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United Bank of India - How Simple is projected as Complex

Banking is a very simple business. You lend money and you recover money. In and Out. That's it.

Insurance industry in 2014

With ex CMD of LIC joining as the IRDA chief and with greater focus on financial inclusion and innovations, this year promises to be quite interesting for insurance industry.

IRDA and FIU IND align AML processes

IRDA & FIU-IND has signed a Memorandum of Understanding (MoU) on cooperation as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laun

Ranbaxy - Compliance officer's worst nightmare

Read on to understand why compliance can be a big challenge especially in the pharma industry.

Shop at Big Bazaar and land up in a Timeshare presentation - A horrible shopping experience

I am not a regular shopper at the store, but went there while visiting a mall. So, here is a story on why I hated my recent trip to Big Bazaar. Shopping at big bazaar defies all business ethics.

Corporate Governance : Managing Diverse Expectations and achieving complete disclosures

Diverse Expectations While the fundamentals of corporate governance apply across all substantial public and private enterprises, demands and capabilities of stakeholders vary.

Training in the Banking Industry

Training in the Banking industry is always in demand. Listing below some topics that are usually required for trainings by Banks/ NBFC.

Fraud Risk Management 101

MAIN TYPE OF FRAUD THAT AFFECT COMPANIES

Basel III Updates - Implementation of Countercyclical Capital Buffer Framework in India

RBI releases Draft Report on Implementation of Countercyclical Capital Buffer Framework in India.

IRDA allows E Insurance Repositories

IRDA has now made it possible for insurers to offer dematerialized policies similar to other dematerialized financial products.

How trainings can add value to NBFC companies

An NBFC will view training as to how it adds to the employees' immediate ability to generate revenue or prevent losses . Given below are some recommendations on how to maximise training budgets.

Why Legal Compliance Audits matter

Often, companies undertake a very comprehensive internal audit of their processes and operations. But often, the legal, compliance aspects are ignored.

Yatra.com down for 2 days due to delay in domain renewal

SHRIRAM GOKTE) Newspapers reported that the travel web site Yatra.com was unavailable over the weekend from August 9th and came back on August 11th ( “Yatra.com’s inactive site impacts sales” The H

IRDA allows broker licenses to Banks – increased compliance risk for broker banks

IRDA has unveiled rules to allow Banks to act as Brokers rather than Corporate Agents subject to SBI approval.

LESSONS FROM $6 BILLION JP MORGAN LOSS

US authorities have charged two JP Morgan Chase traders with fraud in the $6 billion loss suffered by JP Morgan in what is known as the "London whale" case.

Reputation Risk- Why you should snap all dealings with Snapdeal

"Why reputation is damaged when customers are taken for a ride" It is the same story being repeated time and over again.

Risk Appetite and linkage to stress testing and capital planning

Risk appetite, stress testing, and capital planning are inextricably linked because it is difficult to address any of the three concepts individually without addressing the others.