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8 Major Government Banks Received Penalties by RBI in 2023 – Check the details!

Trade Brains

In 2023, the RBI imposed monetary penalties on eight government banks, adding up to Rs. Keep reading to find out which government banks were penalized, the fines imposed, and the reasons behind the penalties! The post 8 Major Government Banks Received Penalties by RBI in 2023 – Check the details!

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Many Internal Audit functions are not getting the budget they need

Norman Marks

The first was how their budget was prepared for approval by the audit committee of the board. 63 people answered my latest poll (for which I thank them). It asked two questions. Note that while management may express their opinion on the proposal and suggest changes, and we should listen to them, they should not […]

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When Does A Financial Coach Need To Register As An Investment Adviser? The “ABCS” Test To Determine Status

Nerd's Eye View

Notably, while many financial coaches satisfy the majority of these requirements – they are in the business of offering advice to clients and are compensated as such – they often steer clear of making specific securities recommendations, focusing instead on areas like budgeting, debt management, savings, and retirement planning.

Investing 245
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12 Best Paying Jobs in Finance in 2023

Good Financial Cents

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Chief Compliance Officer. Average salary: $114,832 per year.

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Can Investment Banking be India’s Next Big Economic Driver?

Trade Brains

Many banks struggle with scaling AI and fitting it within existing budgets. Regulatory compliance costs continue to rise. In 2024, financial crime compliance alone cost Indian financial institutions ₹5.1 According to a 2024 Citigroup report, AI could boost global banking industry profits to $2 trillion by 2028. lakh crore.

Banking 52
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Market Commentary: Is “Sell in May” Still Relevant?

Carson Wealth

A closer look at GDP data reveals five major components: Household consumption Investment — nonresidential and residential Government spending Change in private inventories Net exports (exports minus imports) The last two — private inventories and net exports — tend to be the most volatile segments of GDP growth. in the first quarter.

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SEI/AGB roundtable recap

SEI

Governance. Discussions covered a range of topics, including foundation operations, inflation and return expectations, processes for unspent distributions, asset allocation changes, and governance findings. The largest percent (28% on average) of operating budget comes from institutional support/shared service agreement.