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NEO Banking - A Future Digital Banking, Development Scope, Threat and Challenges

What is Neo Banking? NEO banks are the banks which has no physical branches. NEO Banks are digital only financial institutions that operate exclusively online through websites and mobile apps.  The financial services industry has undergone massive transformations from manual to Core Banking and now digital without any physical branch. the evolution of banking has been marked by innovations aimed at making financial services more accessible, convenient, and efficient.   NEO Banks offers services like below: Account Management: Account Opening, Checking, Savings, and Money Transfers Loan Services: Quick and seamless loan approvals Low Fees: Minimal or no fees due to lower operational costs Tech Features: Budget tools, instant payments, and real-time alerts Why Are Neo Banks becoming popular now? Convenience : 24/7 mobile banking—no waiting in lines. Lower Fees : No hidden charges, free international transfers, and zero maintenance fees. User-Friendly Apps : Seamless, f...
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Capital and Revenue Expenditure (Summary)


    1.   Capital expenditure refers to the expenditure whose benefit can be enjoyed by a company for several years.

    2.   Revenue expenditure refers to the expenditure incurred for carrying the day to day operation of the company.

    3.   Deferred revenue expenditure is that expenditure for which payment has been made or a liability incurred but which is carried forward on the presumption that it will be of benefits over a subsequent periods.

    4.   Capital receipts to the receipts from activities that do not form part of normal trading activities of the company.

    5.   Revenue receipts are items of income that are received or occurred in the ordinary course of business.


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