tag:blogger.com,1999:blog-75727722008-05-14T18:21:42.480+05:30Banknet Indiahttp://www.blogger.com/profile/07470143303077342700noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-7572772.post-13904520557217531392008-04-29T09:15:00.002+05:302008-04-29T09:22:22.159+05:30

Reserve Bank of India (RBI) Annual Policy Statement for the year 2008-09 announced on 29th April 2008. We all know that RBI Credit & Monetary Policy directly impacts the banking and financial sector which include banks, financial institutions, NBFC’s, primary money market dealers and dealers in forex markets etc. RBI Credit Policy also affects individuals & corporates. If RBI's policy results

finanzhttp://www.blogger.com/profile/10816076532046924339noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-41400297153294735662008-04-22T01:11:00.005+05:302008-04-22T01:26:17.968+05:30

The Indian economy had been booming for the past few years. The adoption of the free market economy model has created great opportunities for foreign businesses. However, India continues to be ranked low on variety of indicators like Ease of Doing Business, Starting a Business, Dealing with Licenses, Employing Workers, Registering Property, Getting Credit, Protecting Investors, Paying Taxes etc.

intellecthttp://www.blogger.com/profile/04606784844131941574noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-70930680490530032112008-03-18T02:04:00.004+05:302008-03-18T02:28:52.202+05:30

Merchant bankers have been harrasing public issue applicants by forcing them to attach photocopies of PAN cards with the application forms. In most such cases the applicants have to return as they are not aware of such stipulation. Thankfully, SEBI circular of 11th March 2008 has clarified that the practice of requiring public issue applicants to attach photocopies of PAN cards with the

finanzhttp://www.blogger.com/profile/10816076532046924339noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-49647131240984815752008-02-29T07:43:00.002+05:302008-02-29T08:03:49.532+05:30

Indian Economic Survey 2007-08– which is a report card on the Indian economy ahead of the Union Budget– has favoured more liberalization and reforms. The Survey contains Policy options which may not necessarily translate into actual policy, or form a part of the Union Budget due to pressures of government’s leftist allies . It however, provide clues to medium-term policy direction the

finanzhttp://www.blogger.com/profile/10816076532046924339noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-22985516873631463592008-02-27T20:29:00.005+05:302008-02-27T20:50:48.378+05:30

Indian Railway Budget 2008-09 has been hailed as a good budget by most. One of the Industry/Trade associations has gone ahead and even called it a `Pragmatic, Progressive & Futuristic’ Budget. But why everybody is so pleased with this budget? First the financial performance is very impressive. Gross Traffic Revenues at Rs 72,755 cr - 16% higher than the previous year and 2% higher than the

intellecthttp://www.blogger.com/profile/04606784844131941574noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-89496852001277576732008-02-20T22:16:00.003+05:302008-02-20T22:33:25.108+05:30

Reserve Bank of India has clarified to banks that permanent correct address, means the address at which a person usually resides and can be taken as the address as mentioned in a utility bill or any other document accepted by the bank for verification of the address of the customer. However,banks can also accept an identity document and a utility bill of the relative with whom the prospective

finanzhttp://www.blogger.com/profile/10816076532046924339noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-48352623426405743682008-02-19T16:09:00.003+05:302008-02-19T16:19:09.044+05:30

Finally Reserve Bank of India has allowed mortgage guarantee companies to commence the business of providing mortgage guarantee in India. Mortgage guarantee firms would provide guarantee to a home loan lending institution against default. This will provide a cushion to banks and financial institutions. Since a mortgage guarantee company will provide guarantee against any default, bankers

intellecthttp://www.blogger.com/profile/04606784844131941574noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-78421750504360653002008-02-17T11:19:00.005+05:302008-02-17T11:33:57.435+05:30

I feel that if few rules are followed when using ATM can help you crime prevention at or near ATMs when you withdraw , especially at night : 1. ATMs are located in well-lit areas that are highly visible to passing traffic; 2. Minimise your time at the ATM by having your card ready when you approach the machine; 3. Take a look around as you approach the ATM and if there's anything

intellecthttp://www.blogger.com/profile/04606784844131941574noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-396349318298373272008-02-08T17:24:00.000+05:302008-02-08T18:27:42.102+05:30

