Feature Post

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...
0

URJIT PATEL – NEW RBI GOVERNER 2016

- The appointment has been made based on the recommendation of the Financial Sector Regulatory Appointments Search Committee (FSRASC), headed by the Cabinet Secretary.

- Will Be 24th RBI Governor

- Will take over charge from September 2016

- Born - 28 October 1963

- Currently Working as Deputy Governor Sine 2013

Education

 - B.Sc. (Economics) University of London – 1984
- M Phil from Oxford University – 1986
- Doctorate in Economics from Yale – 1990

Earlier Assignments

 - 1990-95 – Economist at International Monetary Fund & Deputy IMF resident representative in India
- 1995-97 – Adviser to RBI for Development of the debt market, banking sector & pension fund reforms
- 1997-06 – ED & Member of the management committee, IDFC
- 2006-07- NRI economic fellow, Brooking Institution, Washington DC
- 2008-09- President and macroeconomic risk assessment for overall business at RIL
- 2009-13 – Adviser, The Boston Consulting Group on energy and infrastructure

- 2013 -   Deputy Governor RBI

Comments

Post a Comment