Recommendation of RBI committee for data formats for CICs.All commercial banks,Regional Rural banks,Local Area Banks,HFCs and SFCs may be compulsorily required to become members of all CICs and submit data to them.
IT Outsourcing in Insurance - Annual Report 2013Everest Group
This report provides an overview of the Application Outsourcing (AO) market for the insurance industry, through an in-depth analysis of large-sized AO contracts (i.e., contracts that are over US$ 25 million in TCV and over three years in duration). The report analyzes key trends in market size & growth, demand drivers, adoption & scope trends, emerging priorities of buyers, key investment themes, and future outlook for 2014 with regards to such large insurance AO deals
Critical Mission Support Achieved through Custom Procurement SolutionsMulti Service
Federal government procurement policies are complex, stringent and increasingly require more transparency. Because government services are funded by taxpayer dollars, due diligence is a necessary component to ensure optimal and appropriate use of available funding. In recent years, the Department of Defense (DoD) has made significant progress in adopting custom purchase and payment programs to help streamline complex procurement of commercial products and services. This paper will address the rationale and advantages behind custom purchase and payment program adoption and the options that should be considered to achieve further cost saving enhancements. It will address closed-loop, private procurement and payment solutions and why they are advantageous over traditional off-the-shelf solutions in specific industries in the domestic and overseas marketplace.
Critical Mission Support Achieved Through Custom Procurement SolutionsJean Gleason
Federal government procurement policies are complex, stringent and increasingly require more transparency. Because government services are funded by taxpayer dollars, due diligence is a necessary component to ensure optimal and appropriate use of available funding. In recent years, the Department of Defense (DoD) has made significant progress in adopting custom purchase and payment programs to help streamline complex procurement of commercial products and services. This paper will address the rationale and advantages behind custom purchase and payment program adoption and the options that should be considered to achieve further cost saving enhancements. It will address closed-loop, private procurement and payment solutions and why they are advantageous over traditional off-the-shelf solutions in specific industries in the domestic and overseas marketplace.
Critical Mission Support Achieved through Custom Procurement SolutionsDoretta
Federal government procurement policies are complex, stringent and increasingly require more transparency. Because government services are funded by taxpayer dollars, due diligence is a necessary component to ensure optimal and appropriate use of available funding. In recent years, the Department of Defense (DoD) has made significant progress in adopting custom purchase and payment programs to help streamline complex procurement of commercial products and services. This paper will address the rationale and advantages behind custom purchase and payment program adoption and the options that should be considered to achieve further cost saving enhancements. It will address closed-loop, private procurement and payment solutions and why they are advantageous over traditional off-the-shelf solutions in specific industries in the domestic and overseas marketplace.
IT Outsourcing in Insurance - Annual Report 2013Everest Group
This report provides an overview of the Application Outsourcing (AO) market for the insurance industry, through an in-depth analysis of large-sized AO contracts (i.e., contracts that are over US$ 25 million in TCV and over three years in duration). The report analyzes key trends in market size & growth, demand drivers, adoption & scope trends, emerging priorities of buyers, key investment themes, and future outlook for 2014 with regards to such large insurance AO deals
Critical Mission Support Achieved through Custom Procurement SolutionsMulti Service
Federal government procurement policies are complex, stringent and increasingly require more transparency. Because government services are funded by taxpayer dollars, due diligence is a necessary component to ensure optimal and appropriate use of available funding. In recent years, the Department of Defense (DoD) has made significant progress in adopting custom purchase and payment programs to help streamline complex procurement of commercial products and services. This paper will address the rationale and advantages behind custom purchase and payment program adoption and the options that should be considered to achieve further cost saving enhancements. It will address closed-loop, private procurement and payment solutions and why they are advantageous over traditional off-the-shelf solutions in specific industries in the domestic and overseas marketplace.
Critical Mission Support Achieved Through Custom Procurement SolutionsJean Gleason
Federal government procurement policies are complex, stringent and increasingly require more transparency. Because government services are funded by taxpayer dollars, due diligence is a necessary component to ensure optimal and appropriate use of available funding. In recent years, the Department of Defense (DoD) has made significant progress in adopting custom purchase and payment programs to help streamline complex procurement of commercial products and services. This paper will address the rationale and advantages behind custom purchase and payment program adoption and the options that should be considered to achieve further cost saving enhancements. It will address closed-loop, private procurement and payment solutions and why they are advantageous over traditional off-the-shelf solutions in specific industries in the domestic and overseas marketplace.