Online security was always seen as a deterrent to many users. In fear of losing the online information to somebody else, the greater threat is when the information concerns about your bank account. Moreover it is easy for hackers to steal information from newbies. The easiest options for them are to send 'trojans' or 'keyloggers' (programs that record what a user is typing on his keyboard, login

Tech Guruhttp://www.blogger.com/profile/02784530736138760095noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-71142403386721802662008-02-02T17:48:00.000+05:302008-02-05T14:56:07.989+05:30

Recently RBI released its Third Quarter Review of Annual Statement on Monetary Policy for 2007-08. In the review, RBI was expected to cut rates in view of the slowing industrial growth. But the reluctance to do so has disappointed trade associations in India. FICCI President, Mr. Habil Khorakiwala, expressed his views in this context of the slowdown in industrial growth. He mentioned that RBI

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-70446368437643488832008-01-22T15:38:00.000+05:302008-01-25T15:50:41.668+05:30

Recently, Banknet had conducted a customer survey on Payment Products (i.e. Internet / Mobile Payments, Credit/Debit Cards, ECS and the likes). Banknet survey showed that most people who have an ATM-cum-Debit card still use cash for making payments. Survey tried finding the reasons. Survey found that when paying for Railway Bookings or at petrol pumps, banks charge 2.5% of the transaction value

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-15316010062038935062007-12-28T07:10:00.000+05:302008-01-25T15:52:40.333+05:30

Reserve Bank of India feels that cost effective access to ATMs will encourage usage of ATMs and want banks to reduce the Service charges for ATMs and soon phaseout all fees. This is good news for customers. But in future banks may not be interested in investing in new ATMs. Even maintaining present ATM networks may become unviable for banks. So rationalization & transparency in rates is need

finanzhttp://www.blogger.com/profile/10816076532046924339noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-3515120199050758052007-12-21T13:42:00.000+05:302007-12-22T12:21:14.941+05:30

It is high time that India becomes proactive on Sustainable Development. Awareness of terms like Sustainable Development and Corporate Social Responsibility is relatively low in India vis-a-vis the rest of the world. Global warming and climate change are particularly important in the context of sustainable development, especially for developing countries. The role of financial institutions in

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-9458428457980903852007-12-17T00:26:00.000+05:302007-12-17T00:42:26.873+05:30

Success of any new product depends on the usage and acceptance from the customers/endusers. Presently success of products like RTGS is seen in volume terms and not by the transaction numbers. Minimum amount of Rs 1 lac , additional charges and lack of awareness of RTGS may be hindering the success of this product.Banknet's Customer Survey on Payment Systems attempts to determine the awareness

finanzhttp://www.blogger.com/profile/10816076532046924339noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-26671044425157642992007-12-13T17:56:00.000+05:302007-12-15T14:11:10.460+05:30

Vikram Pandit, is the youngest person to become the CEO of Citigroup. A master in electrical engineer by degree, Vikram switched to the financial field to make a mark in Morgan Stanley. A year ago, Vikram had founded Old Lane, a hedge fund focused on real estate and infrastructure opportunities in India, right after leaving the top executive position at Morgan Stanley. Citigroup later bought out

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-28970305294974950282007-12-10T15:08:00.000+05:302007-12-15T14:11:31.948+05:30

We all get a number of mails asking for help in transferring their millions of dollars to India - showing an opportunity for earning huge commissions. These mails that usually are from Nigeria or other African countries asking for help by using your bank account for the funds transfer. Every week we also win million of dollars in lotteries. Internet servers mark these messages (and we should

Finance Sensehttp://www.blogger.com/profile/12688600361640374031noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-27261130898440863292007-12-07T16:45:00.000+05:302007-12-15T14:11:49.203+05:30

