scholarly journals Digital Revolution in the Indian Banking Sector

2020 ◽  
Vol 8 (1) ◽  
pp. 56-64
Author(s):  
J Shifa Fathima
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Indian Government ◽  
Digital Revolution ◽  
Settlement Systems ◽  
Secondary Sources ◽  
Competitive Edge ◽  
Reserve Bank ◽  
Customer Services ◽  
Reducing Costs

“Digital” is the new popular expression in all sectors. With other sector, banking is additionally all around the world moving towards digitalization. Banks all things considered and over all areas are making immense investments in digital activities so as to keep up a competitive edge and convey the greatest to its customers. Selection of digitalization is significant for the banking sector. By grasping digitalization, banks can provide upgraded customer services. This provides accommodation to customers and aides in sparing time. Digitalization has transformed manual processes, transactions and exercises into digital services. Over all verticals, buyer needs have been met in entirely imaginative manners, upsetting existing enterprise esteem chains. Digitalization reduces human blunder and in this manner constructs customer unwaveringness. Today, individuals have nonstop access to banks due to online banking. Managing a lot of cash has additionally become simpler. Digitalization has additionally profited customers by encouraging cashless transactions. Customers need not store cash any longer and can make transactions at wherever and time. A few commercial banks began moving towards digital customer services to stay competitive and relevant in the race. Banks have profited in a few different ways by receiving more current innovations. E-banking has brought about reducing costs definitely and has created revenue through different channels. Commercial Banks in India have moved towards innovation by method for Bank Mechanization and Automation with the prologue to MICR based check processing, Electronic Funds transfer, Inter-availability among bank Branches and implementation of ATM (Automated Teller Machine) Channel have brought about the accommodation of Anytime banking. Solid activities are taken by the Reserve Bank of India for reinforces the Payment and Settlement systems in the banks. Indian government, banks, fintech companies have been advancing and changing the manner in which India spends its money. Simultaneously digital revolution additionally raises new challenges to the solidness and the uprightness of the financial system and the protection of buyers. Hence, the present study has been done on the digital revolution in the Indian Banking sector and the study based on the secondary sources of data.

scholarly journals Risk management in conventional and Islamic banks in Palestine: A comparative analysis

2021 ◽  
Vol 16 (2) ◽  
pp. 182-189
Author(s):  
Othman Sawafta
Keyword(s):  
Risk Management ◽  
Credit Risk ◽  
Commercial Banks ◽  
Banking Sector ◽  
Probability Distributions ◽  
Research Question ◽  
Islamic Banks ◽  
Management Skills ◽  
Operational Systems ◽  
Customer Services

The aim of the study is to compare credit risk between commercial and Islamic banks in Palestine. The study uses five commercial banks and two Islamic banks, so the Merton model is used to test the hypothesis regarding the research question. Also, cumulative logistic probability distributions are used to derive the probability of default from distance to default. The findings show that commercial banks encompass less credit risk than Islamic banks. Thus, the study recommends that financial institutions in Palestine master management skills and operational systems to cope with the financial environment. They need to increase research and training programs in risk management. Besides, there is a need to reduce lending to public sector (government). There is also a need for a focus on mergers, especially for smaller banks, to increase their capital, so that there are banking units that can compete in providing better customer services and contributing to the stability of the banking sector. AcknowledgmentThe author is thankful to Palestine Technical University – Kadoorie for funding this research.

scholarly journals Implications of Retrenchment in the Banking Industry for Economic Growth: A Study of Selected Commercial Banks in Uyo, Nigeria

2017 ◽  
Vol 15 (2) ◽  
Author(s):  
Ubong Nnana Umanah ◽  
Aniefiok S. Ukommi ◽  
Ambrose Osita Agwu
Keyword(s):  
Economic Growth ◽  
Commercial Banks ◽  
Banking Sector ◽  
Banking Industry ◽  
Banking System ◽  
Negative Effects ◽  
Secondary Sources ◽  
Banking Reforms

