Business
PMC deposit holders to move courts against amalgamation plan
Victim deposit holders of Cooperative Bank of Punjab and Maharashtra have decided to take the case to court against the implementation of the final merger plan between PMC and Unity Small Finance Bank (SFB) approved by the government on Tuesday.
PMC Bank depositors led by Sahakar Bharati, the cooperative protection agency founded by RBI board member Satish Marathe, have decided to petition the Supreme Court against the scheme. In a press release on Wednesday, Sahakar Bharati argued that the merger was one-sided and unfair to savers.
It also urged the RBI and the government to review the scheme, which proposes instalment payments to all depositors over 10 years, zero interest payments on deposits for five years after March 31, 2021, and payments of up to 2.75 on unpaid deposits % interest after that.
“Sahakar Bharati will take the lead with PMC depositors/associations and will appeal to the Supreme Court to acknowledge the difficulties faced by PMC depositors due to long lock-up periods of at least 10 years and ridiculously low interest rates ranging from 1% to 2.75%,” News Draft title.
Instead, the agency requires all depositors to have a maximum lock-up period of five years and pay depositors a minimum 6% interest rate during that time. In addition, the Deposit Insurance Guarantee Corporation Scheme (DICGC) was launched to provide liquidity support for full repayment by banks.
It claimed that the stress on PMC Bank was not the usual bank failures, but cases of fraud.
Separately, the depositor group PMC Bank Account Holders Forum has decided to relocate the High Court. “This is our predicament, even after the final plan, it’s bad for retail depositors as well as institutional and long-term depositors. It’s totally against shareholders because it wipes out all equity. The whole plan benefits SFB because they Not only a license, but all of PMC Bank’s assets for charity,” said Dipika Sahani, PMC Bank Account Holders Forum Coordinator.
Complete News Source : MINT
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
Group Media Publications
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in
Vijay Deverakonda and Mrunal Thakur’s Family Star opens with a first-day box office collection of more than ₹5 crore in India.
Day 8 global box office earnings for the Kareena Kapoor, Tabu, and Kriti Sanon film reaches ₹90 crore
Fans are stunned when Nushrratt Bharuccha displays her enormous shoe collection in new images and videos. Observe
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
Benny Blanco and Selena Gomez have a “very serious” relationship; her friends and family adore him: Report
Why Vijay Deverakonda won’t collaborate with a first-time filmmaker is revealed: “I need them to be prepared to take advantage of me.”
The final trailer for Maidaan, which was released on Ajay Devgn’s birthday, establishes the mood for India’s crucial football match. Observe
Salman Khan served drinks to Ranbir Kapoor’s sister Riddhima’s wedding. This is the reason Rishi Kapoor chased him away.
The phrase “female-led projects” annoys Bhumi Pednekar. “It disgusts me deeply.”
.jpg "Sidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch")
Sidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch
.jpg "Kriti Kharbanda and Pulkit Samrat disappear from wedding celebration pictures. View the post")
Kriti Kharbanda and Pulkit Samrat disappear from wedding celebration pictures. View the post
Rasha, the daughter of Raveena Tandon, discusses how trolling affects her: “I think in processing it, feeling bad for a bit.”
%20(1).jpg "A glimpse of Varun Tej and Lavanya Tripathi’s romantic walk at twilight is shared. View photos")
A glimpse of Varun Tej and Lavanya Tripathi’s romantic walk at twilight is shared. View photos
%20(1).jpg "Fighter OTT: The third-most-watched non-English movie on Netflix worldwide stars Deepika Padukone and Hrithik Roshan.")
Fighter OTT: The third-most-watched non-English movie on Netflix worldwide stars Deepika Padukone and Hrithik Roshan.
%20(1).jpg "Family Star teaser: Mrunal Thakur and Vijay Deverakonda struggle with miscommunication and love")
Family Star teaser: Mrunal Thakur and Vijay Deverakonda struggle with miscommunication and love
.jpg "Reacting to Alan Walker’s congratulations on the birth of his son Akaay with Anushka Sharma, Virat Kohli")
Reacting to Alan Walker’s congratulations on the birth of his son Akaay with Anushka Sharma, Virat Kohli
.jpg "James Bond job offered to Aaron Taylor-Johnson, who will take Daniel Craig’s spot")
James Bond job offered to Aaron Taylor-Johnson, who will take Daniel Craig’s spot
%20(1).jpg "Aditi Rao Hydari makes it clear that she is not married to Siddharth; instead, the couple displays rings.")
Aditi Rao Hydari makes it clear that she is not married to Siddharth; instead, the couple displays rings.
Udd Jaa Kaale Kaava | Gadar 2 | Sunny Deol, Ameesha |
“AIR Movie Review: A Riveting Tale of Survival and Intrigue”
A Story About Madan Mohan
A Story About Laxmi Kant Pyarelal , The Legendry Musicians
Exclusive Interview of Taruna Tanwar and Amit Tanwar
BKU अध्यक्ष नरेश टिकैत ने किया है बड़ा ऐलान, चुनाव में किस पार्टी को करेंगे सपोर्ट?
बीजेपी जल्द जारी करेगी बाटी गई टिकट की लिस्ट
उत्तर प्रदेश का चुनावी शतरंज 13 January 2022
उत्तर प्रदेश का चुनावी शतरंज। चुनाव के लिए पार्टियों के बनते – बिगड़ते समीकरण
-
Bollywood1 month agoAishwarya Rai maintains her stunning appearance in a new L’Oreal ad.
-
health and remedies1 month agoThe article discusses the potential health risks associated with swallowing dry ice
-
Entertainment2 months agoThe Anant Ambani-Radhika Merchant pre-wedding bash in Jamnagar has received a list of guests.
-
Music4 weeks ago
Sidhu Moosewala’s father and baby brother feature on Times Square billboard; fans react. Watch
-
Trending2 months agoDolly Chaiwala: “Didn’t Know Who He Was” in reference to giving Bill Gates tea
-
Trending2 months agoOppo Reno 12 Pro Key Features Leak Online: Expected to Receive a 1.5K Display with a Density 9200+ SoC
-
Bollywood1 month agoFor this explosive advertisement, Aamir Khan and Darsheel Safary reconnect 16 years after Taare Zameen Par
-
.jpg "Ori, Gal Gadot’s fourth daughter, is welcomed into the world. “Being pregnant wasn’t easy,”")
Hollywood1 month agoOri, Gal Gadot’s fourth daughter, is welcomed into the world. “Being pregnant wasn’t easy,”