The Institute for Development and research in Banking Technology (IDRBT) recently announced that it has removed the inter-bank ATM switching fees. What this means is that when you transact at an ATM that is not owned by your bank ("other-bank" ATM), your bank saves the two Rupees per transaction it would otherwise had to pay to IDRBT to connect to the other bank's infrastructure. So the direct

Finance Sensehttp://www.blogger.com/profile/12688600361640374031noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-56394655353408389122007-12-01T13:53:00.000+05:302007-12-01T15:55:55.078+05:30

The RBI has now decided to intervene in the recovery formula of banks - a system that concerns people who have taken bank loans more than their repayment worries. RBI feels that the system could risk the reputation of the banking sector as a whole. Therefore, banks are now urged to follow prescribed specific considerations, which currently are in the making, while engaging recovery agents. Post

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-59623698913442868822007-11-27T15:31:00.000+05:302007-11-27T18:42:37.824+05:30

Recently, McKinsey & Co. released a study on the Indian Banking System. According to the study, the IT effectiveness of some leading Indian banks is better than that of banks abroad. The study also finds the level of customer satisfaction in Indian metros is lower than that in rest of Asia. Banks' IT infrastructure in the past year has been focused on implementing Know Your Customer (KYC) as per

Finance Sensehttp://www.blogger.com/profile/12688600361640374031noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-47271104080208349972007-11-24T10:43:00.000+05:302007-11-24T13:41:07.089+05:30

An increase in the disposable income of Indians has led to an upswing in the lifestyle of people. A growing need for insurance has also been observed, as more families are dependent on only one earning member. There are two types of life insurance - term plans, which are the simplest and cheapest form of risk cover, and savings based plans, where one can expect returns after a period. The number

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-3965829471294067102007-11-23T11:58:00.000+05:302007-11-23T11:59:01.796+05:30

The RBI made guidelines addressed to all Scheduled Commercial Banks/NBFCs who involved in DSAs/DMAs for telemarketing back in July 2006. The Telecom Regulatory Authority of India (TRAI) later set-up a dedicated site effective September 2007. 'An amount of Rs. 500/- per call/message has been prescribed to discourage telemarketers who make calls to numbers registered in Do Not Call list. The

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-1266792035083407892007-11-16T17:11:00.000+05:302007-11-19T11:55:44.164+05:30

People hear (and have even experienced) several instances where they find some deductions in their bank account statements. And they are usually not intimated before the bank charges them. Also, the fees for various banks quite differ from one another. The Reserve Bank receives lot of complaints from consumers about these charges being too high. The RBI, in this regard, had made a scheme for

Finance Sensehttp://www.blogger.com/profile/12688600361640374031noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-70385106596176545532007-11-14T11:51:00.000+05:302007-11-14T17:08:11.909+05:30

ATMs are now the most used touch-point between the bank and the customer. The security measures at an ATM are far lesser than that found at a bank branch. ATMs are equipped with either a camera or a watchman, and rarely both, let alone any additional measures. This brings us to the question, that as an individual, is transacting at ATMs really secure? Complex frauds like card swapping and card

Finance Sensehttp://www.blogger.com/profile/12688600361640374031noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-49092799825767592512007-11-08T15:03:00.000+05:302007-11-12T10:56:19.156+05:30

We all know that banks hire recovery agents to, well, recover outstanding dues from customers. However, the term 'recovery agents' did not take much time to become synonymous with 'goons'. The people hired by these banks and credit companies often threaten the customer into paying up money. They do not seem to be trained to work as per their hiring company's image. It is not hard to guess that

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.comtag:blogger.com,1999:blog-7572772.post-42617378452670067672007-11-07T15:59:00.000+05:302007-11-08T15:24:23.324+05:30

Mobile Banking, a facility being provided by many banks in India, is not entirely a new concept. But the scope of this service is now expanding. It is now not just restricted to checking your balance or mini-statements on your mobile screen. The great penetration of this medium in India has the potential to effectively tap the unbanked people. As mobile-based applications expand from GPRS based

smartinvestorhttp://www.blogger.com/profile/10517233731168064968noreply@blogger.com