The study identifies and analyses the sociological implications of workers’ retrenchment in the banking industry on Nigeria’s economic growth using selected commercial banks in Uyo as reference. The paper argues that banking reforms in terms of rationalization, capitalization and merger have negative effects on economic growth (rather than enhancing the development) of any country. Data were gathered from selected commercial banks in Uyo, Akwa Ibom State of Nigeria through the use of questionnaires and from secondary sources such as statistical publications and other relevant materials. Findings show that retrenchment of workers in the banking industry instead of promoting growth resulted in loss of depositors’ confidence in the banking sector which also brought about loss of funds in the banking system and therefore stunt economic growth. The study recommends that training and retraining of workers should be given priority attention in the industry to improve their capacity for new demands.

scholarly journals Assessment of CSR Practices in Nepalese Commercial Banks (A Comparative Study of RBBL, SCBL & NABIL)

2019 ◽  
Vol 22 (2) ◽  
pp. 11-20
Author(s):  
Kapil Khanal
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Banking Sector ◽  
Secondary Data ◽  
Commercial Banking ◽  
Annual Reports ◽  
Primary Data ◽  
Secondary Source ◽  
Secondary Sources ◽  
Questionnaire Method

 Objective: To assess the corporate social responsibility practices in Nepalese commercial banking sector. Methods and Materials: Primary and secondary sources of data were used in the study. The primary data were collected through direct questionnaire method from 60 employees of sampled commercial banks. The secondary source was through journals, textbooks and annual reports of Nepal Rastra Bank. SPSS and Microsoft excel were used to analyze the collected data. The value of Cronbach’s Alpha (α) of overall questionnaire is 0.92, which suggests the reliability of primary data. Descriptive and explorative research designs were used to analyze the primary and secondary data. Results and Conclusion: Responses from all the respondents of commercial banks regarding CSR and Non-Financial Performance clearly imply that CSR has an influence on the Non-Financial Performance. In terms of ‘R2’, CSR impacts both Brand Image and Brand Awareness (i.e. 0.987). This clearly indicates that more than 98.7% variance of both non-financial performances has been explained by CSR. In terms of ‘R2’, CSR impacts less in financial performance (i.e. 0.149). This clearly indicates that only than 14.9% variance of financial performance has been explained by CSR.

scholarly journals NPAs in Indian Scheduled Commercial Banks: Origination and Impact on Economy

2019 ◽  
Vol 8 (2S6) ◽  
pp. 538-541
Keyword(s):  
Banking Sector ◽  
Global Financial Crisis ◽  
Capital Adequacy ◽  
Credit System ◽  
Secondary Sources ◽  
Root Cause ◽  
Reserve Bank ◽  
Capital Adequacy Ratio ◽  
Financial Soundness ◽  
The Government

Mounting non-performing assets (NPAs) in the Indian banking sector has been drawing the attention of policymakers, economists, academicians, and other stakeholders. More particularly, during the last ten years, the rise in NPAs of banks has sent the alarming bell both to the Reserve Bank of India and the Government. Per a few studies, one of the root cause for the huge and gigantic rise in NPAs is the 2008 global financial crisis besides lending to Priority sector. The necessity of provisions and high funding costs has also caused an increase in NPAs while bringing down the profitability of banks. Hence, the consequent impact of NPA includes poor recycling of funds due to the weak deployment of credit which potentially could thwart the financial soundness of the credit system. Higher NPAs not only shakes the confidence of investors, depositors, lenders, etc., but also imperil liquidity, solvency position, profitability, capital adequacy ratio, and so on. A few measures that are required for management of NPAs like the establishment of monitoring department, reformulation of banks’ credit appraisal techniques, among others. The paper examines the trends of NPAs and the factors responsible for mounting NPAs in the banking sector from non-identical aspects. The use of secondary sources of data from authentic websites of RBI, Finance Ministry, and Banks has been made.

scholarly journals An Empirical Study on the Big Consolidations of Indian Banking Industry

2019 ◽  
Vol 7 (3) ◽  
pp. 102-108
Author(s):  
T P Ram Prasad ◽  
T T Karthik
Keyword(s):  
Empirical Study ◽  
Banking Sector ◽  
Banking Industry ◽  
Level Structure ◽  
Secondary Sources ◽  
Reserve Bank ◽  
The Government ◽  
Reserve Bank Of India

