Blog | BANKEDGE | Professional Certification Courses In Banking

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In view of the recent Government initiatives, more people opt for digital transactions in our country, for transfer of funds, and other operations, however, the same is still causing issues at various levels. Recently it was reported that ICICI Bank is blocking transactions through PhonePe, which is an app developed on UNITED PAYMENT INTERFACE (UPI).

Payment bank license has been issued to India Posts, by RBI which permits them to roll out commercial operations, under the permit. This is the third entity to receive official communication from RBI for setting up the Payment Bank, the previous two being Bharti Airtel and Paytm. What are the services available through this Bank?

30 Jan

INDIA POSTS – PAYMENT BANK

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Payment bank license has been issued to India Posts, by RBI which permits them to roll out commercial operations, under the permit. This is the third entity to receive official communication from RBI for setting up the Payment Bank, the previous two being Bharti Airtel and Paytm. What are the services available through this Bank?

UNHEDGED STATUS OF INDIAN FIRMS CAUSES CONCERN

HEDGE is an investment to reduce the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting position in a related security, such as a FUTURE CONTRACT ( generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at

28 Jan

UNHEDGED STATUS OF INDIAN FIRMS CAUSES CONCERN

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HEDGE is an investment to reduce the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting position in a related security, such as a FUTURE CONTRACT ( generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at

YES…..BCCT is back, but differently. To avoid large amount of cash transactions being made, the Naidu committee has recommended levy of transaction tax on all cash transactions above Rs. 50,000. In November last year the Government had appointed a committee headed by the Andhra Pradesh Chief Minister Chandrababu Naidu, which has given its recommendations as

25 Jan

BANKING CASH TRANSACTION TAX (BCCT)

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YES…..BCCT is back, but differently. To avoid large amount of cash transactions being made, the Naidu committee has recommended levy of transaction tax on all cash transactions above Rs. 50,000. In November last year the Government had appointed a committee headed by the Andhra Pradesh Chief Minister Chandrababu Naidu, which has given its recommendations as

EFFECT OF NOTE BAN ON CONSUMER GOODS DURING THIRD QUARTER

The note ban has hit the consumer goods and thus, the results for the December quarter has been disappointing. Around 3.2 lakh crore of domestic Fast Moving Consumer goods (FMCG) has received the main jolt, with Hindustan Unilever (HUL) showing a fall in the growth to the tune of four percent. However, the same has

25 Jan

EFFECT OF NOTE BAN ON CONSUMER GOODS DURING THIRD QUARTER

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