innovationinbanking

  IIBF – ‘Digital Banking’ – Self Paced eLearning Course             Bank professionals in India now have an opportunity to complete the ‘Digital Banking’ –eLearning Course and on successful completion receive a certificate from IIBF. Course Name – Certificate Course in Digital Banking   Course Objective - To provide practicing bankers and finance professionals a sound foundation in the digital banking products such as Cards, ATMs, Mobile and Internet Banking and PoS. Mode of Delivery –E-Learning Mode   Exam Fees – INR1,200 for IIBF Members. INR1,700 for Non-IIBF Members Exam mode – 01) 3 MCQs at the end of each Unit. 02) 100 MCQs at the completion of all Units. Exam syllabus – a. Introduction b. Need for Digital Banking Products c. Customer Education for Digital Banking Products CARDS a. Overview and brief history b. Various types of cards c. Product features EMV technology a. New Technologies – Tap and Go, NFC, etc. b. Approval Processes

  IIBF & IDRBT Scheme for Research Fellowship in “Banking Technology”: 2021           This Research Fellowship is a joint in Joint initiative of IIBF & IDRBT The best part of this Fellowship that the entries are not restricted to Banks only. Entries are welcome from Fin-Tech Companies/ corporates /research organizations/institutions having a proven track record, are eligible to apply.           Yes, FinTech companies too can apply for a shot at the Research Fellowship. This is a golden opportunity to showcase cutting edge ideas in Banking Technology to the crème de la crème of Indian Banking professionals.           This is a time bound program, with the final report to include key action points for policy makers to implement the project. This increase the chances for the selected team to see their recommendations go live quickly. Objective: The research fellowship in Banking Technology aims to sponsor technically and economically feasible research projects which h

    State Bank of India - Recruitment of Junior Associates. Please activate UPI as a fees payment option         Feeling Sad -   #UPI is not a fees payment option         State Bank of India, Human Resources Department, announced the recruitment program for Junior Associates.         The window for Online Registration and Fees Payment is open from April 27 th , 2021 to May 17 th , 2021.           The openings are in the States/UT   of Gujarat, Karnataka, Madhya Pradesh, Chattisgarh, West Bengal, A&N Islands, Sikkim, Odisha, Jammu & Kashmir, Ladakh,   Himachal Pradesh, Chandigarh, Punjab, Tamil Nadu, Pondicherry, Delhi, Uttarakhand, Haryana, Telangana, Rajasthan, Kerala, Lakshwadeep, Uttar Pradesh, Maharashtra, Goa, Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura.         The processing fees for the whole program is as under: APPLICATION FEE AND INTIMATION CHARGE: (Non-Refundable) Sl. Category Fee/ intimation Charges 1. SC/ ST/ PWD/ XS/D

            This article caught my attention Operation cover-up: Khaki will ensure there are masks on face @ https://bangaloremirror.indiatimes.com/bangalore/cover-story/operation-cover-up-khaki-will-ensure-there-are-masks-on-faces-marshal-law-in-bengaluru/articleshow/78522464.cms           BBMP Marshals in Bengaluru are being provided with POS Machines to collect the Not Wearing Mask fine via digital modes.           This was necessary as the main excuse for not able to pay the fine on the spot, “Holding only cards, No cash”           As the numbers of folks coming up with the above excuse was increasing day by day, BBMP officials had no choice but to provide POS Machines to BBMP Marshals and other personnel to collect the imposed fine on the spot.           The above scenario is common across India. Nowadays, many local municipal authorities are levying fines for Not Wearing Mask.           Railways too have started to levy fines on passengers not wearing masks. Read this

             There are two scenarios in an IPO (Initial Public Offering) when the company needs to refund monies to the investors Scenario 01) Non receipt of minimum subscription An IPO is termed as undersubscribed when the demand is underwhelming, that is when the number of shares supplied by the company is higher than the demand. An IPO is said to be undersubscribed when it receives applications for less than 90%, of the total issuance. In such cases, the share application monies have to be refunded to the investors. Scenario 02) The share issue issuer fails to obtain listing or trading permission from the stock exchanges where the specified securities were to be listed. This is the rarest of the rare case, but SEBI to protect the investors' investments, has guidelines for such a scenario too. The timelines for refund as per the relevant Guidelines are : Scenario 01 – within 15 days from the closure date   Scenario 02) - within “seven days” of receipt of intimati

                       Reserve Bank of India vide Press Release informed all stakeholders regarding RTGS shut down for 14 hours on from 00.00 Hrs to 14.00 Hrs. on Sunday, April 18, 2021           The shutdown is for technical upgrade of RTGS system, especially from the viewpoint of Disaster Management.             During this RTGS shutdown time, NEFT will function as usual and there will be no impact on NEFT transactions.           Customers can continue to send and received monies through the NEFT channel. Almost all the banks offering RTGS also offer NEFT. In majority of the use cases, the same IFS Code is valid for NEFT and RTGS transactions.           Hence, there will be minimal disruption on businesses during the 14-hour shutdown time.           The only impact may be on     pre-scheduled RTGS Transactions. Such transactions will be very few in numbers.             Reserve Bank of India opened the 24*7, 365 days a week RTGS window from 15 th December 2020. Since th

             What is common between the following Gated communities and other gated communities in the pipeline.           There is one unique binding factor which is an ice-breaker amongst community members.           This binding factor is capable of long winding talks over a cup of chai/coffee/snacks. Adarsh Palm Retreat. Bellandur, Bangalore. Brigade Cosmopolis, Whitefield, Bangalore. Brigade Lakefront, Whitefield, Bangalore. Brigade Meadows, Kanakpura, Bangalore. Divyasree Republic of whitefield, whitefield, Bangalore - GM Infinite, Electronic City, Bangalore. Godrej Ecity, Electronic City, Bangalore. Godrej Eternity, Kanakpura Road, Bangalore. Prestige Lakeside, Kanakpura Road, Bangalore. Prestige Shantiniketan, Whitefield, Bangalore Prestige Sunrise Park, Electronic City, Bangalore. Provident Sunworth, Kengeri, Bangalore. Purva Fountain Square, Varthur Road, Bangalore. Ramky One North, Yelahanka, Bangalore. SNN Raj Etternia, Silver Country Road

           To encourage folks across India to experience the Joy of Safe Digital Banking Transactions, Airtel Payments Bank has unveiled ‘Airtel Rewards123 Banking Account’.         The Airtel Rewards123 Banking Account, is a subscription-based digital banking account, to encourage account holders to do all their banking transactions digitally only.         Existing account holders viz ‘Bharosa Savings Account’ can upgrade to ‘Airtel Rewards123’, Savings Bank Account via the Airtel Thanks APP.         The Rewards program is a unique feature to attract customers to         Visible drawback - the insurance of free accident cover of INR5,00,000/ - offered in ‘Bharosa Savings Account’ account is withdrawn on migration from ‘Bharosa Savings Account’ to ‘Airtel Rewards123’,. This is a major pain point, hopefully account holders’ feedback, will encourage Airtel Payments Bank product team to revisit this glitch. Monetary Rewards linked to Airtel Rewards123 Banking Account: Annual