This blog examines how ATMs are still relevant even though transactions on UPI and other digital modes are surging due to fear of handling cash in the wake of the pandemic. Nothing works like cash in disaster situations when...
Since the volume and value of cheques being cleared in India are coming down and so are cheque frauds, Positive Pay may not be required at this juncture.
The Reserve Bank of India issued a notification in January 2020 on enhancing security on card transactions. This requires cards to be active only for domestic PoS and ATM transactions, at the time of issuance. The cards should by...
This blog examines the need felt by the Government to privatise five PSU Banks and suggests an arms-length relationship and empowerment will heal most ailments of PSUs.
This post highlights the similarities between the Satyam fraud that unfolded 11 years ago and the recent Wirecard fraud
This post is on the way forward for the large depositors of PMC Bank in the light of the extension of Directives on PMC Bank by Reserve Bank of India
I have a cactus plant which I keep on the ledge outside my window. Over the last few years, it has been flowering just a few days before the beginning of monsoon. The flowers bloom as the sun rises. Within three to four hours...
Waiting for ‘Godot’? Depositors of the multi-state cooperative bank, PMC Bank aka Punjab Maharashtra Cooperative Bank Ltd. are anxiously praying for their deposits in the bank to be safely returned to them. Their hopes...
Just like a fairy tale! In early March of 2020, just before the Covid-19 pandemic and lock-down became all pervasive in India, we saw a fairy tale being played out in the banking sector. A young and aggressive ‘damsel’...
This post examines whether going 'digital' is indeed the way forward for banks
Recent Comments