AU Small Finance Bank (AUBANK) reported subdued earnings, impacted by higher provisions (INR1.4b) toward SMA accounts. Overdue loans stood at INR23b (8.5% of loans) as of April’20 v/s INR36b as of 1st Mar’20. 29% of customers (25% of the loan book) availed moratorium, which would be the key monitorable in the near term. On the business front, loan growth moderated, ... Read More »
Everything takes more time if you are poor. The essentials of daily life, getting groceries and doing the laundry and getting to and from work, take planning and time that most of us scarcely consider when the groceries are being delivered, the washer is down the hall, and getting to work means jumping in our car. For students of modest financial means, ... Read More »
TOPEKA, Kan. (WIBW) — The Kansas State Board of Education announced they are giving executive privileges to the State Education Commissioners to grant schools special exceptions if impacted by the coronavirus. “This is only if a school is required to close by the public health departments or KDHE,” said Susan McMahan, Director of the Safe and Secure Schools Unit with the ... Read More »
Union Finance Minister Nirmala Sitharaman, flanked by her deputy Anurag Thakur (to her right) and a team of officials, shows a folder containing the Union Budget documents as she arrives at Parliament Facing one of the steepest slides in growth and just into the first year of its second term, the NDA-2 government decided to play safe when it came ... Read More »
Balasore: Two employees of a private finance company were robbed of Rs 1.7 lakh by armed miscreants near Nayakbandha crusher under Soro police limits in Balasore district on Sunday morning. The matter came to light after the victims, employees of a private finance company, Jagannath Swain and Rashmirekha Das, lodged a complaint with the local police this morning. According to sources, ... Read More »
One thing that 2019 witnessed was amazing gadget innovations. From someone who is a gadget freak to someone who loves experimenting with the latest tech device, the market had something or the other for everyone. It is also the time when we show our gratitude and love to our family, friends, and co-workers in the form of year-end gifts. So ... Read More »
For an average Indian investor, if the turn of the 21st century was about moving beyond the comforts of fixed deposits to market-linked products, the first 10 years were spent discovering the imperfections of the market. Fragmented markets with regulators fighting over turf left investors confused and grappling for recourse. The start of this decade held out hope as the ... Read More »
The authorities in various cities of Uttar Pradesh have suspended internet in view of the anti-Citizenship Amendment Act protests in Uttar Pradesh and Friday prayers. The state of Uttar Pradesh has witnessed massive and violent protests against the new citizenship law. At least 17 people were killed, over 200 police personnel injured and state-owned property damaged across Uttar Pradesh, last ... Read More »
Airtel was hit with possibly the biggest security bug which could have left the telco’s 300+ million users’ data vulnerable. The security flaw existed in the API of Airtel smartphone app where sensitive information of Airtel users can be found. Airtel’s security flaw was discovered by independent security researcher Ehraz Ahmed who said it took him just 15 minutes to find ... Read More »
The complex field of investment management is steadily evolving, and this means leaders from all sectors must keep their eyes peeled for new talent. But balancing retention and professional development on top of the seemingly endless recruitment process for top talent can be burdensome for business owners. To help remove some of the burden, here’s a rundown of what investment ... Read More »
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