Festival Bonanza for bank staff: Banks to pay one-month advance salary against the payment of arrears
Banks to pay one-month advance salary to employees and officers this month The IBA letter dated October 1, addressed to member banks of IBA including the private sector, public sector, and foreign banks asked them to pay one month’s salary as advance ahead of Deepavali. As regards to employees who have joined the services of…
Read article
ETHICS IN BANKS AND FINANCIAL INSTITUTIONS
Principles of Trust: The Principles of trust are Integrity, security, availability, confidentiality, and privacy. It inspires customers, investors, regulators, and lenders to feel confident about bankers, banking products, and banking organisations. Principle of neutrality: Not to differentiate between employees (internal customers) and customers. No bias in behaviour. Principles of reliability: The reliability principle in banking…
Read article
What are Cyber Threats of different types?
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…
Read article
What is Digital rights management (DRM)?
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,…
Read article
Understanding Patents and Intellectual Property Rights
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…
Portfolio Risk Fund for Microfinance programme aimed at budding MSMEs
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…
Read article