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Technology for Micro Finance Institutions “ Strategic Advantages

20 Jul, 2016  Posted By Pramodh Vittal   Posted in Finance

Based on a report by  CRISIL on the top 25 Micro Finance Institutions (MFIs) in India in 2015, the critical points of impact for the MFIs have been identified as the following: Increasing profitability Reduction in Operating expenses Improvement in … Continue reading

 

Importance of XBRL Implementation

20 Jul, 2016  Posted By admin   Posted in xbrl

XBRL (eXtensible Business Reporting Language), as we all know it, is a globally accepted standard for exchanging business information. From the Regulators perspective, it is an interactive data format as against  the merely readable formats like HTML, PDF etc., that … Continue reading

 

Digital financial services industry set to reach 15K crore by 2020

20 Jul, 2016  Posted By Getsy Jenita J   Posted in Finance

The average mobile phone user makes at least one financial transaction using their smartphone in a week. Convenience has taken precedence in todays fast-paced life, even if it comes with a fee. From utility bills, fund transfers, movie bookings to … Continue reading

 

RBI eases compliance reporting norms for banks

14 Jul, 2016  Posted By Rajesh Krishnaswamy   Posted in RBI
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The financial scandals of the late 90s and early 2000s resulted in Reserve Bank of India (RBI) mandates to the various banks in India to submit regulatory reports primarily to prevent and deter frauds and money laundering. Today most of … Continue reading

 

XBRL Sustainable reporting brings accountability and transparency

04 Jul, 2016  Posted By Getsy Jenita J   Posted in xbrl
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The flow of information from one point to another is important to keep the ecosystem intact, especially in the financial world. Regulators need it to regulate the enterprises; investors need it to analyze the enterprises performance and take an investment … Continue reading