Welcome to Banking Digest

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

EARLY WARNING SIGNALS (EWS) AND RED FLAGGED ACCOUNTS (RFA)

Banks in India are reeling from the overhang of bad loans on their books across both the public and private sector. After a prolonged period of stress, which saw the gross non-performing assets (GNPA) of scheduled commercial banks rising drastically. The Reserve Bank of India’s (RBI’s) Financial Stability Report (FSR) of December 2020 has […]

GARNISHEE ORDER & ATTACHMENT ORDER

GARNISHEE ORDER A Garnishee Order is an order issued by a court under provisions of Order 21, Rule 46 of the Code of Civil Procedure, 1908. The concept of ‘Garnishment’ has been introduced in civil procedure code by the Amendment Act, 1976, and is a remarkable piece of legislation. This term has been derived from […]

CIBIL SCORE, CREDIT INFORMATION REPORT & CREDIT INFORMATION COMPANIES (CICS) IN INDIA

Your CIBIL Score is an evaluation of your credit history for determination of your loan eligibility. With many applicants looking for a loan, banks were increasingly finding it difficult to carry out intensive background checks regarding the credit-worthiness of the applicant. A Credit Information Company (CIC) is an independent organization licensed by the Reserve Bank […]

NATIONAL URBAN LIVELIHOODS MISSION (NULM)

Government of India, Ministry of Housing and Urban Poverty Alleviation has restructured the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY) and launched the NULM w.e.f. 24.09.2013. Scheme is operative in all districts headquarters irrespective is population and all cities with population of 1 lakh or more and that SJSRY was to remain operational till March […]

INFORMATION SECURITY IN ELECTRONIC BANKING

Internet banking has become one of the fastest and easiest way of banking. Information security issue is the most important one in using Internet and it becomes more crucial while implementing the Internet in banking sectors. This research revealed a lot of risks and threats to the security of online banking information which are increasing […]