Critical Mission Support Achieved through Custom Procurement SolutionsDoretta
Federal government procurement policies are complex, stringent and increasingly require more transparency. Because government services are funded by taxpayer dollars, due diligence is a necessary component to ensure optimal and appropriate use of available funding. In recent years, the Department of Defense (DoD) has made significant progress in adopting custom purchase and payment programs to help streamline complex procurement of commercial products and services. This paper will address the rationale and advantages behind custom purchase and payment program adoption and the options that should be considered to achieve further cost saving enhancements. It will address closed-loop, private procurement and payment solutions and why they are advantageous over traditional off-the-shelf solutions in specific industries in the domestic and overseas marketplace.
By 1st December 2015, BCBS-IOSCO rules mean that all eligible financial and non-financial counterparties must be able to exchange bilateral Variation Margin (VM) and Initial Margin (IM) with their OTC derivatives counterparties. The consequences of this extend far beyond methodology, requiring a re-evaluation of the whole end to end workflow.
Why banks must deploy core banking solutions (CBS). BeaconPro core banking software is a centralized, browser-based, user-friendly and offers a world of convenience to users.
apidays LIVE Hong Kong 2021 - Leveraging open banking phase 3 & 4 and CDI to ...apidays
apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange
August 25 & 26, 2021
Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant SME ecosystem
Howard Wong, Chief FinTech Evangelist at FORMSHK
Unlock insights into obtaining an Account Aggregator License with our comprehensive guide. Navigate regulations, requirements, and essential steps effortlessly.
White paper payment banks - changing landscape of retail bankingRSM India
The RBI has recently decided to grant in-principle approval to 11 applicants for setting up ‘Payment Banks.’ This move is to enhance financial inclusion by providing access to small saving accounts and payments, migrant labour work force, small businesses in unorganized sectors, etc. The payment banks are expected to use high technology platform to provide services at low cost, thereby redefining the retail banking landscape.
We are pleased to attach our White Paper: ‘Payment Banks – Changing Landscape of Retail Banking’ and trust you will find the same useful.
Score card template for MSME lending with objective to create automatic underwriting engine using flow based lending framework. Data points can e taken from various sources like GST portal, Account statement, UPI, India stack, Bharat bill payment, Digilocker to create robust underwriting engine.
ScenarioBranson Ltd. is a public listed tour company that is bas.docxjeffsrosalyn
Scenario
Branson Ltd. is a public listed tour company that is based in Melbourne. One of its main operating businesses is to provide tourists with hot-air balloon flights over the city. As their current balloons are due to be retired, they must decide whether to replace them with a large or small model. New balloons have an expected life of 8 years, after which salvage values are $70,000 for the large balloons and $45,000 for the small balloons. Market research has estimated that there is a 60% probability that demand will be high throughout the useful life of the balloons, and a 40% probability that demand will be low throughout the useful life of the balloons.
The large model is expected to cost $900,000, with an extra installation and shipping cost of $80,000. The small model is expected to cost $650,000, with an additional installation and shipping cost of $45,000. The company's accounting policy is to depreciate using the reducing balance approach of 20% per annum.1 There is also an initial increase in net working capital of $70,000 for the large model, and $40,000 for the small model. The net working capital is recoverable at the end of their useful life.
In the event of high demand, the company expects a yearly operating revenue of $800,000 for the large model, and a yearly operating revenue of $330,000 for the small model. If the demand is low, yearly operating revenue is forecasted to be $700,000 for the large model and $280,000 for the small model. Annual variable and fixed costs associated with operating these balloons are expected to be $400,000 for the large model and $150,000 for the small model. In addition, if the large model is preferred over the small model, the company needs to rent an additional warehouse to store the large balloons. A new warehouse’s rental cost is expected to be $150,000 per year. At the end of year four, there is also an option to cease operation and thus sell the large balloons for $500,000 and the small balloons for $400,000 if the business is not profitable.
