Daily Monitor
Monday May 03 2021
Increasing loan losses will be a key aspect that is expected to be examined amid rising customers’ inability to repay loans. PHOTO |FILE
Summary
According to data compiled from different commercial banks’ financial results, provisioning for bad loans and loan losses, which is an accounting requirement, grew to a combined Shs364.7b compared to Shs215.5b in the same period in 2019.
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Provisions for loan losses grew exponentially in the period ended December 2020, increasing by Shs149.1b, according to financial results released by different commercial banks.
This was the highest growth in over years, signaling a difficult period for the banking sector and borrowers, whose capacity to repay loans was highly impacted by Covid-19.
Soldier based at Fort Sam found dead in his San Antonio home
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Traffic exits Fort Sam Houston at the New Braunfels Avenue gate at Grayson Street.Billy Calzada /San Antonio Express-News
The Army said Monday that a soldier assigned to Joint Base San Antonio-Fort Sam Houston was found dead at his home off post over the weekend.
Spc. Jerald Offer, 24, a combat medic assigned to the U.S. Army Medical Center of Excellence on Fort Sam, was found unresponsive Saturday morning at his home in San Antonio.
“The entire leadership chain is focused on providing support and assistance to Jerald’s family during this difficult time,” said Maj. Gen. Dennis LeMaster, the center’s commander, according to a news release.
Acknowledging ERISA-covered plans hold “millions of dollars or more in assets and maintain personal data on participants,” EBSA’s guidance lists a range of best practices for use by plan recordkeepers and service providers responsible for plan-related IT systems and data, as well as plan fiduciaries having the duty to make prudent decisions when evaluating and selecting plan service providers. Some of the EBSA’s best practices include:
Maintain a formal, well documented cybersecurity program.
Conduct prudent annual risk assessments.
Implement a reliable annual third-party audit of security controls.
Follow strong access control procedures.
Ensure that any assets or data stored in a cloud or managed by a third-party service provider are subject to appropriate security reviews and independent security assessments.
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Rejecting Aaj Tak channel s review petition, the News Broadcasting Standards Authority (NBSA) has asked Hindi news channel Aaj Tak to air an apology on April 23 at 8PM for its misreporting in relation to the death of film actor Sushant Singh Rajput.
The NBSA affirmed its earlier order passed on October 6 last year in which it was found that the channel had violating broadcasting norms by erroneously reporting certain tweets as the final words of Sushant Singh Rajput.
The authority has requested Aaj Tak to air an apology onon 23.4.2021, at 8.00 pm, the following text (static), on full screen in large font size with voice over (in slow speed) :