In view of separate Module (Module E) on “ETHICS IN BANKS AND FINANCIAL INSTITUTIONS” has been added in JAIIB paper “Principles & Practices of Banking”, the following post is prepared to enable the candidates to have a glimpse various topics such as Ethics and ethical theories, Code of Ethics Manual, Business ethics and Banking, Ethics…
A cyber threat or cyber-security threat is a malicious act that generally hunts for damaging data, steals data or disrupts digital life. The perpetrators of these attacks are organized crime groups, terrorists, industrial spies, unhappy insiders, business competitors, hackers, and Nation-states* (*where a Government trying to learn other countries’ national secrets and critical infrastructure like…
Digital rights management also known as information rights management, or enterprise rights management is a measure to prevent unauthorized operators from using proprietary hardware and copyrighted works. The main purpose of DRM technologies is not to catch those who engage in piracy but simply a curb them from accessing or using specific copyrighted content. Generally,…
An Intellectual property right is the right of a person or company to use their inventions, or ideas through patents, copyrights, trademarks, and trade secrets without the worry of competition at least for a specified period. The invention may be the inventor’s creativity, concepts, architectural designs, industrial models, songs, literature, symbols, names, brands, etc. The…
Microfinance means giving small loans to individuals or small businesses to meet their business requirement. The beneficiaries of Microfinance programmes are the persons who may be outside the formal banking channel. The microcredit programmes are run primarily by SIDBI in the field of Industry and Service, NABARD in the field of agriculture. The scheme of…
Data security refers to securing the data of a company by using multiple technologies and techniques. Companies need to have data security to prevent unauthorized access, intentional loss of sensitive data, and accidental loss or corruption of sensitive data. The techniques used in data security include multi-factor authentication, multiple layers of access control at the…
The banks are financial institutions licensed to receive deposits and make loans. Apart from collecting deposits and lending banks are handling cash transactions, Ancillary Services to their customers. To gain the confidence of customers’ banks need to maintain the highest standards of honest and ethical conduct in the course of all their operations. Although profitability…
A code of ethics is a set of principles guiding members of an organization and other interested persons in making ethical choices in the conduct of their work. The Code of Ethics manual contains approved provisions relating to the enforcement of the Code of Ethics. The essential purpose of a code of ethics is to…
(This post elucidates the meaning of Whistle-Blower and Whistleblowing Laws in India) The whistle-blower is a complainant who wishes to complain or disclose any allegation of corruption or misuse of office by any employee of the Central Government or of any corporation established under any Central Act, government companies, societies, or local authorities owned or…
Unethical behaviour is an act that falls contrary to what is considered morally right for a person, a business a profession, or in politics. It can also be behaviour of a person that falls outside the principles admired in the community where he lives. Unethical behavior of a person: Lying to family members, friends, colleagues…