The company requires you to calculate an appropriate discount rate using the company’s weighted average cost of capital. The company’s capital structure has remained fairly stable, with a debt-to-equity ratio of 1.2. The company has no plan to adjust its capital structure in the future. Given that the company is listed on the stock exchange, you are able to obtain the historical returns over the last 20 years for the company, the market portfolio and the risk-free asset as tabulated in Table 1. The company debentures have a face value of $1000 and a coupon rate of 10%. They mature in 10 years' time. Similar debentures are currently yielding 12%. The company tax rate is 30%.
1 As discussed in Week 5, ignore residual value in the calculation of yearly depreciation.
Table 1
Year
Branson
Market
Risk-free
1999
23.13%
13.81%
6.01%
2000
19.55%
12.77%
6.31%
2001
10.08%
7.65%
5.62%
2002
-19.35%
-10.64%
5.84%
2003
25.01%
14.61%
5.37%
2004
29.21%
29.
Big Announcements for MSME- U.K.Sinha Committee ReportCA PRADEEP GOYAL
While making on announcements for measures to boost Indian Economy yesterday, Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said we are going to implement recommendations on Micro, Small & medium Enterprises by U.K.Sinha Committee in their report dated 25th June 2019 submitted to RBI.
Attached is my presentation on highlights of above said recommendations and if implemented strictly, nothing can stop India’s MSME sector flourishing like anything.
Have a look please.
SummaryCMC Limited (CMC) is an Indian IT solutions provider. The company is principally engaged in designing, developing, and supplying software and hardware related to the networking systems to its clients across the globe. In addition to that, the company also offers services such as commissioning, installation, warranty and maintenance, and support services. Further, the company is also engaged in providing education and training activities. The company presently has one subsidiary and its business operations could be found in many countries including the United States of America, the United Kingdom, Dubai, Europe, Africa, and Middle East.Global Markets Direct's CMC Limited - Financial Analysis Review is an in-depth business, financial analysis of CMC Limited. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed financial ratios of the companyScope- Provides key company information for business intelligence needs The report contains critical company information ' business structure and operations, the company history, major products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries.- The report provides detailed financial ratios for the past five years as well as interim ratios for the last four quarters.- Financial ratios include profitability, margins and returns, liquidity and leverage, financial position and efficiency ratios.Reasons to buy- A quick 'one-stop-shop' to understand the company.- Enhance business/sales activities by understanding customers' businesses better.- Get detailed information and financial analysis on companies operating in your industry.- Identify prospective partners and suppliers ' with key data on their businesses and locations.- Compare your company's financial trends with those of your peers / competitors.- Scout for potential acquisition targets, with detailed insight into the companies' financial and operational performance.KeywordsCMC Limited,Financial Ratios, Annual Ratios, Interim Ratios, Ratio Charts, Key Ratios, Share Data, Performance, Financial Performance, Overview, Business Description, Major Product, Brands, History, Key Employees, Strategy, Competitors, Company Statement,
Harrier is leading software development company in India with expertise in developing financial services software, healthcare digital solutions, web & mobile app development.
SCIPL is a leading sales training company Nagpur, India offers corporate sales training for direct sales, channel sales, cold calls, lead generation, sales negotiation skills, ACY sales management, key account management. Help to manage, grow and optimize sales operations and distribution channels
By 1st December 2015, BCBS-IOSCO rules mean that all eligible financial and non-financial counterparties must be able to exchange bilateral Variation Margin (VM) and Initial Margin (IM) with their OTC derivatives counterparties. The consequences of this extend far beyond methodology, requiring a re-evaluation of the whole end to end workflow.
Why banks must deploy core banking solutions (CBS). BeaconPro core banking software is a centralized, browser-based, user-friendly and offers a world of convenience to users.
apidays LIVE Hong Kong 2021 - Leveraging open banking phase 3 & 4 and CDI to ...apidays
apidays LIVE Hong Kong 2021 - API Ecosystem & Data Interchange
August 25 & 26, 2021
Leveraging open banking phase 3 & 4 and CDI to create a smart and vibrant SME ecosystem
Howard Wong, Chief FinTech Evangelist at FORMSHK
Unlock insights into obtaining an Account Aggregator License with our comprehensive guide. Navigate regulations, requirements, and essential steps effortlessly.
