innovationinbanking

         Request Neeraj Vetkar, Vikram Dasu, Arindam Nag, and Samardeep Subandh to run small capsule programs for the Billing Staff on the Joy of Safe ePayments                 DMart logs around 1,00,000  footfalls on weekdays across its 132 Stores spread across Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR and Chhattisgarh. On holidays the numbers go up by 75%.          It has multiple stores in cities such as Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat etc. The stores open at 10 am and customer can continue shopping till 10 pm i.e the closing time.          The chief attractors of DMart stores are : 01)                 ...

          The central theme of the Bi-Annual Bangalore Lalbagh Flower Show has been announced. Every Lalbagh Flower Show has a theme around which various installations are planned.           Normally, the themes revolve around well-known buildings. Replicas of famous buildings are made of Natural Flowers which attract lacs of visitors to the Bi-Annual flower shows. The Bi-annual Lalbagh Flower Show happens every Republic Day and Independence Day. The Flower Shows last for 10-12 days with 2 Sundays included. The first Lalbagh Flower Show was held in 1912 and since then the same have been held every six months.           The organiser’s brain-storm at length to surprise the visitors with eye catching flower installations. Meticulous planning ensures that the visitors savour the installations at leisure and do not over-crowd any sect...

              The GST Go-Live in India on 1 st July, 2017 has led to major structural changes in the functioning of business entities in India.               One of the focus areas of GST is to reduce the friction associated with payment of Taxes to the Government.               The less the friction, the quicker Government gets money into its kitty. As payment of taxis is mandatory for the eligible assesses, they will somehow pay at the last moment too. The advantage of payment of taxes prior to the due date is the availability of funds in the government accounts quickly and also minimise the strain on the system. It is observed that bunching payments on the last date, leads to strain on the system, which in turns increases the stress levels.      ...

          The core belief of Shriram Group revolves around this Mahatma Gandhi Saying: “Create a company that creates wealth for society and employment, and run it like a trustee—you are just in charge to create the wealth, not own it”.           Mandatory Reading Material to understand Shriram Group Philosophy - The Socialist Moneylender           Shriram Transport holds a leadership position in commercial vehicle financing, while Shriram City Union offers small loans to a large base of customers across micro, small and medium enterprises in rural and semi-rural areas.  These are new sunrise areas for Safe Digital Transactions in our country. The following gains will be visible once the system integration kicks-off. Gain No 01) All Shriram Group customers will be encouraged to open Bank accounts with the new entity. ...

This one feature of GST - "The new tax will require firms to upload their invoices every month to a portal that will match them with those of their suppliers or vendors" -, is enough to trigger a tectonic shift in : ·        Receivable Financing ·        Bills Discounting (Key word Search BILL) ·        Inventory Financing . Commonly known as Dealer Financing in India ·        Working capital financing All the above have a common aim, to provide access to Sellers or Buyers access to funds at a reasonable rate of interest.  A large number of participants operate in the market to enable Sellers/Buyers to get the best deals. The discovery mechanism for capital safety is a mix of market intelligence and Statement of Accounts.      In spite of best efforts financing institutions had to face: §   Defaults §   ...