'67 per cent of our transactions happen digitally and about 93 per cent of transactions happen outside the branch.' 'Despite that, there is ample scope for promoting banking-related activities in branches.' 'So, for some time, we will have to, probably, live with the same structure.'
We present our alphabet of 2020, pulling in everything you'll remember about this year we'd rather forget.
Modi's critics will say that he has put up cement and steel structures, but weakened the institutions of governance whereas Nehru strengthened them, observes T N Ninan.
The loss to Sri Lanka has left England's quarter-final chances hanging in the balance and reliant on them beating Bangladesh in Adelaide on March 9. A wash-out would end their hopes.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
The city police's cyber cell submitted its affidavit before the metropolitan magistrate in suburban Bandra opposing the bail pleas filed by the three accused in the case -- Vishal Kumar Jha, Shweta Singh and Mayank Rawat.
"Those who ruled for decades since Independence believed Dispur was too distant from Delhi. 'Dilli ab door nahi aapke darwaaze par hai' (Delhi is not far now, it stands at your doorstep," he told a massive gathering.
The much-awaited annual event of Kumbh Mela, one of the largest religious gatherings in the world, is slated to be even bigger and better in 2019. Although it is usually spread over a 20 km radius, the Kumbh Mela -- set to begin on January 15 and continue till March 4 -- will be sprawled across 45 km this year. Authorities are expecting approximately 100 million visitors to come for a holy dip at Sangam, the confluence of the Ganges, Yamuna, and mythical Saraswati Rivers. Ahead of the festival, preparations are under full swing to construct 22 temporary pontoon bridges.
India should take 'measured approach' with stimulus packages to deal with COVID-19 by limiting interventions to the provision of food, shelter and basic necessities of life for all; forbearance on payments of outstanding loans; and extra provision of working capital including what will be necessary to cover outstanding wages from lockdown period to enterprises.
One person was confirmed dead after a private boat heading to Majuli sank on Wednesday evening, following a head-on collision with a government-owned ferry near Nimati Ghat in Jorhat district.
England will be determined to get their act together against defending champions Sri Lanka.
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
India's appetite for imported crude oil may wane in fiscal year (FY) 2023 from record levels in pre-pandemic 2019-20 fiscal as higher oil prices, a spillover from the conflict in Ukraine, and increasing use of biofuels affect domestic demand for petroleum products. Brent crude surged to a nine-year high, shy of a July 2008 record $147.50 a barrel, before declining to around $100 a barrel - but the volatility in commodity rates will slow global economic growth and use of fuels. Demand for all oil products may grow at only 2-3 per cent in FY23, slower than the current fiscal and nearly half the 5.5 per cent growth estimated by the petroleum ministry, according to industry officials.
A large number of Koreans trace their ancestry to this legendary princess, who is known as Queen Heo Hwang-ok.
Patel, who headed the RBI from September 2016 till his sudden resignation in December 2018, says in his book thta the government seemed to lose enthusiasm for the new bankruptcy law in the middle of the year he left the central bank. Though Patel does not name anybody in the book, the mid-2018 period he refers to is the time when Piyush Goyal held temporary charge of the finance ministry between May and August.
Rediff.com brings you a selection of images of fans taking to the field of play to make a point or gain attention.
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
In the pitch dark of the African night, a herd of cape buffaloes gather at the watering hole for a drink, taking care to stay by the edge to avoid the crocodiles lurking in the depths. In Gangiova, a village in Romania, a doctor places her stethoscope to the chest of a newborn baby, listening intently for the beating of his tiny heart. These are just some of the moments that have been picked by the judges for the Sony World Photography Awards. For the 2017 competition, photographers entered 227,596 images across the awards' Professional, Open and Youth categories. The Open competition winner will receive $5,000 (Rs 3.3 lakh), Sony digital imaging equipment and flights and accommodation to the awards ceremony at Somerset House in London. Sony World Photography Awards has been kind enough to share some of their shortlisted pieces with us.
Snooping is one of the oldest peccadilloes of man, observes Ambassador M K Bhadrakumar.
The ministry said the country has a robust system of reporting deaths, including those caused by COVID-19, and the data is compiled regularly at different levels of governance, starting from the gram panchayat level to the district level and the state level.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
'In the first phase, you might allow 30 per cent of the workforce to come in and see how it goes,' says industrialist Harsh Goenka.
Barring stray incidents of violence like stone pelting, the shutdown called by the MVA allies Shiv Sena, the Congress and the Nationalist Congress Party was largely peaceful.
Navy chief Adm. Sunil Lanba said that by 2050, India will have 200 ships, 500 aircraft.
The bulk of the erosion in terms of value took place in India's most-valued firms. For instance, Mukesh Ambani-led Reliance Industries alone has lost Rs 3.8 trillion in m-cap, followed by HDFC Bank, which has seen its value erode by Rs 2.45 trillion and Tata Consultancy Services (TCS), which has lost Rs 1.85 trillion to stand at Rs 6.24 trillion, making it India's most-valued.
'There are large cohorts of students who cannot recognise the alphabet or numbers.' 'We are suggesting schools 'start early and end late'.'
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
The Congress had on Thursday targeted Modi for the presence of Punjab National Bank fraud accused jewellery designer Nirav Modi in an Indian business delegation at the World Economic Forum in Davos.
Kenya's Eliud Kipchoge got the better of compatriot and defending champion Wilson Kipsang in a fierce battle over the closing miles to win the London Marathon by five seconds on Sunday.
Germany's Angelique Kerber breezed past American Madison Keys in straight sets to enter the Australian Open semi-finals in Melbourne on Wednesday. The 2016 champion easily won 6-1, 6-2 in just 51 minutes.
'So far we have paid our salaries and pension in full because we had some reserve fund.' 'But we cannot afford to do so for more than another three months.'
'All political parties are reaching out to the family of the Hathras victim after the tragic incident. This engagement should not be limited to political interactions only. The political parties must also deliberate seriously that MLAs, MPs and ministers with criminal background should not reach the temple of democracy'
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
The PM blamed the UPA regime for the problems in the banking sector.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
'If you behave like a nail, the adversary will behave like a hammer.'
The resurgence of COVID-19 has dented but not debilitated economic activities in the first half of Q1 of the current fiscal even though caseload of infections is much higher than before, according to an RBI article. The ferocity of the second COVID-19 wave has overwhelmed India and the world, the article said, adding that war efforts have been mounted to stop the surge in its tracks. "The impact of the second wave on the real economy seems to be limited so far in comparison with the first wave. Evidently, the localised nature of lockdowns, better adaptation of people to work from home protocols, online delivery models, e-commerce and digital payments are at work," the article on the state of economy authored by RBI Deputy Governor M D Patra and other officials said.
'No action will be taken against Ajit Pawar. I am sure.'
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