Data Mining… Most of us are familiar with this term. Personally I have over 9 terabytes of data and knowledge repositories. But how often do I actually use them and do I use them to better my existing performance.
Food for thought.
We often wish that we could hold accounts in the currency of our choosing. The good news is we are getting there. India in now convertible on current account, while we are partially convertible on capital account. More in later posts on current
E-business may take the business world by storm, but cheque based transactions are still a favourite choice for many businesses today. However, doing business with cheques involves writing, depositing, collecting, posting, recording in the system,
Reconciling your Bank account with your own books of account is a weekly, if not a daily activity for most businesses. The need is obvious; control of finances, and getting the most up-to-date information about your funds. There will always be
2nd September 2011
Interbank Mobile Payment Service (IMPS)was launded for the public on 22nd November 2010 .
IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use
Have you wondered what happens to ATM’s cash supply when the entire banking industry is paralyzed by strikes (which plague us quite often.)?
RBI recognizing this as a major issue has issued guidelines to banks on the following
Inward remittances in foreign currency.
By and large, inward remittances are permitted without any restrictions. However, certain remittances towards capital account are regulated i.e. External commercial borrowing and inward remittance towards
We go to a bank to deposit and withdraw money, to transfer funds and perform financial transactions.
Who do banks go to?
Yes of course, the Central Bank of the country , in our case The Reserve Bank of India.
Now who is the
We are all aware what an ATM is . Any time money… not really, you do need to have a balance in your account. ATM stands for Automated Teller Machines.
So what is White label ATM?
These are ATM’s which are not owned by banks but
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