Financial Literacy News: Senior citizens generally get a slightly better interest rate on bank fixed deposits (FDs) compared to other investors. Similarly, the government has special programs for them, like the Senior Citizens Savings Scheme (SCSS).
The Economic Offences Wing (EOW) of Odisha Police has busted a racket involved in the misappropriation of funds worth crores of rupees deposited in the banks through cloned cheques, an official said on Monday.A member of the gang was arrested .
New AI programme at IIT-Mandi tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
The government-promoted National Asset Reconstruction Company (NARCL) has raised ₹670 crore equity from existing shareholders and is in the process of raising ₹3,200 crore debt to support its plan to acquire ₹1 lakh crore of stressed assets. However, the bond issuance has faced challenges due to pricing differences between existing shareholders and the NARCL board. The ARC aims to raise funds through a five-year bond and fund-based limits but is negotiating the coupon rate with shareholders.
Centre to provide capital support mostly to weak public sector banks : Rashtra News #Centre #provide #capital #support #weak #public #sector #banks Earlier this month, Punjab & Sind Bank got board approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government. Weak public sector lenders like Central Bank of