DBC 2349 - KLEMS

 

The Banking Tutor 

Daily Banking Concept -  2349 

KLEMS

 

The RBI KLEMS database is a detailed economic dataset from the Reserve Bank of India (RBI) that provides insights into India's industrial growth and productivity, focusing on five key inputs: Kapital, Labour, Energy, Materials, and Services (KLEMS) across 27 industries, aiding in analyzing economic performance and employment trends.

BTL 871 - CLEAN and SMART Banking

 

The Banking Tutor’s Lessons

BTL 871                                                                                18-02-2026

CLEAN and SMART Banking  

"CLEAN and SMART banking" refers to a  reform initiative for Public Sector Banks  known as the EASE (Enhanced Access and Service Excellence) program.

This framework aims to transform traditional institutions into data-driven, customer-centric by focusing on two core pillars – CLEAN Banking and SMART Banking.

"CLEAN" Banking: Institutional Integrity - The "Clean" component focuses on financial hygiene and transparency to restore trust in the banking system:

Clean Credit: Implementing rigorous, data-based credit appraisal processes to prevent bad loans from the start.

Leveraging Data: Moving away from subjective lending to analytics-driven decision-making.

Ensuring Accountability: Hardwiring IT solutions into systems to track performance and ensure responsibility at all levels.

NPA Recovery: Strengthening the resolution of Non-Performing Assets (NPAs) through transparent processes.

 

"SMART" Banking: Technological Excellence - The "Smart" component targets the customer experience through digital innovation:

Speedy  & Multi-channel reach: Ensuring 24/7 banking availability through digital channels and "Dial-a-loan" services. 

Accessible & Affordable: Using technology to reach the grassroots level, including micro-enterprises and rural areas, at lower costs.

Responsive: Utilizing AI-powered chatbots and predictive analytics to offer hyper-personalized financial advice and instant support.

Technologically Enhanced: Embedding advanced features like biometric authentication (fingerprint/facial recognition) and blockchain for secure, transparent transactions.

Sekhar Pariti

+91 9440641014

DBC 2348 - Willie Sutton Rule

 

The Banking Tutor 

Daily Banking Concept -  2348 

Willie Sutton Rule 

The Willie Sutton Rule is based on a statement by notorious American bank robber Willie Sutton, who, when asked by a reporter about why he stole from banks, answered: “Because that's where the money is.”

DBC 2347 - Affordability Index

 

The Banking Tutor 

Daily Banking Concept -  2347 

Affordability Index 

An affordability index is a measure of an average person’s ability to purchase a particular item, such as a house in a particular region. It can also measure their ability to afford the general cost of living in the region.

BTL 870 - Udyam Assist Certificate

 

The Banking Tutor’s Lessons

BTL 870                                                                                15-02-2026

Udyam Assist Certificate  

The Udyam Assist Certificate is a digital document issued to Informal Micro Enterprises (IMEs) lacking GST numbers, enabling them to register via the Udyam Assist Platform (UAP).

Launched on January 11, 2023, by the Ministry of MSME and implemented by SIDBI, this certificate allows unregistered, small businesses to access Priority Sector Lending (PSL) benefits.

Key Aspects of the Udyam Assist Certificate:

Purpose: Formalizes informal micro-businesses (e.g., street vendors, artisans, small traders) without requiring GST registration.

Validity: Treated equally to a regular Udyam Registration Certificate for availing PSL benefits, according to RBI guidelines.

Process: Registration is assisted by Designated Agencies (DAs) like banks, NBFCs, or MFIs who use Aadhaar and PAN data to generate a Unique Registration Number (URN).

Application: Registered IMEs can download their certificates directly from the UAP portal.

IMEs with an Udyam Assist Certificate shall be treated as micro enterprises for the purpose of PSL classification.

Sekhar Pariti

+91 9440641014

DBC 2346 - Insider Trading

 

The Banking Tutor 

Daily Banking Concept -  2346 

Insider Trading 

Insider trading is the buying or selling of a company's securities by individuals who possess material, non-public information about that company.

DBC 2345 - Market Manipulation

 

The Banking Tutor 

Daily Banking Concept -  2345 

Market Manipulation 

Market manipulation is the intentional and illegal act of artificially influencing the supply or demand of a security to deceive investors and profit from the resulting price distortion.