Ponzi schemes and commercial banks: Lending resources tied up

The various actions that were started in the early 1990s with the Financial Sector Reforms Programme (FSRP) to improve loan recovery were successful for some time but their efficacy has declined and the bad loan problem has again weakened the banking sector.The courts have not been able to provide support...

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It's the Economy, Stupid!

During the 1992 US Presidential campaign one of the chief strategist of Bill Clinton, James Carville, coined the phrase "The Economy, Stupid" to emphasise one of the principal agenda of the campaign strategy. This phrase and its variation, "It's the Economy, Stupid" have become a famous reference to highlight the...

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Popularising internet banking

Modern banking offers different modes of transactions that include ATM payment, mobile banking, internet banking etc. Among these, Though ATM and mobile banking have gained enormous popularity among all types of clients, internet banking still lags behind. Banks can provide services like utility bill payment, credit card bill payment, payment...

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