Who is better regulator? Mrs. Buch or Mr. Das? Whom would you vote for?
Indian financial system is being governed by two top professionals: Reserve Bank of India Governor Mr. Shakti Kanta Das and Securities and Exchange Board…
Posted inBanking Cybercrime Financial Literacy RBI
RBI innovates MuleHunter AI to identify mule accounts. Mules on way to layered and deceptive identity.
Mule account is not new. It has been in use since long. A bank account holder has been helping neighbor with his account to…
Posted inFinancial Literacy SEBI
Penal weapons in SEBI arsenal are like diffused bombs. Good to showcase but ineffective and inert.
SEBI’s three weapons of punishment – freezing of bank accounts, attachment of assets and debarment from securities market are proving futile. Frozen bank accounts…
Posted inCybercrime Financial Literacy
CCTV Syndrome… the cybercriminals are misusing CCTV surveillance system to their advantage.
CCTV is one of the most trusted and popular surveillance system of modern days. What if the CCTV is hacked and manipulated to commit…
Posted inDemat Account Financial Literacy
Why can’t we transfer shares online as we do with our money? Is there some vested interest?
Have you ever thought transferring shares online? You can make online transfer of as much money as you wish depending on your transaction limit.…
Posted inBanking Financial Literacy RBI
Banks and NBFCs ‘enjoy’ getting fined by RBI. The risk reward ratio is mouth-watering.
Every now and then RBI imposes penalty on banks and NBFCs for certain violations. Banks never go to court to get the fine stayed.…
Posted inFinancial Literacy SEBI
What if the regulator fails? Retail investors can’t afford SEBI’s failure.
What is the responsibility of a regulator? To bring a regulation before an incident or after it? The way capital market regulator Securities and…
Posted inBanking Financial Literacy Mutual Fund
Banks innovate to meet liquidity crunch. Launch deposits with SIP/SWP facility.
The liquidity crunch in banking system has paved way for innovative financial products. Banking system has the brand image of stable credentials and immunity…
Posted inBanking Financial Literacy
Growing influence of UPI is a nightmare for Banks. Thanks to NPCI.
The growing popularity of Unified Payments Interface (UPI) has been eating away the ‘extra income’ of banks. Banks are losing revenue to UPI at…
Posted inFinancial Literacy Mutual Fund
AMFI guidelines to curb frontrunning sound like regulating AI-powered robots with bamboo stick
Association of Mutual Funds in India (AMFI) has come out with Standard Operating Procedure (SOP) to curb frontrunning menace in mutual fund AMCs. These…
Posted inFinancial Literacy Mortgage Loan Scam
Mortgage scamsters get jittery over RBI move. ULI may prove a death blow for them.
The Reserve Bank of India’s (RBI) move to introduce Unified Lending Interface (ULI) in digital financial infrastructure has been accoladed by all the stakeholders…
Posted inBanking Financial Literacy RBI
Unable to maintain monthly balance in your saving account? RBI has a ‘remedy’.
Maintenance of Monthly Average Balance (MAB) has been a sticky point for customers, banks as well as the banking regulator. Interestingly, the Reserve bank…
Posted inBanking Financial Literacy
‘Let us party tonight’, shouted the leader of Cyberthieves. RBI notification gave them a reason to rejoice.
The Reserve Bank of India came out with a notification on 22nd August 2024 modifying e-mandate mechanism. Although, the modification is well intentioned move,…
Posted inBanking Financial Literacy
Your mobile might be shopping without your knowledge and consent. Courtesy NFC.
Near Field Communication (NFC) has empowered data-based devices to communicate without human intervention. An NFC enabled android phone can transmit payment to POS in…
Posted inFinancial Literacy Tax Evasion
Evade Tax, Karo Relax: Restaurants find innovative ways to eat away tax revenue
Restaurants are supposed to collects Goods and Service Tax (GST) from customers and credit into government coffers. The rate of GST varies from 5…