evaluatespreferred stocksanddebt securitiesbased on the likelihood ofdefault. The ratings service provides an objective rating to thesecurity; the rating is higher when the likelihood of default is lower. There are three main ratings services:Moody's,Fitch, and Standard...
The KYC Directions are one of the most operationally detailed and challenging guidelines issued by RBI and quite notably, a significant area where financial entities face RBI penalties and action. One of the major pain points for these institutions is repetitive KYC of customers which increases not...
(iii) Such other non-banking institution or class of such institutions as the bank may with the previous approval of the Central Government specify. The definition excludes financial institutions besides institutions which carry on agricultural operations as their principal business. Non-banking financ...
Our new research service compares op risk practices at financial institutions – from staffing to AI safeguards, key controls to board reporting packs. Click here for selected highlights Events Risk Live North America 08 Oct 2025-09 Oct 2025 ...
RBI supervisory jurisdiction extends over urban cooperative banks, NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all Indian financial institutions. Topic: Taxation 7. Central Goods and Services Tax (Amendment) Bill, 2023 and Integrated Goods and ...
Moreover, the study tries to discuss that even though microfinance is playing a vital role for development and those profit-oriented microfinance institutions, still it is not up to the expected level. Thus, to fulfill even some of its progressive goals, it must be regulated and subsidized, ...
From social banking to efficient banking: In the pre reform period, the Reserve Bank of India (RBI) consciously played a developmental role by encouraging banks to mobilise savings through deposits and promoting institutions, namely commercial banks, regional rural banks, and cooperative banks so that...