White paper payment banks - changing landscape of retail bankingRSM India
The RBI has recently decided to grant in-principle approval to 11 applicants for setting up ‘Payment Banks.’ This move is to enhance financial inclusion by providing access to small saving accounts and payments, migrant labour work force, small businesses in unorganized sectors, etc. The payment banks are expected to use high technology platform to provide services at low cost, thereby redefining the retail banking landscape.
We are pleased to attach our White Paper: ‘Payment Banks – Changing Landscape of Retail Banking’ and trust you will find the same useful.
Score card template for MSME lending with objective to create automatic underwriting engine using flow based lending framework. Data points can e taken from various sources like GST portal, Account statement, UPI, India stack, Bharat bill payment, Digilocker to create robust underwriting engine.
ScenarioBranson Ltd. is a public listed tour company that is bas.docxjeffsrosalyn
Scenario
Branson Ltd. is a public listed tour company that is based in Melbourne. One of its main operating businesses is to provide tourists with hot-air balloon flights over the city. As their current balloons are due to be retired, they must decide whether to replace them with a large or small model. New balloons have an expected life of 8 years, after which salvage values are $70,000 for the large balloons and $45,000 for the small balloons. Market research has estimated that there is a 60% probability that demand will be high throughout the useful life of the balloons, and a 40% probability that demand will be low throughout the useful life of the balloons.
The large model is expected to cost $900,000, with an extra installation and shipping cost of $80,000. The small model is expected to cost $650,000, with an additional installation and shipping cost of $45,000. The company's accounting policy is to depreciate using the reducing balance approach of 20% per annum.1 There is also an initial increase in net working capital of $70,000 for the large model, and $40,000 for the small model. The net working capital is recoverable at the end of their useful life.
In the event of high demand, the company expects a yearly operating revenue of $800,000 for the large model, and a yearly operating revenue of $330,000 for the small model. If the demand is low, yearly operating revenue is forecasted to be $700,000 for the large model and $280,000 for the small model. Annual variable and fixed costs associated with operating these balloons are expected to be $400,000 for the large model and $150,000 for the small model. In addition, if the large model is preferred over the small model, the company needs to rent an additional warehouse to store the large balloons. A new warehouse’s rental cost is expected to be $150,000 per year. At the end of year four, there is also an option to cease operation and thus sell the large balloons for $500,000 and the small balloons for $400,000 if the business is not profitable.
The company requires you to calculate an appropriate discount rate using the company’s weighted average cost of capital. The company’s capital structure has remained fairly stable, with a debt-to-equity ratio of 1.2. The company has no plan to adjust its capital structure in the future. Given that the company is listed on the stock exchange, you are able to obtain the historical returns over the last 20 years for the company, the market portfolio and the risk-free asset as tabulated in Table 1. The company debentures have a face value of $1000 and a coupon rate of 10%. They mature in 10 years' time. Similar debentures are currently yielding 12%. The company tax rate is 30%.
1 As discussed in Week 5, ignore residual value in the calculation of yearly depreciation.
Table 1
Year
Branson
Market
Risk-free
1999
23.13%
13.81%
6.01%
2000
19.55%
12.77%
6.31%
2001
10.08%
7.65%
5.62%
2002
-19.35%
-10.64%
5.84%
2003
25.01%
14.61%
5.37%
2004
29.21%
29.
Big Announcements for MSME- U.K.Sinha Committee ReportCA PRADEEP GOYAL
While making on announcements for measures to boost Indian Economy yesterday, Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said we are going to implement recommendations on Micro, Small & medium Enterprises by U.K.Sinha Committee in their report dated 25th June 2019 submitted to RBI.
Attached is my presentation on highlights of above said recommendations and if implemented strictly, nothing can stop India’s MSME sector flourishing like anything.
Have a look please.
