innovationinbanking

e-Service(s) of Paravada Block in Visakhapatnam District of Andhra Pradesh State through NOFN           The new name of NOFN is BharatNet. The Union   Cabinet on 25.10.2011 approved the NOFN project.           Objectives of BharatNet:- Objective 01) BharatNet is planned to connect all the 2,50,000 Gram Panchayats in the country for providing broadband connectivity in the Gram Panchayats. Objective 02) Non-discriminatory access to the network will be provided to all the telecom service providers. Objective 03) These access providers like mobile operators, Internet Service Providers (ISPs), Cable TV operators, content providers can launch various services in rural areas. Various applications for e-health, e-education, e-governance etc. will be provided. The project is being executed by a Special Purpose Vehicle (SPV) namely Bharat Broadband Network Limited (BBNL), which has been incorporated on 25.02.2012 under Indian Companies Act 1956. Andhra Pradesh i

          Now, it’s the turn of Indian Railways to boost UPI volumes. Passengers can book rail tickets through two channels i.e Offline and Online PRS is the offline channel. NGeT is the online channel. Next Generation E-ticketing system (NGeT) provides the web based front-end application to handle all the Internet ticket bookings for IRCTC. Passenger Reservation System (PRS) provides reserved accommodation for passengers, in various classes of travel, Tatkal tickets, and special trains; including dynamic pricing.           The Indian Railway Board, vide Commercial Circular No 49 of 2018, dt. 10/09/2018 extended the facility of 5% discount till March 2019, for train tickets purchased at PRS counters through UPI channel.           Surprised!!           Yes, Railways offer 5% discount for tickets booked physically at its ticket issuing counters. These ticket issuing counters are spread all over India and still attract sizeable travellers.     

Reserve Bank of India has informed to the public at large, that it has imposed a monetary penalty of ₹ 2,00,000/- (₹ Two lakh only) on National Urban Co-operative Bank Ltd., Bahraich in exercise of powers vested in it. Reserve Bank of India had issued a show cause notice to the bank, in response to which the bank had not submitted its reply. After considering the facts of the case, the Reserve Bank came to the conclusion that the violation was substantiated and warranted imposition of penalty. One of the key attraction of Bahraich district is the Katarniya Ghat Wildlife Sancturay. Katarniya Ghat Wildlife Sancturay is part of the core area of Dudhwa Tiger reserve. The Dudhwa Tiger Reserve is a protected area in Uttar Pradesh that stretches mainly across the Lakhimpur Kheri and Bahraich districts and comprises the Dudhwa National Park, Kishanpur Wildlife Sanctuary and Katarniaghat Wildlife Sanctuary. It covers an area of 1,284.3 km2 (495.9 sq mi) and includ

          Institute for Development and Research in Banking Technology [IDRBT] based out of Hyderabad, is conducting a 5 day program on Banking Technologies.           The program starts on September 24, 2018 and ends on September 28, 2018.           The program is fully residential and Staff from any Departments of the Banks can attend.           This wide scope of the program will be immensely helpful for Banks to roll-out innovative Safe Digital Banking products in the future.           As mentioned in the program brochure: We cannot live in today's world without electronics, information and communication technology. Banking is not an exception. Today's banking operations are heavily dependent on technologies - starting from connectivity of branches to the data centers, ATMs, electronic payments, cheque clearing and many more things. Security requirements in electronic banking have opened the gate for new set of technologies, namely security techno

           ‘Merchant in a Box’ solution enables SMEs to make payments to over 3 million merchants in India and 40 million merchants globally using MasterCard business debit card.           The Key features of ‘Merchant in a Box’ are: Feature 01) Merchants can collect payments from their customers through Bharat QR. This payments reflects as Credits in the respective Bank Accounts Feature 02) Through the MasterCard Business Debit Card, merchants can digitally pay for their purchases from their suppliers. These purchases reflect as Debits in the respective Bank Accounts Feature 03) The ‘Merchant in a Box’ simultaneously takes care of the Credits and Debits in the merchants bank accounts. Read the full MasterCard Press Release here @ Mastercard and South Indian Bank Launch ‘Merchant in a Box’ Bundled Payments Solution for Merchants    South Indian Bank has a physical presence all over India through 857+ Branches, 56+ extension counters and also customers can

          Top Banking honchos will be visiting Hyderabad more often, specifically to attend programs at IDBRT.           In line with Reserve Bank of India guidelines for Banks Directors to be more aware of IT and Cyber Security issues, IDBRT has unveiled a number of programs aimed at Bank Directors.   Background : The Reserve Bank of India has recently emphasised the need to enhance the management's awareness in banks, of the IT and Cyber Security issues in a systematic and structured manner and advised that they undergo awareness /certification programmes in this area. Accordingly, the Institute for Development and Research In Banking Technology (IDRBT) announces twelve certification programmes from October to December 2018, as per the following schedule: Certification Programmes in IT & Cyber Security for Board Members OBJECTIVES The objective of this programme is to enlighten the participants with the knowledge of cyber defence. In turn,

          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the needed skill and knowledge to understand clients' needs