Category: Banking and Finance
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Revolutionizing the BFSI Sector: The Impact of AI on Banking and Financial Institutions in the Next Five Years
Introduction Artificial intelligence (AI) has become a critical technology that is transforming various industries, including the banking and financial institutions (BFSI) sector. AI has the potential to revolutionize the way financial services are delivered, making them more efficient, personalized, and secure. As per market data, AI adoption in the banking…
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“Challenges and Outlook for Fiscal Policy in India: Addressing Deficits, Public Debt, and Balancing Growth”
Fiscal policy refers to the government’s use of taxation, spending, and borrowing to influence the economy. It affects various aspects of the economy, such as growth, inflation, deficit, debt, and welfare. Some of the main challenges in the fiscal policy of India are: – Reducing the fiscal deficit and public…
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Inflation in Canada and Its Future Prospects: An Overview”
Inflation is the general increase in the prices of goods and services over time. It affects the purchasing power of money and the cost of living. The main measure of inflation in Canada is the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of…
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Understanding the Impact and Challenges of Bad Debts on India’s Banking System
Bad debts are loans that cannot be recovered from borrowers. They are a serious problem for the Indian banking system, which affects its profitability and credit growth. Bad debts have been accumulating over the years due to various reasons, such as: – Sluggish domestic growth and global financial crisis that…
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The Dynamic Impact of Interest Rate Increases on Different Sectors in India
Introduction: Interest rates serve as an essential tool for central banks to manage economic growth and control inflation. However, the recent trend of increasing interest rates globally, led by the US Federal Reserve, has sent ripples across various sectors in India. The Reserve Bank of India (RBI) has also opted…
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“The Decline of the Indian Stock Market: Understanding the Factors Behind the Recent Turmoil”
The Indian stock market has experienced a significant decline in recent months, primarily due to a combination of Indian and international reasons. The Reserve Bank of India (RBI) has raised interest rates multiple times in an attempt to combat inflation. While this may be beneficial for controlling inflation, it has…
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India’s Open Credit Enablement Network as a Model to Empower MSMEs in Emerging Economies | ORF
India’s micro, small, and medium enterprises (MSME) sector is a key driver of the country’s economic and social development by fostering entrepreneurship and generating substantial employment opportunities at comparatively lower capital costs. However, inadequate access to finance is one of the most crucial barriers to the sector’s growth. Recent developments…
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