SummaryCMC Limited (CMC) is an Indian IT solutions provider. The company is principally engaged in designing, developing, and supplying software and hardware related to the networking systems to its clients across the globe. In addition to that, the company also offers services such as commissioning, installation, warranty and maintenance, and support services. Further, the company is also engaged in providing education and training activities. The company presently has one subsidiary and its business operations could be found in many countries including the United States of America, the United Kingdom, Dubai, Europe, Africa, and Middle East.Global Markets Direct's CMC Limited - Financial Analysis Review is an in-depth business, financial analysis of CMC Limited. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed financial ratios of the companyScope- Provides key company information for business intelligence needs The report contains critical company information ' business structure and operations, the company history, major products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries.- The report provides detailed financial ratios for the past five years as well as interim ratios for the last four quarters.- Financial ratios include profitability, margins and returns, liquidity and leverage, financial position and efficiency ratios.Reasons to buy- A quick 'one-stop-shop' to understand the company.- Enhance business/sales activities by understanding customers' businesses better.- Get detailed information and financial analysis on companies operating in your industry.- Identify prospective partners and suppliers ' with key data on their businesses and locations.- Compare your company's financial trends with those of your peers / competitors.- Scout for potential acquisition targets, with detailed insight into the companies' financial and operational performance.KeywordsCMC Limited,Financial Ratios, Annual Ratios, Interim Ratios, Ratio Charts, Key Ratios, Share Data, Performance, Financial Performance, Overview, Business Description, Major Product, Brands, History, Key Employees, Strategy, Competitors, Company Statement,
Similar to RBI Recommendations for Credit Bureaus (20)
Harrier is leading software development company in India with expertise in developing financial services software, healthcare digital solutions, web & mobile app development.
SCIPL is a leading sales training company Nagpur, India offers corporate sales training for direct sales, channel sales, cold calls, lead generation, sales negotiation skills, ACY sales management, key account management. Help to manage, grow and optimize sales operations and distribution channels
Capital Market Solutions, Healthcare, GIS, mobile apps, offshore development. Harrier has successfully developed highly flexible, customizable and user friendly system for stock and capital market, equity research, healthcare and online payments. Harrier also provides DigiLocker Integration.
Harrier is a ISO 9001:2008 certified offshore software development company expertise in developing financial services software, web application, mobile apps, share-point development, quality assurance services and GIS solutions.
More from Harrier Information System Pvt. Ltd, (6)
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. Impact Analysis of
Recommendations of RBI committee
for data Formats for CICs
http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30855
2. Recommendations of RBI committee for data Formats for CICs
Recommendation Potential Impact/opportunity
All commercial banks, Regional Rural banks, Local Area Banks,
HFCs and SFCs may be compulsorily required to become
members of all CICs and submit data to them.
Cooperative banks and NBFC with assets over ₹ 100 crores
may be compulsorily required to become members of all CICs.
Others may be encouraged to become members of all CICs
• Huge increase in data load for CICs.
• Help banks to generate and share data with
all CICs in standardised TUDF format
• Adaptor for banks for generating and
sharing data with all CICs in standardised
TUDF format
Include following fields relating to the CPs in the commercial
data format for collecting credit info from CIs:
1. Name of CP issuer
2. Name of IPA
3. Amount
4. Issue date
5. Maturity date
6. Name of credit rating agency
7. Rating assigned
8. Amount of default
TBD in the TWG (technical working group) for
data formats
CICs may populate their DBs with commercial data records
within 1 year
Opportunity to help CICs populate DBs with
commercial data
3. Recommendation Potential Impact/opportunity
CIR should report co-borrower and guarantor details Enhance CIR format to include these details
CIC may be required to have information on mortgages of properties
in the consumer bureau format by having linkages with the database
of the Central Registry (CERSAI)
Enhance CIR format and the system that
generates CIR (MSOTool)?
In case of multiple borrowings of the same customer, information on
various accounts may be provided in the order of live accounts,
closed accounts and overall position of NPA status/wilful default/suit
filed, with limits and liabilities of each account
Enhance CIR format and the system that
generates CIR (MSOTool)?
CIC should provide ‘Read-only’ access to members to view the data
provided and updated by them
New system requirement unless already
there
Necessary steps be taken to put in place a full-fledged online data
correction mechanism
New system requirement
Adequate disincentives be put in place to ensure that CICs and CIs
adhere to the timelines stipulated under the CIC rules for resolving
discrepancies in CIR
?
