Famous or Important – Abstract GD Topic
The following are the words of Arlo Davis Guthrie, who is an American folk singer, known for singing songs of protest against social injustice and storytelling while performing songs. “Being famous is not the same as being important. A lot…
Insolvency and bankruptcy code
Developed to find a solution to the proliferating stressed assets of banks, The Insolvency and Bankruptcy Code has been evolving since 2016. Although the code has been able to do only a little good to the banks uptil now, it…
Should Fintech firms and Banks be collaborated?
In this age of transparency and digitization, Fintech firms and start-ups have been the major gainers. They are also emerging as strong players in the financial sector by offering personalised and transparent offers to the customers. By weakening the loyalty…
Fugitive Economic Offenders Act
What is Fugitive Economic Offenders Act :-- Fugitive Economic Offenders Act, 2018 was brought to deal with the economic offenders that left the country to escape from investigation.
- Many high-profile economic offenders such as Nirav Modi, Mehul Choksi, Vijay Malya,
How can banks prevent Nirav Modi-Like scams?
Background :-- Two employees of Punjab National Bank, the second largest public sector bank of India, tie up with Nirav Modi and issued LOUs(Letter of Undertaking) to overseas banks through SWIFT(Society for Worldwide Interbank Financial Telecommunication), without noting this in
