Neeraj Chopra spoke a bit about his hopes from the next season, his love for all things Swiss and the eager traveller in him who doesn't mind giving in to occasionally unplanned wanderlust.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
While Jannik Sinner and French Open champion Carlos Alcaraz have won the last seven major titles between them, the Italian cautioned against complacency and pointed to the strength of competition in the ATP Tour.
The Reserve Bank of India (RBI), in its second draft guidelines on banks' recovery agents, said, "If a customer has filed a complaint, the bank should not forward the case to recovery agents till it has disposed the complaint. However, in cases where the bank has appropriate proof that the borrower is making frivolous/vexatious complaints, it may continue with the recovery proceedings despite the pending complaint."
Plagued by complaints against the high-handedness of private loan recovery agents, State Bank of India is looking to directly hire 3,000 marketing and recovery officers whose job profile would include "soft recovery" of loans. These officers, vacancies for which were notified on October 1 and advertised in newspapers on Wednesday, would also market the bank's products, conduct pre-sanction survey, file applications, verify papers and soft recovery.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
Jasbir Singh, a resident of Village Mahlan in Rupnagar district, who operates a YouTube channel 'Jaan Mahal', was found to be associated with a Pakistani Intelligence Operative (PIO), Punjab Director General of Police Gaurav Yadav said.
Instructions have been issued to circles to ensure timely issue of telephone bills and to effect disconnection of telephones for non-payment promptly. The company has fixed a 35-day deadline for disconnection due to non-payment of bills, the reply said. Hitherto, banks and credit card companies were among the chief patrons of recovery agents, whose more often than not high-handed methods of recovering dues came for flak from the Reserve Bank of India last year.
'With a very stable technology with limited functionalities, a large network has spanned out.'
In one video, apparently of the attack, a shirtless man holding clear bottles in his hands is seen pacing as the grass in front of him burns.
Banks may have to spend up to Rs 800 crore (Rs 8 billion) in training close to one million employees to comply with the Reserve Bank of India's proposed loan recovery norms. RBI has proposed that banks should tie up with the Indian Institute of Banking and Finance (IIBF) or organise programmes in their own training colleges to ensure that every agent passes the exam conducted by IIBF during a one-year period. 'Agents' would include agencies as well as bank employees.
According to the police, the two delivery agents -- Aman and Gurpal Singh -- of online grocery store Blinkit were physically assaulted by a customer when they went to deliver a grocery order at his house.
The Delhi State Consumer Commission has imposed a penalty of Rs 10 lakh on Standard Chartered Bank for harassing and threatening an advocate with the help of 'muscle men'
Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.
'Our AI strategy -- AI in Everything, Everything for AI, and AI for Everyone -- is now in action.'
Among the 11 equity sub-categories, thematic funds received the highest net inflows at Rs 9,017 crore, followed by smallcap funds at Rs 5,721 crore and flexicap funds at Rs 5,698 crore.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
Do you think the 100-hour training and certificate course made mandatory by RBI for debt recovery agents sensitise them to the rights of borrowers? Will they stop using intimidating tactics to recover dues from defaulters? Will it lead to better debt collection practices? Tell us.
Special agents, as the detectives are called by their employers, do not bully defaulters as recovery agents do, but use sleuthing skills to shadow subjects and help lenders nab them. Many big defaulters have been traced till now and lakhs of rupees recovered using services of detectives, says a bank official.
In several raids conducted across New Delhi, the district police in East Delhi have recovered more than 200 stolen motorcycles. Investigations into the recovered vehicles have revealed that most of them were taken away by recovery agents employed by banks. And this is clearly against the Supreme Court guidelines.
The actor returns to what he does best: act as a bhai.
RBI Governor Shaktikanta Das on Friday said the entry of big tech firms into the financial sector poses systemic concerns like overleveraging at the borrowers' ends.
Earlier, in view of the alleged harassment of customers by ICICI Bank's recovery agents and the judgement of the Supreme Court, the bank was advised by RBI in August to investigate and take action against the recovery agents involved. The bank was also advised to look into the system of appointing and reviewing performance of recovery agents and undertake comprehensive review of customer complaints at the highest levels.
SBI Life Insurance reported a weak performance in Q2FY25. The annual premium equivalent or APE grew 3 per cent year-on-year (Y-o-Y) to Rs 5,390 crore. For the first half of financial year 2025 (H1FY25), it grew 9 per cent Y-o-Y to Rs 9,030 crore.
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker. The earnings momentum looks set to continue. Good fund performances have thus led to AMC earnings upgrades although valuations are high. Recent market performance and net flow trends have led to earnings upgrades by between 3-8 per cent for FY25-27.
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
Infosys Ltd on Thursday reported a 4.7 per cent rise in the September quarter net profit and raised revenue guidance after broadbased growth. Net profit of Rs 6,506 crore in July-September was up 4.7 per cent when compared to Rs 6,212 crore earnings in the same period last year. It was 2.2 per cent higher quarter-on-year, according to a company statement.
Thomas Matthew Cooks was planted on the roof of a manufacturing plant located over 130 yards away from the stage at Butler Farm Show grounds, the New York Post reported, citing sources.
In his letter to Sitharaman, Venugopal said media reports have exposed the alleged "quid-pro-quo between BJP and several firms, which in a strange coincidence donated to it, after the Enforcement Directorate (ED), Income Tax Department (IT) and Central Bureau of Investigation (CBI) and others, raided or searched those enterprises".
'Both campuses and talent should brace for a low-velocity campus hiring season that might extend into the off-campus period.'
Images from the US Open men's singles second round matches, at Flushing Meadows, New York, on Thursday.
The mood at the Hotel Investment Conference South Asia (HICSA), the annual hospitality industry conference was rather upbeat. But hotel brand operators and owners remain cautiously optimistic of the outlook and are living on a hope that a third wave of the pandemic doesn't become a reality. Having just survived the unprecedented zero revenue situation, the two day confrence organised by consulting firm Hotelivate, was dotted with anecdotes and best practices adopted by the hotels of all hues.
Companies don't have to be in the field to nudge people to return money they owe lenders.
Amid the displeasure expressed by the regulators and judiciary on high-handedness of agents hired by banks to recover loans, the country's biggest lender -- State Bank of India -- is planning to hire 3,000 marketing and recovery officers in its second such recruitment drive in less than a year.
United's leading goal-scorer suffered knee ligament damage during the 2-1 Europa League quarter-final win over Anderlecht last month and has been ruled out for the rest of the season.
A likely loan default is not the end of the world. Here are your options.
According to a senior company official, BSNL is in the process of appointing recovery agents on a commission basis to bring back the money.
'Rather than visiting famous monuments, travellers now prefer "experiential activities" such as biking, trekking/hiking, camping, river rafting, yachting, parasailing and zip lining; safaris and jungle adventures; and wellness holidays to rejuvenate themselves.'
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