Finance Articles

Finance articles section focuses on various concepts of finance like budget, stock market and economics of various products & services. Apart from these articles on global financial institutions, different banking systems and topics of international importance in the field of finance are present.



Corporate Treasury- Managing Business Funds 13 May 2018

Organisations fuel upon money. Yes! Just like your car needs petrol to run, companies need money to run. And if the company is a Financial Institution, then the raw material for the company is also money. Therefore, there is always a demand for money. To cater to such a requirement, most of the organisations create a division called as treasury that takes care of both the incoming as well as outgoing money. The incoming money comprises of any receivables and the outgoing money may comprise of any payables or expenses.

 

Decoding GST in India- Merits & Demerits 20 March 2018

The implementation of the Goods and Services Tax (GST) has been seen as a revolutionary reform of the taxation system in India. The GST is a comprehensive and destination-based consumption tax levied at multiple stages of value addition in the supply chain of the products and services. It came into effect from 1st July, 2017 and aims to enforce a unified taxation system in the country. The two key advantages associated with GST are the reduction in the cascading effect of the taxes and the plausible reduction in the taxes through the provision of input tax credit. The ‘Cascading effect of Taxes’ is the scenario of sequential increase in the price of a commodity due to the payment of tax on tax at each stage of product life cycle.

 

India's NPA Challenge & Recapitalisation 17 February 2018

NPAs or the Non Performing Assets are the loans given out by banks which have turned bad, that is, the borrowers have stopped repaying, either the interest rate or the principal amount & chances for whose recovery are quite low. India’s NPAs have skyrocketed from 53,476 Crores in 2008 to over 9 Lakh Crores by 2017, a colossal 9.3% of the total advances given out by the banks.

 

Bitcoin- Challenging the Financial System 06 January 2018

Bitcoin is the most speculative and most riskier investment. Nobody knows where it comes from, who created it and definitely where it is going? But still people are drawn towards it from every corner of the world. Bitcoins have exposed the system in new ways. According to statista.com, ransomware attacks have increased 167 times the previous year. Computer attacks were prevalent during the older times also when internet first came into picture, with government finally adjusting themselves to the cut-throat technology and even end up making laws to provide cyber security.

 

Bitcoin Boom: The Next Bubble? 15 December 2017

First it was the tulips, then the dotcom, followed by the housing market. Now, the recent meteoric rise in Bitcoin prices have prompted wall street experts to think: Is Bitcoin boom the next bubble?

A brief background

Bitcoin is a cryptocurrency which came into being in 2009. Created by the yet unidentified Satoshi Nakomoto, it is based on the ideas put forth in a white paper created by him. The interesting fact is that Bitcoins have no physical existence. They merely exist as balances in a public ledger strewn worldwide over a cloud based system. It is open-source and not owned by any central authority.

 

The Open Banking Revolution - API Driven Approach 26 November 2017

Technology has already redefined how we bank – from mobile apps to AI that analyzes our voices to help us access our bank accounts, from Core Banking systems to Robotic Banking Assistants. We now stand at the threshold of a future where banking will transmigrate from an individualistic phenomenon to one where the entire ecosystem gets integrated to provide more efficient services to society. Open Banking is essentially a financial revolution that will be driven by customers’ demand for more seamless services, more robust regulatory mandates, the increasing encroachment into the financial sphere by “Fintech” start-ups, and the power of Big Data Analytics.

 

Consolidation in Indian Banking Sector 03 September 2017

The establishment of the Bank of Bengal in Calcutta in 1786 marked the inception of the commercial banking institutions in India. Over the period of time, numerous reforms were introduced in the banking sector towards building a robust financial system in the nation. The economic reforms of early 1990s helped in the diversification of the economy and strengthening of the operational banking infrastructure. It also enabled competitive financial scenario with the entry of new private sector banks such as HDFC Bank, ICICI Bank, UTI Bank and IDBI Bank. Since then, the banking sector in India has witnessed tremendous growth over the years.