India declared a broad consolidation of state-claimed banks that will see 10 of them being merged to frame four greater moneylenders to reinforce a sector battling with a terrible advance cleanup and planned for making loan specialists of worldwide scale that can bolster the economy’s flood to $5 trillion by 2024. The government additionally reported administration changes to improve their wellbeing. This was the most recent in a progression of announcements by the government since a week ago as it looks to animate demand and resuscitate the economy. In a different announcement, the government said development had dropped to a six-year low in the quarter to June. The most recent consolidation move will slice the quantity of state-claimed loan specialists to 12 from 27 of every 2017, Sitharaman stated, featuring the banking changes embraced by the Narenda Modi government that have likewise included noteworthy cleaning up of asset reports. This isn’t the first occasion when that the possibility of merging state-claimed banks has picked up momentum. In his way breaking 1991 report on banking sector changes, M. Narasimham, a former Reserve Bank of India senator, had recommended mergers to shape a three-level structure with three enormous banks with international nearness at the best, eight to 10 national banks at level two, and countless provincial and nearby banks at the base. Afterward, the P.J. Nayak Committee had additionally recommended that state-run banks ought to either be merged or privatize. To be sure, as per Indian Banking Association information, there have been in any event 49 mergers since 1985. Hence, the present study has been focused to highlight the brief of top vital consolidation on Indian Banking sector and study based on secondary sources of data.

scholarly journals UPI Challenges and Direction in Fund Management with Special Reference Banking Sector

2021 ◽  
Vol 9 (12) ◽  
pp. 1588-1593
Author(s):  
S.V. Muralidhara
Keyword(s):  
Mobile Phone ◽  
Special Reference ◽  
Banking Sector ◽  
Payment System ◽  
Fund Management ◽  
Indian Government ◽  
Reserve Bank ◽  
The Government ◽  
Digital Transactions ◽  
Reserve Bank Of India

Abstract: After demonetization, there was a massive requirement for currency notes, but the government was unable to provide the required quantity of currency notes, and also Indian government wanted to promote cashless transactions. UPI is built over Immediate Payment Service (IMPS) for transferring funds using Virtual Payment Address (a unique ID provided by the bank). Unified Payments Interface is a payment system launched by (NPCI), which is National Payments Corporation of India, and is regulated by the (RBI) Reserve Bank of India, which provides the facility of instant fund transfer between two bank accounts online through payment apps. Digital transactions by UPI have been made very easy. The UPI service is available 24X7, and it is not like RTGS and NEFT, which do not work on holidays and non-banking hours. This will bring tremendous efficiency to the system and help India become a cashless economy. Keywords: Digital illiteracy, Online payments, cashless economy UPI, Mobile phone, digital payment mode

scholarly journals Assessment of CSR Practices in Nepalese Commercial Banks (A Comparative Study of RBBL, SCBL & NABIL)

2019 ◽  
Vol 22 (1) ◽  
pp. 11-20
Author(s):  
Kapil Khanal
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Banking Sector ◽  
Secondary Data ◽  
Commercial Banking ◽  
Annual Reports ◽  
Primary Data ◽  
Secondary Source ◽  
Secondary Sources ◽  
Questionnaire Method

 Objective: To assess the corporate social responsibility practices in Nepalese commercial banking sector. Methods and Materials: Primary and secondary sources of data were used in the study. The primary data were collected through direct questionnaire method from 60 employees of sampled commercial banks. The secondary source was through journals, textbooks and annual reports of Nepal Rastra Bank. SPSS and Microsoft excel were used to analyze the collected data. The value of Cronbach’s Alpha (α) of overall questionnaire is 0.92, which suggests the reliability of primary data. Descriptive and explorative research designs were used to analyze the primary and secondary data. Results and Conclusion: Responses from all the respondents of commercial banks regarding CSR and Non-Financial Performance clearly imply that CSR has an influence on the Non-Financial Performance. In terms of ‘R2’, CSR impacts both Brand Image and Brand Awareness (i.e. 0.987). This clearly indicates that more than 98.7% variance of both non-financial performances has been explained by CSR. In terms of ‘R2’, CSR impacts less in financial performance (i.e. 0.149). This clearly indicates that only than 14.9% variance of financial performance has been explained by CSR.

scholarly journals Effectivness of the Adoption of the XBRL Standard in the Indian Banking Sector

