Indian and foreign banks should exploit Islamic banking’s untapped potential to ensure the financial inclusion of “unbanked” populations excluded by the existing financial system, several experts have said. Islamic banking is a finance system based on the principles of not charging interest, which is prohibited under Islam. “Research shows...
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November 3, 2019 Loknath Das
Banking
No Comment
Banking services are likely to be hit on Tuesday (October 22) as two bank unions have called for a 24-hour strike . The strike is called by All India Bank Employees’ Association (AIBEA) and the Bank Employees Federation of India (BEFI). The unions are protesting against recent bank mergers, falling deposit...
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October 22, 2019 Loknath Das
Banking
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Maintaining a good credit score is crucial for obtaining bank loans and those failing to maintain optimum score are likely to be turned down. It will now become even more crucial for individuals to maintain good credit score. Some banks, which have already linked Reserve Bank of India’s...
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October 11, 2019 Loknath Das
Banking
No Comment
India’s fragile financial system is swinging between despair and hope. Two separate incidents, both featuring YES Bank, recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good things will come to Indian banking as a...
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September 22, 2019 Loknath Das
Banking
No Comment
Frauds worth Rs 32,000 crore rattle 18 public banks within three months, reveals RTI Atotal of 2,480 cases of fraud involving a huge sum of Rs 31,898.63 crore rattled 18 public sector banks in between April and June this year, an RTI query has revealed. The country’s largest...
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September 9, 2019 Loknath Das
Banking
No Comment
AS Ramasastri, Director, IDRBT – Nagara Gopal@The Hindu The Institute for Development and Research in Banking Technology upbeat on partnering fintech start-ups The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, is developing a model blockchain platform to cater...
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June 29, 2019 Loknath Das
Banking
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