Yearly Archive:: 2020

CGTMSE Coverage for Micro and Small Enterprises

CGTMSE coverage for micro and small enterprises, CGTMSE, Credit Guarantee Fund Trust for Micro and Small Enterprises, CGS, Credit Guarantee Scheme, Guarantee, CGS-I, CGS-II, MSME, GDP, MSE, Udyog Aadhar Number, UAN, IT-PAN, Collateral free, guarantee free,
CGTMSE coverage for Micro and Small Enterprises is an initiative of the Government of India and SIDBI to ensure bank credit to Micro and Small Enterprise (MSE) without the insistence for collateral securities or third party guarantees.
21 May 20 Author CategoryBanking Products & Schemes, Banking Terms - Loans, Everything About No Comment Read More

Essential Commodities Act (EC Act) and its impacts

Essential Commodities Act, EC Act, essential, fair price, central government, state government, hoarding, black marketing, stock holding limit, compliance
Essential Commodities Act (EC Act) is an act enacted in 1955 by the Parliament of India with a view to ensuring availability of commodities declared as ‘essential’ at fair price. The EC act aims to avoid hoarding
20 May 20 Author CategoryEverything About, Indian Economy No Comment Read More

M-POS (Mobile Point of Sale) & Digital Banking

M-POS, Mobile Point-Of-Sale, terminal, credit, debit, NFC, EMV, Credit, debit, biometric, iZettle, Square Inc, cyber security, system requirement, evolution
M-POS or Mobile Point-Of-Sale terminal is a smartphone or tablet equipped with an application/ software provided by a vendor to convert it as a POS terminal. A dedicated wireless device that performs the functions of a cash
19 May 20 Author CategoryBanking Awareness, Digital Banking Products, Everything About No Comment Read More

Revised MSME Classification norms & Stimulus package

Revised MSME Classification norms, MSME classification, revised norm, Micro, Small, Medium, Enterprise, classification, original investment, MSMED Act 2006, plant, machinery, equipment, credit guarantee scheme, CGS, Atmanirbhar Bharat Yojna,
To boost MSME sector, the government has decided to amend MSMED act 2006 to revise the MSME classification norms. Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 presently classifies manufacturing and service enterprises into three categories
18 May 20 Author CategoryBanking Terms - Loans, Indian Economy, Quick Reference No Comment Read More

Types of Point Of Sale (POS)Terminals

Point Of Sale, POS , terminal, GPRS, PSTN, m-POS, Mobile, portable, base station, Acquirer owned, retailer owned, IPOS, Predominantly Off-line Terminal, POT, Integrated POS,
Point Of Sales terminals (POS Terminals) have played a key role in promoting payment card based transactions in India thereby catalysing migration to digital channel payments and digital banking. Today, all banks in India promote transaction through
17 May 20 Author CategoryBanking Awareness, Digital Banking Products, Quick Reference No Comment Read More

POS Terminal (Point Of Sale Terminal)

POS, POS Terminal, Point of sale terminal, benefits, types, GPRS POS terminal, PSTN POS Terminal
POS Terminal (Point Of Sale terminal) was conceived as an automated version of cash register. POS terminals have undergone a tremendous transformation thereby becoming an integral part of digital payment channels and digital banking. Today, POS terminals
16 May 20 Author CategoryDigital Banking Products, Quick Reference No Comment Read More

Franklin Templeton and closure of 6 debt MF schemes

Franklin Templeton Mutual Fund, winding up, 6 schemes, debt mutual fund, credit risk scheme, MF, liquidity, SLF-MF, investment grade, higher return,
Franklin Templeton Mutual Fund’s announcement to wind up six debt mutual fund schemes came like a bolt from blue for investors and markets. The decision was taken in the backdrop of continuous erosion in value due to
15 May 20 Author CategoryIndian Economy, Mutual Fund No Comment Read More

Reduction in term deposit interest rates – Recent trends

Interest rate, fixed deposit, advance, repo rate, senior citizen, debt fund, economy, India
Indian economy has been facing a slow down during major part of the calendar year 2019. The global slowdown arising out of China-US trade war, reduction in oil price, global economic slowdown etc have had its impact
14 May 20 Author CategoryBank Loans- General, Fixed Deposit Interest Rate, Indian Economy No Comment Read More

Cash withdrawal facility at POS terminals

Cash withdrawal facility at POS terminals, POS, Point-of-Sale terminals, digital channels for payments, digital banking, ATM network, digital transaction, cash withdrawal limit, cards, UPI
Cash withdrawal facility at POS terminals (Point-of-Sale terminals) was introduced in India by RBI in 2009, but failed to gain acceptance among public in India. However, the facility is gradually gaining popularity among the public as general
13 May 20 Author CategoryBanking News, Digital Banking Products, Quick Reference No Comment Read More

SLF-MF(Special Liquidity Facility for Mutual Funds)

SLF-MF, Special Liquidity Facility for Mutual Funds, liquidity support, Franklin Templeton MF, AUM, LTRO, TLTRO 1.0, TLTRO 2.0,
Special Liquidity Facility for Mutual Funds was an unusual window announced by the Reserve Bank of India for ensuring liquidity support to mutual funds. RBI announced the Special Liquidity Facility for Mutual Funds (SLF-MF) on April 27,2020
12 May 20 Author CategoryEverything About, Indian Economy, Mutual Fund No Comment Read More