The Regional Rural Banks (RRBs) were established in India in 1975 with the objective of developing its rural economy through inclusive banking services. RRBs are jointly owned by the Government of India (GoI), the respective state government and a sponsor bank with the intention to elevate and empower the population under their governance. When the… Continue reading The Significance of Regional Rural Banks in India
Tag: finance
Introducing Supply Chain Finance
Supply Chain Finance (SCF) is a technology solution that lowers financing costs for buyers and sellers. It tracks invoice approval and settlement and automates transactions to improve the efficiency of all the parties involved in a sales transaction. The supply chain financing market is expected to reach a CAGR of 17.1% by 2024. According to Mckinsey reports,… Continue reading Introducing Supply Chain Finance
7 Types of Risk Management You Must Know About
The COVID-19 pandemic has caused major disruptions in banking operations. Consumers have become more demanding and so, risk management must be robust. According to leading banking professionals participating in the Deloitte Banking Risk & Regulatory Academy, financial institutions must focus more on credit risk management. The banking structure must restructure and be prepared for forbearance.… Continue reading 7 Types of Risk Management You Must Know About