Cryptocurrency in India – Real Money but Not A Legal Tender

Cryptocurrency is a virtual currency which uses the technology of cryptography to secure its transactions, and these transactions are further stored in a digital ledger. The cryptocurrency can be classified into two categories based on centralisation-: The centralised cryptocurrency is controlled by the appointed head of the centralised repository unit which is similar to theContinue reading “Cryptocurrency in India – Real Money but Not A Legal Tender”

Decoding Cryptocurrency- Legal Status in India and Rest of the World

The state of Cryptocurrency has been in a constant conundrum in all the major countries since its advent in 2009. Cryptocurrency has been an amazing attempt to move the banking system into a more digitized format but simultaneously has been a threat to the old, secure and a centrally authorized system of banking. A lotContinue reading “Decoding Cryptocurrency- Legal Status in India and Rest of the World”

Securitization Process

In its most basic sense, securitization is the process of turning assets into securities. It is the process by which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the packaged instruments to investors.  Securitization is a process by which a company clubs its different financial assetsContinue reading “Securitization Process”

Non-Performing Assets

He who is quick to borrow is slow to pay Indian as well as the global economy has grown at a fast pace after WW-II. The globe has witnessed a phenomenon we often call industrialization, globalization, urbanization. The world has become co-operative at times and competitive during others. With such surge in the growth ofContinue reading “Non-Performing Assets”

Evolution of Banking in India

Section 5 of the Banking Regulation Act, 1949 provides the definition of Banking as: “Banking is the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise” The financial sector of a country is very critical forContinue reading “Evolution of Banking in India”