How does Blockchain Technology work and how it is evolving in India Blockchain is an advancement of overall Technology from centralised system to progressively distributed structure. The real necessity for Blockchain rises when buyer are dispersed and the ecosystem is to be worked with trust and affiliation. Financial related organizations, where there is a need … Read More →
The Reserve Bank of India has advised non-bank lenders to adjust to the current state of liquidity even as the sector lobbies for bank loans at easier terms for lending to the small and medium enterprises sector which is known for creating jobs. RBI Governor Shaktikanta Das held discussions with leaders from the NBFC sector … Read More →
Those with an annual salary of up to Rs. 5 lakh will not have to pay income tax, Union Minister Piyush Goyal said while presenting the interim budget in parliament today, after making a series of big announcements ahead of the national election, due by May. The minister also announced the widely-anticipated scheme for farmers … Read More →
The liquidity problem among NBFCs is expected to continue for some time and there could be one or two major shocks in the financial services sector in the coming months, Ajay Piramal, chairman, Piramal Enterprises Ltd. (PEL), said on Monday. “One should be ready for one or two major shocks in the financial services sector … Read More →
The combination of artificial intelligence (AI) and blockchain is transforming various industries by implementing new applications. AI is driving computers by complex computational tasks with autonomy. The blockchain is enabling groups of computers to connect together resources to perform heavy computational tasks. The combination of these two technologies is able to eliminate shortcomings and transforms … Read More →
Industry leaders gathered at India’s largest industrial automation event ‘Rockwell Automation on the Move’ 2019 (RAOTM) conference emphasized on the need for a major shift towards Industry 4.0 technologies if India aims to triple its combined factory output in gross value added (GVA) terms to $1 trillion by 2025. Noting that the ambitious target needs … Read More →
About a third of the funds borrowed by Indians reach them through para banks, which reach the hinterland or the marginal customer where formal commercial banking hasn’t. This ability to bring formal finance to the doorstep of the unbanked has driven the growth at nonbanking finance companies (NBFC), but 2019 could well alter the operating … Read More →
In a bid to increase credit limit to the housing developers and ensuring timely delivery of inventories to the home buyers Indian real estate developers have demanded hike in finance limit of the Non-Banking Financial Companies (NBFC). They said it would help developers to restart the stuck realty projects and deliver the units by end … Read More →
2018 was a blowout year for Non-Banking Finance Companies (NBFC) on all counts. NBFCs, though not all of them, paid a heavy price for spreading their cheese too thin. In their bid to step into the space vacated by capital-constrained Public Sector Banks (PSBs), NBFCs went on reckless credit expansion, without taking into account the … Read More →
Earlier this week, the Direct Selling Self-Regulatory Council (DS-SRC) opened its doors for business. Its objective is to provide independent, impartial, and comprehensive monitoring of direct selling companies on an industry-wide basis, address income misrepresentations (including unsubstantiated lifestyle claims) and false product claims by companies and salesforce members and enhance the reputation of direct selling. … Read More →