Napolian Niamat on LinkedIn: #hblart #meezanbank #albarakabank #faysalbank #banking #ubl #engro… (2024)

To know more such information about Banking follow Utkarsh CAMP.#utkarsh #idbiintech #banking #india

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ATM in 1960

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Retail banking has emerged as the primary source of revenue and the central hub for profitability within the banking industry. The accompanying figure illustrates the significant contribution of the retail segment, underscoring its importance. This shift is fueled by increased investments in technology, payments, risk management, and security infrastructure, as well as rapid product innovation facilitated by collaborations with fintech companies. Additionally, ongoing regulatory reforms are anticipated to drive further growth across the banking sector, leading to the development of organizations with strong brands, dynamic cultures, and enhanced financial performance.#retailbanking #bankingindustry #consumerbehavior #profit #faysalbank #soneribank #bahl #bankalhabib #ubl #netprofit #hbl #habibbank #bafl #bankalfalah #bankingindustry #growthcapital

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ICICI Bank most digital fake bank running fake manipal university banking course do not using proper manpower for self personal interest Srirang T K why you are as chief in bank so baddly handling one organisation for self interest

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Exciting News for India Fintech, as the introduction of credit options on UPI promises to significantly benefit the credit industry. HDFC Bank and ICICI Bank have unveiled a new credit feature for UPI users, a landmark announcement made at the Global Fintech Fest. This move by National Payments Corporation Of India (NPCI) will change the game of entire credit industry. #gamechanging #fintech #FinancialInclusion #newlaunch #CREDITonUPI

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Join me for an exclusive Fireside Chat with Meezan Bank's senior leadership as they share their remarkable success story and discuss the transformative power of partnerships. Don't miss this opportunity to gain valuable insights into the world of Islamic Banking and discover how collaboration can drive unprecedented growth. #SuccessStory #Partnerships #FiresideChat

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🚨 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 𝐢𝐧 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 🚨The Reserve Bank of India (RBI) has placed significant restrictions on Kotak Mahindra Bank due to deficiencies in its IT and risk management systems, halting new customer onboarding through digital channels and freezing new credit card issuances. This underscores the 𝐼𝑚𝑝𝑜𝑟𝑡𝑎𝑛𝑐𝑒 𝑜𝑓 𝑟𝑜𝑏𝑢𝑠𝑡 𝐼𝑇 𝑓𝑟𝑎𝑚𝑒𝑤𝑜𝑟𝑘𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑑𝑖𝑔𝑖𝑡𝑎𝑙 𝑓𝑖𝑛𝑎𝑛𝑐𝑒 𝑙𝑎𝑛𝑑𝑠𝑐𝑎𝑝𝑒. • 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗲𝘀 𝗮𝗻𝗱 𝘀𝘆𝘀𝘁𝗲𝗺 𝘃𝘂𝗹𝗻𝗲𝗿𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗶𝘀 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝗶𝗻 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 as the digital banking environment expands. This serves as a reminder of the challenges in our journey towards integrated digital finance solutions. Stay tuned for more insights and updates as the digital revolution in finance unfolds! 🌐📊 #Fintech #FinancialInnovation #DigitalBanking #OpenBanking #EmbeddedFinance #BNPL

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In the last 16 years, Private Banks improved market share by 13.3% in deposits and 17% in advances.Private banks staff increased from 100989 to 745612 or 7.4 times. They have more sales staff on ground to get businessPSU Banks staff position is almost flat. They have substaff which helps in branch maintenance. At the same time PSU deposits and advances grew 5 times while private banks business grew 10-12 times.PSU Banks score over operational profit parameters area due to lower staff position to their balance sheet. It is time for private banks to improve per staff business parameters#SBI #HDFCBank #ICICIBank #Axisbank #kotakbank #Profitability #business #markets #finance #money #india #RBI

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The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank, prohibiting it from acquiring new customers through its online and mobile banking channels and issuing new credit cards. However, the directive allows the bank to continue servicing its existing customer base, including credit card holders.The RBI identified significant deficiencies during IT examinations conducted in 2022 and 2023. Despite ongoing engagement, the bank repeatedly failed to adequately address concerns related to IT Risk and Information Security Governance, which are critical under regulatory guidelines, according to the RBI.RBI said these regulatory measures were deemed necessary to protect customers' interests and prevent potential severe disruptions that could impact the broader financial ecosystem, particularly in the digital banking and payment systems.RBI also noted that the bank's core banking system and online and digital channels had experienced multiple significant outages over the past two years, with the most recent disruption occurring on April 15, 2024, leading to considerable inconvenience for customers.#kotakmahindrabank #kotak #rbi #creditcard #customers #bank #Indianstartupnews

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## RBI Tightens Regulations for Financial Institutions in IndiaThe Reserve Bank of India (RBI) has been taking a more proactive approach to financial regulation recently, impacting both domestic and international players. Here's a quick breakdown:**Paytm Payments Bank Faces Restrictions*** In April 2024, the RBI restricted Paytm Payments Bank from accepting new deposits and conducting credit transactions. * Existing customers can still access funds, but most banking services are suspended.* The specific reasons remain undisclosed, but it highlights the RBI's focus on regulatory compliance.**International Banks Under Scrutiny*** International banks in India are facing increased scrutiny. * These banks have reportedly been asking some Indian high net-worth individuals (HNIs) to close accounts.* A key issue appears to be a clash between the RBI's Liberalised Remittance Scheme (LRS) and minimum balance requirements of these banks.* The LRS allows Indians to invest up to $250,000 abroad annually, while some banks require significantly higher minimum balances.* The RBI also restricts keeping funds idle abroad for more than 180 days, making it difficult for Indian customers to maintain large balances in these banks.**Common Thread: Regulatory Compliance & Consumer Protection**While the specifics differ, a common theme emerges: the RBI's commitment to regulatory compliance and consumer protection.* Paytm's restrictions could be linked to concerns about internal controls or KYC (Know Your Customer) compliance.* Scrutiny of international banks highlights potential inconsistencies with RBI regulations designed to manage foreign exchange and protect customer funds.**Impact and the Road Ahead**These actions send a strong message to all financial institutions in India. Strict adherence to regulations, robust IT security, and prioritizing customer protection are crucial. The RBI's heightened scrutiny is likely to continue as they strive for a stable and secure financial ecosystem for Indian consumers. **#RBI #FinancialRegulation #India #Paytm #InternationalBanks****What are your thoughts on the RBI's recent actions? Let's discuss in the comments!**