2019 ◽  
Vol 8 (1) ◽  
pp. 39-52
Author(s):  
Purnendu Kumar ◽  
S. Sujeesh Kumar ◽  
Archana Dilip
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Statistical Data ◽  
Reporting System ◽  
Data Submission ◽  
Reserve Bank ◽  
Overall Efficiency ◽  
Overall Effectiveness ◽  
Reserve Bank Of India

Abstract The XBRL standard was adopted by the Reserve Bank of India (RBI) in the year 2008 as a standard by which the banks that are regulated by the RBI submit regulatory, prudential, supervisory, and other statistical data. This study focuses on estimating the effectiveness of the adoption of the XBRL standard in the Indian banking sector. The effectiveness has been studied on the basis of the responses received on the survey conducted targeting the commercial banks of India. Two important factors, namely, ‘Effectiveness of the XBRL Data Submission’ and ‘Savings of Time and Cost’ have been considered mainly for the study. The study revealed that the overall efficiency of the reporting system in the Indian banking sector has increased to a great extent with the adoption of the XBRL standard. Although the overall effectiveness of XBRL adoption has been found to be satisfactory, there is always room for further enhancement of the system in order to achieve complete effectiveness.

scholarly journals Technology Adoption by Commercial Banks as an Aid in Financial Inclusion

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
Dr. Meenakumari Koppisetty
Keyword(s):  
Technology Adoption ◽  
Financial Services ◽  
Commercial Banks ◽  
Financial Inclusion ◽  
Policy Makers ◽  
Demand And Supply ◽  
Direct Benefit ◽  
Settlement Systems ◽  
Reserve Bank ◽  
The Relationship

Financial inclusion is considered to be an important tool for inclusive growth and poverty alleviation. It involves delivery of financial services at affordable cost to poor and marginalized sections of the society. Access to financial services such as bank facilities, credit and insurance at affordable rates is important to improve their general living conditions as it provides an opportunity for saving and investment. Many studies have showcased the relationship between financial inclusion and equitable development. Government of India and Reserve Bank of India adopted bank led approach and promoted several measures through the medium of commercial banks such as the opening of ‘no-frill’ bank accounts, simplifying bank account opening procedures, use ofintermediaries such as Business Correspondents or Facilitators, relaxation of branch licensing policy, direct benefit transfer, mobile banking, etc. However, several demand and supply side impediments still exist.Technology came to be viewed as a solution not only to extend banking facilities to the unbanked, but also to reduce the transaction cost for banks and make financial inclusion a viable proposition. Technology in respect of payment and settlement systems, delivery of financial services, goes a long way in promoting financial inclusion. The study makes an attempt to examine the need for and the importance of technology adoption by banks and the effectiveness of various technology related products. The study hopefully serves to direct the attention of the policy makers to the need to devise and deliver appropriate financial products leveraging technology, promote awareness, address safety concerns, achieve wider application for more inclusiveness.

scholarly journals Impact of Right Share Issue on Share Price of Commercial Banks in Nepal

2021 ◽  
Vol 4 (i) ◽  
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Price Change ◽  
Share Price ◽  
Coefficient Of Determination ◽  
Price Movement ◽  
Relative Index ◽  
Share Prices ◽  
Secondary Sources ◽  
Strategic Plans

This study has examined the effect of issue of right share on share price movement in the banking sector using share price and price relative as the predictors of share price movement. Banking sub-index and index relative of different periods were used for analysis. Five different periods of time were selected to observe the share price movement considering the announcement date as the reference point of time. Based on the secondary sources of data, a correctional analysis was administered to examine whether the share price and price relative (banking index) has any relationship with the share price change in case of Nepalese commercial banks. Coefficient of determination and probable error were used to find how much percentage of the variation in the share price could be explained by the occurrence of right share issue and likewise, whether or not the relationship was significant. The results reveal that right share announcements have the signaling effect on share price movement. The share prices and banking indices of selected banks have decreased after the announcement of right share. The results suggest that the information irregularity behavior tempts a negative change in share price after the announcement of rights share. The implication of the results is that investors can forestall the nature of change in share price after rights issue announcement and develop strategic plans to expand the trading activity. Keywords: NCC Bank., Right announcement, Right share issue, Price relative, Index relative.

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