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The banking sector in India is witnessing a sea of change, and bankers’ businesses have become more complex and difficult in this knowledge-driven era of technology.

Core Banking Solutions, Digital Banking, and 24/7 Banking Services play a crucial role in modern banking development.

The website will be of great help to the new entrants in the banking industry especially for their orientation to the core operational areas of banking.

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Our Latest Posts

PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

Agriculture in India is wholly dependent on nature. Crop insurance scheme has been implemented to protect the farmers from perils of nature. The Central Govt. has announced a new format of Crop Insurance in name of “Pradhan Mantri Fasal Bima Yojana (PMFBY)”, to be implemented from 1st April’ 2016. PMFBY was launched with aim to […]

POSITIVE PAY SYSTEM FOR CHEQUE PAYMENT

To provide customers safety in cheque payments and reduce instances of fraud occurring on account of tampering of cheque leaves, RBI introduces a mechanism of Positive Pay for all cheques of value ₹50,000 and above. RBI Governor Shakti Kanta Das has announced of the same on 6 August 2020. The Reserve Bank of India (RBI) […]

Income Recognition, Asset Classification (IRAC) and Provisioning Norms

In line with international practices and as per the recommendations made by the Committee on the Financial System (Chairman Shri M. Narasimham), the Reserve Bank of India has introduced, in a phased manner, prudential norms for income recognition, asset classification and provisioning for the advances portfolio of the banks to move towards greater consistency and […]

NON-COOPERATIVE BORROWERS

The issue of Non-Performing Assets (NPAs) in the Indian banking sector has become the subject of much discussion and scrutiny. When the borrower stops paying interest or principal on a loan, the lender institutions will lose money. Such a loan is known as Non-Performing Asset (NPA). Indian Banking industry is seriously affected by Non-Performing Assets. […]

WILFUL DEFAULTERS

A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it. The RBI has been initiating every effort to ensure that wilful default should not adversely affect the health of the banking system. The Reserve Bank of India (RBI) is in the process of […]