Bharatiya Mahila Bank wins Asian Banker Achievement Award 2015

Bharatiya Mahila Bank (BMB) has won The Asian Banker Achievement Award 2015. The award was presented to the BMB in the Technology Implementation category of Best Outsourcing Project (New Bank). Usha Ananthasubramanian, Chairman and Managing Director of BMB received the ..

Month: Current Affairs - April, 2015

Bancassurance

Bancassurance or Bank Insurance Model refers to the distribution of the insurance and related financial products by the Banks whose main business is NOT insurance. So, simply Bancassurance, i.e., banc + assurance, refers to banks selling the insurance products In ..

Norway’s Magnus Carlsen wins Shamkir chess tournament in Azerbaijan

World champion Magnus Carlsen of Norway on 26 April 2015 won the Shamkir Chess tournament held in Azerbaijan. In the ninth and final round, he defeated Rauf Mamedov of Azerbaijan in 35 moves and scored seven points. Former world champion ..

Month: Current Affairs - April, 2015

What is Asset Liability Mismatch?

Asset Liability Mismatch or ALM is considered to be a comprehensive and dynamical framework for measurement, monitoring and managing the market risk of the Banks. Asset Liability Mismatch arises in the following situation: The Primary source of funds for the ..

India’s Credit Rating Agencies

The Credit rating market taken a definite shape in India after the SEBI made it mandatory for any debenture that has maturity of more than 18 months maturity. There are four domestic credit ratings in India for standardized approach for ..

What are Risk Weighted Assets?

The Risk Weighted Assets (RWA) refer to the fund based assets such as Cash, Loans, Investments and other assets.  They are the total assets owned by the Banks, however, the value of each asset is assigned a risk weight (for example ..