GENERAL BANKING Archive

Internal Ombudsman (IO) Scheme, 2018

IO, internal Ombudsman, Internal Ombudsman Scheme, 2018, RBI, independent authority, rejected, complaint, grievance
Banks in India have been instructed by Reserve Bank of India (RBI) to appoint an Independent Internal Ombudsman (IO) under the Banking Ombudsman Scheme. As per the revised guidelines consolidated under Internal Ombudsman Scheme, 2018, all Scheduled
19 Nov 18 Author CategoryBanking News, Regulators & Institutions No Comment Read More

Q4 2018 D&B CFO Optimism Index Drops

Q4 2018 D&B CFO Optimism Index, Optimism, CFO, drops, decline, quarter, D&B, composite, index, survey, sectoral, company
Q4 2018 optimism among CFOs of Indian companies is at the lowest since Q2, 2014,  shows  the D&B Composite CFO Optimism Index. This is revealed by the Q4 2018 Dun & Bradstreet Optimism Index report released last
18 Nov 18 Author CategoryIndian Economy, Quick Reference One Comment Read More

D&B Composite CFO Optimism Index 

CFO Optimism Index, D&B Composite survey, CFO, Chief Financial Officer, economic performance, macroeconomic condition, macroeconomic level optimism index, Dun & Bradstreet, company level optimism index, indices, index, expectation, parameters
D&B CFO Composite Optimism Index is the result consolidated on the basis of a survey conducted among Chief Financial Officers (CFO) by Dun & Bradstreet. The D&B CFO Composite Optimism Index represents the expectations and feedbacks of
18 Nov 18 Author CategoryEverything About, Indian Economy No Comment Read More

Types of Complaints To Banking Ombudsman

Complaint, customer, banking, service, grievance, deficiency, para-banking, mutual fund, insurance, credit card, general banking service, loans, advances
Banking ombudsman scheme is a fast and low cost forum for quick resolution of customer grievances relating to deficiency in certain banking services.  What are the complaints that can be filed with banking Ombudsman? Any person aggrieved
17 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Banking Ombudsman Scheme of RBI

Ombudsman, Banking, Scheme, RBI, complaint, banking service, deficiency, ATM, Card, credit card, para banking, mutual fund, insurance, grievance, senior official, award, compensation
Banking ombudsman scheme is an efficient, low cost and fast customer grievance forum for bank customers in India. The Banking ombudsman scheme was introduced in India by Reserve Bank of India (RBI) in 1995 under the powers
16 Nov 18 Author CategoryBanking Awareness, Everything About One Comment Read More

Payment Cards in Digital Banking

payment card, plastic card, Debit card, card, credit card, ATM card, prepaid card, stored value card, charge card, virtual card, John Biggins, Charge-It, EMV chip, POS, Card Verification Value, CVV, CVD2, Card Not Present, single purpose card, multi purpose card,
A payment card is normally a plastic card that allows the holder to make an electronic payment. It has played a crucial role in the advancement of digital banking. Debit card, credit card, ATM card, prepaid card,
13 Nov 18 Author CategoryBanking Awareness, Everything About No Comment Read More

Section 7 of RBI Act and Its Implications

Section 7, RBI Act, Central Government, Direction, Empower, autonomy, MSME, NBFC, liquidity, extreme step, PCA, dividend, fiscal deficit
Section 7 of RBI Act 1934 is a provision in that authorizes the Central government in India to issue directions to RBI. Section 7 of RBI Act came into limelight due to reports that the Central government
11 Nov 18 Author CategoryBanking News, Quick Reference No Comment Read More

SEBI Revises Bid Size by HNIs to 50% of IPO

SEBI, HNI, BID size, quantum, IPO, retail investor, institution, Initial Public Offering, High Net worth Individuals, Securities and Exchange Board of India
Some of the recent IPOs had witnessed huge oversubscription by High Net worth Individuals (HNIs) in the segment reserved for them. The Initial Public Offering (IPO) of Apollo Micro Systems in January 2018 received 963 times subscription
10 Nov 18 Author CategoryBanking News, Equity No Comment Read More

Digital Public Credit Registry (PCR) in India – An overview

PCR, Public Credit Registry, RBI, digital PCR, single data source, credit information, credit, lender, borrower profile, digital banking, UPI, Aadhaar, GSTN, SEBI, Deosthalee committee, HTF, EOI, set up
Public Credit Registry (PCR) was indicated as a prerequisite by Reserve bank of India (RBI) for moving towards equitable and timely access to credit. PCR was muted as a giant step towards formalizing credit in India. RBI
5 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Initiative Q- Digital Banking Payment System in the Making

Initiative Q, Currency Q, Q, Q payment network, cryptocurrency, enrolment, incentive, digital banking, reward currency,
Initiative Q is a new payment system in the making. It has become a new buzzbord in financial sector. Initiative Q is in the early stages of establishment and the promoters expect to absorb and integrate the
4 Nov 18 Author CategoryBanking Awareness, Digital Banking Products No Comment Read More