NACH facilitates one-to-many credit transfers such as payment of dividend, interest, salary and pension. It also facilitates collection of payments pertaining to electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds and insurance premium
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Under the scheme, banks can provide fresh lending support to hotels and restaurants
In a bid to support revival of sectors hit most by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services.
This is in addition to on-tap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate till March 31, 2022 to boost provision of immediate liquidity for ramping up COVID-related healthcare infrastructure and services in the country. This was announced on May 5.
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The stock went lower by 2. 87 per cent to close at Rs 928.40 on the BSE
Shares of HCL Technologies on Monday dipped nearly 3 per cent after the company posted a 6.1 per cent decline in consolidated net profit in the March quarter. The stock went lower by 2. 87 per cent to close at Rs 928.40 on the BSE. During the day, it declined 3.37 per cent to Rs 923.50. On NSE, it dipped 2.68 per cent to close at Rs 930.
In traded volume terms, 6.48 lakh shares were traded at the BSE and over 1.96 crore units at the NSE during the day.IT services major HCL Technologies (HCLT) on Friday posted a 6.1 per cent decline in consolidated net profit in March quarter to Rs 2,962 crore, but said it is confident of logging double-digit growth in FY22 revenue on the back of a strong deal pipeline.
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Why health insurance is important during COVID-19 times - Explained
The COVID-19 pandemic has made us realise that future is uncertain, and medical emergency can take place anytime. So, to protect us from any medical emergency Health Insurance is must.
We all are following social distancing and taking health precautions, measures but along with precautions we need health insurance as well. Remember, health insurance is what every family needs not only during pandemic but for any medical issues we face in future as well.
âCovid has underlined the uncertainties that life brings along, the need to evaluate oneâs risks and have them covered by insurance. In India, we are facing the second wave which is more worrying. Throughout this pandemic, people secured by health covers were able to get back on their feet sooner. There is now an increased awareness especially about Health Insurance, says Pankaj Verma â Head (underwriting), SBI General Insuranc