What are PSU banks and the reasons they are rising
Inside This Article Public sector banks have been performing quite steadily for quite some time, and the July to September quarter in 2022 vouches for it. These banks have registered unparalleled growth, and their asset quality has improved quite significantly. The stock market also highlights how amazingly PSU banks have been performing. Before we take […]
NRIs (Non-resident Indians) will be able to use UPI for processing payments
Inside This Article NRIs (Non-resident Indians) will now be able to use UPI for processing payments. NPCI (National Payments Corporation of India) says that NRIs living in ten countries can now set up UPI on their international mobile numbers. According to the new guidelines, they will now be able to use international mobile numbers for […]
RBI’s recent notifications: Impacts on NBFCs in 2023
Inside This Article Introduction As we know, NBFCs are performing an imensive job by providing credit facilities to specific niche sectors, viz., infrastructure and unbanked sections of the economy — thus, driving financial inclusion in India. And the sector has reported a total annual growth of almost 18% over the previous few years and is […]
How will digital banking units (DBUs) transform banking in India?
Inside This Article Introduction The Demonization and rise in digital payments paved the way for digital banking units (DBUs) in India, and the RBI’s Digital Payments Index (DPI) has increased to 349.30 in March 2022 from 153.47 in March 2019. Many banks are now prioritizing incorporating DBUs in their overall banking system because it helps […]
Major RBI Regulations Disrupting Fintech in 2022
Inside This Article The Indian FinTech ecosystem demonstrates uniqueness. Its growth depends on many things. Many people help it grow, like founders, startups, customers, companies, and the government. Each one plays a big part in helping it grow. Fintech is flourishing like never before in India. India is growing fast because of its strong digital […]
What are Non-banking Financial Institutions, and How do They Work?
Inside This Article The financial sector is quite difficult to get a grasp on. Owing to a myriad of sectors that have different norms, it becomes a bit cumbersome to make the right decisions. The laws for banks and NFBCs are quite different. If you have also wondered what non-banking financial institutions are and how […]
RBI’s Co-Lending Model Guidelines for Banks and NBFCs
Inside This Article Co-lending, also known as co-origination, is a system in which banks and non-banking financial companies collaborate to provide credit to the priority sector participants. Under this arrangement, banks and NBFCs share risk in an 80:20 ratio (80 % of the loan with the bank and a minimum of 20% with the non-banks). […]
How is blockchain changing/revolutionizing the fintech industry?
Inside This Article Gone were the days when blockchain technology was only associated with cryptocurrency. Now, many industries, like healthcare, insurance, logistics, medicine, entertainment, etc., are trying to harness the advantages of this new and evolving technology, and fintech, as an evolving industry that entirely depends on technology, does not want to lag in any […]
What is a Payment Aggregator, what are the benefits, How it works, and How to get registered with RBI?
Inside This Article Introduction Payment or merchant aggregators are third-party service providers allowing payment through several gateways without a merchant account with a bank or card association. PayPal was the first to offer such a service in 1998. Traditionally this has been quite a manual and muddled process to negotiate with each bank, card provider, and other financial […]
What role does VCFO play in a finance company?
This covers: Advisory on Lending Portfolio MIS Reporting Expert Regulatory Advisory Drafting Updating and Responsive to RBI notifications Moreover, a Virtual CFO provides the required tools, support, solutions, and system to build your dream business and delight your clients with bespoke financial solutions. 5. Boosts up profit margins and cash flow A Virtual CFO can […]