CIRs should provide appropriate disclosures if any information
contained therein is disputed and the matter is not satisfactorily
resolved. if the customer so desires, his/her comment could also be
added to the CIR
Enhance CIR format and the system that
generates CIR?
Recommendations related to CIR
4. Recommendation Potential Impact/opportunity
New fields to indicate willful default of over ₹ 25 lakh (suit filed and
non-suit filed accounts)
Improve the commercial data format
DPDs should be captured by CIs for reporting to CICs Enhancements to the CBS/credit systems of Cis
Fields showing reasons for restructuring Improve the commercial data format
Banks to share data on unhedged foreign currency exposure with
CICs.
CICs may devise suitable format / fields for
incorporation in the Commercial Data Format.
Data from CIs should have at least one of the identifier fields viz.
PAN card No, Driving license no, Voter Card ID no. etc.
CIs to improve data generating process
Reasons fore rejection need to be parameterized and circulated
among the credit institution concerned. Rejection reports should be
made simple and understandable.
Enhancements to data upload process of CICs
(DUA)
Data Quality Index New application requirement at CIC or Cis
CIBIL method of calibrating credit score from 300 to 900 could be
adopted by the other CICs
Other CICs to Modify/create calibration to
match scoring from 300 to 900
Changes in Commercial data format of CIBIL
5. Recommendation Potential Impact/opportunity
When CIRs on the same borrower are accessed by more then one
specified user, say, within a period of one month, an alert may be
provided by the CIC to all specified users who have drawn the
reports, to avoid multiple financing to void fraudulent transactions
Enhance the system generating CIR, for this
feature (MSOTool)?
Alerts on borrowers who are changing their address/office are to be
indicated to other credit grantor as a Separate value added product,
without disclosing the name of the CI
New application requirement?
Customization of reports to provide specific information like
behaviour pattern of borrowers, as a separate value added product
New application requirement?
All CICs should be ISO27001:2013 certified for information security Certification audit by a reputed auditor
Best practices for CICs
6. Recommendations of RBI committee for data Formats for CIs
Recommendation Potential Impact/opportunity
Banks may be required within a reasonable period of, say,
eighteen months, to arrange for capturing the required data
from SHGs for reporting to CICs
Banks required to update their processes
to capture info about members of SHGs
All banks should be required to share DPD data in their
reporting under asset classification.
In the commercial segment, corporate identification number
and credit history of the directors of the company (based on DIN
number) also should be included.
Modify CIBIL commercial data format
There should be only one format for uploading and reverting
reject data from the CIC as conversions/ reconversions between
formats like Excel/TUDF/Notepad, etc., during the process of
furnishing data create validation issues.
Standardisation of data format between
CIs and CICs
The term ‘settled’ be suitably explained in the consumer CIR to
avoid misinterpretation by users. Explanation by borrower may
also be included if desired by the borrower
Changes in CIR format
DPDs should be captured by CIs for reporting to CICs Enhancements to the CBS/credit systems
of CIs
7. Recommendations of RBI committee for data Formats for CIs
Recommendation Potential Impact/opportunity
CIs may include in their credit appraisal processes, provisions for
obtaining credit reports from one or more CICs so that the credit
decisions are based on the information available in the system
Integrate CBS/credit appraisal systems with
CICs to directly fetch CIRs into the system
without manual intervention
CIBIL format to be taken as base for standardisation of data
formats for consumer and commercial borrowers. High Mark’s
format to be the base for MFI data reporting.
Advantages CIBIL and HM. Other CICs need
to adopt these formats.
Additional fields in data formats as per annex 5 of the report. Changes in data formats to be incorporated
in the data coming from CIs and CICs need
to modify their data validation and upload
procedures accordingly.
Detailed product classification, e.g., car loans, commercial
vehicles and construction equipment vehicles, under auto loans
could be furnished by CICs if so reported by the banks.
Change in CIR format
Business category/type, Mobile/Telephone number, State/Pin-
code/Country enhance the value of the commercial bureau data
and hence should be captured by the banks in their CBS.
Enhance banks’ CBSs
8. Recommendation Potential Impact/opportunity
Banks should mandate the use of CIRs in credit appraisal process Directly fetch CIRs into credit processing systems
Data Quality Index New application requirement at CIs
Best practices for CIs