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RBI New Rules for ‘Loan Loss Provision’ by Banks The Reserve Bank of India (RBI) has issued new rules for banks’ loan loss provisioning, aimed at aligning them with the expected credit loss (ECL) approach. The new norms will be applicable to all banks, including small finance banks and foreign banks operating in India. The…
Pakistan Economy Challenges | Pakistan is South Asia’s Weakest Economy, World Bank Report According to a recent report published by the World Bank, Pakistan has been declared the weakest economy in South Asia. The report highlighted various challenges that Pakistan’s economy is facing, including high inflation, slow economic growth, and an unstable political situation. The…
Kerala Becomes Country’s First Fully Digital Banking State Kerala has become the first state in India to complete the transition to a fully digital banking system. This accomplishment was achieved through the launch of the e-Vijaya initiative, which aims to provide a range of digital banking services to citizens across the state. With this move,…
SBI Card and Punjab & Sind Bank Launch Co-Branded Credit Cards: Benefits, Historical Context, and Key Takeaways SBI Card, the second-largest credit card issuer in India, has joined hands with Punjab & Sind Bank (PSB) to launch co-branded credit cards. The new credit cards will cater to the needs of PSB’s customers, offering them a…
Celebrating 6 years of BHIM, India’s Indigenous Payment Application Introduction BHIM (Bharat Interface for Money) is a mobile payment application developed by the National Payments Corporation of India (NPCI) in 2016. It was launched by Prime Minister Narendra Modi to promote digital transactions and reduce the country’s dependence on cash. BHIM has been widely accepted…
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic…
