GENERAL BANKING Archive
Foreign Contribution (Regulation) Act (FCRA) 2010
Foreign Contribution (Regulation) Act (FCRA) 2010 is an Act of the Indian Parliament that envisages twin objectives. FCRA Act 2010 is a consolidation of the laws regulating the acceptance and utilization of foreign contribution or foreign hospitality
HBA scheme for Government Employees in Kerala shifted to Banks
Kerala State Government employees will have to approach scheduled commercial banks/ NBFCs functioning in the state to avail of House Building Advance (HBA scheme) hereafter. So far, the loans under House Building Advance at concessional rate of
Digital Banking: Opportunities and Challenges
Digital Banking, over a period has revolutionized banking and has moved beyond internet banking. Digital Banking today enables a bank to have a 360 degree interaction with the customer. Technology has played a pivotal role in this
First Cryptocurrency Kiosk in India installed by Unicoin
Cryptocurrency exchange Unocoin has installed the first cryptocurrency kiosk in India to enable Indians to buy and sell cryptocurrencies including bitcoins. The kiosk has been unveiled in Kemp Fort Mall in Bengaluru. M/s Unocoin Technologies Pvt Ltd
Morgan Stanley’s List of Ten Disruptions for Indian Equity Investors
Morgan Stanley says that ten highly relevant disruption themes are awaiting Indian equity investors in the coming decade. These themes are positive for those who are ready to embrace change. According to Morgan Stanley, all relevant disruptions
Financial Bill, Finance Bill and Money Bill
India being a federal country, laws can be made separately by Union Government and State Governments covering their domains. The Union Government (Federal Government) makes laws for the entire country and the State Governments for their respective
Insurance Regulatory and Development Authority of India (IRDAI)
Insurance Regulatory and Development Authority of India (IRDAI) was incorporated in April 2000. IRDA was constituted by the Insurance Regulatory and Development Authority Act, 1999. By the Act of Parliament passed by the Government of India, IRDAI
Compliance Audit and Risk Based Supervision
An audit is basically an inspection of the financial accounts, transactions and conduct of an entity or company undertaken by supervisory authorities. Compliance Audit and Risk Based Supervision (Audit) are two prominent forms of audits. In finance
Evolution of Corporate Governance in India
Corporate governance is all about managing a company by balancing the interest of all stake holders and abiding to the laws of the land. For a company, there are many stakeholders. Some of the major stake holders
Unique Document Identification Number (UDIN) and ICAI
Unique Document Identification Number (UDIN) is a computer system generated unique number for validating documents certified or attested by a Chartered Account. Why is Unique Document Identification Number (UDIN) introduced? There have been many complaints that financial