Deposit Insurance and Credit Guarantee Corporation (DICGC) – A subsidiary of RBI : A Detailed Overview

Click here for FIXED DEPOSIT CALCULATOR 1. Introduction: The Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of the Reserve Bank of India (RBI) and serves as the primary entity responsible for providing deposit insurance to depositors in Indian banks. Established in 1978, DICGC plays a crucial role in safeguarding the interests of […]

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) is an apex organization in India that plays a crucial role in the country’s digital payments landscape. Established in 2008 as a not-for-profit company under Section 25 of the Companies Act, NPCI is owned by a consortium of major banks and is tasked with providing robust and efficient payment […]

Major Banks of the World

1. Industrial and Commercial Bank of China (ICBC): 2. China Construction Bank (CCB): 3. Bank of China (BOC): 4. Mitsubishi UFJ Financial Group (MUFG): 5. Bank of America: 6. JPMorgan Chase & Co.: 7. HSBC Holdings plc: 8. BNP Paribas: 9. Wells Fargo & Co.: 10. Royal Bank of Canada (RBC): 11. Citigroup Inc.: 12. […]

Visa, MasterCard, and RuPay: A Comprehensive Overview of Payment Card Networks

How RuPay can take on VISA & MasterCard in the Future? In the dynamic landscape of electronic transactions and digital finance, payment card networks play a pivotal role in facilitating seamless and secure monetary exchanges. Three prominent players in this realm are Visa, MasterCard, and RuPay. Each of these networks has its own unique characteristics, […]

Why should you invest in Fixed Deposit?

Investing in Fixed Deposits (FDs) can be a suitable option for certain investors depending on their financial goals, risk tolerance, and investment preferences. Here are some reasons why individuals might consider investing in Fixed Deposits: FD Calculator While Fixed Deposits have their merits, it’s essential to consider factors such as inflation, which can erode the […]

Challenges Core Banking System Faces

Core banking systems are the backbone of a bank’s operations, handling various essential functions from transaction processing to customer management. However, like any complex system, they can face several challenges: Some examples of Core Banking Systems are: Turing CBS by M2P Fintech Finacle Digital Banking Suite by Infosys FLEXCUBE by Oracle Temenos Transact TCS BaNCS […]