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Hans India
2 days ago
- Business
- Hans India
SBI storms into 70th year with balance sheet soaring to Rs 66 lakh crore
The State Bank of India (SBI), the nation's largest financial institution, is celebrating its 70th year of operations with a balance sheet that has soared to Rs 66 lakh crore and the number of its customers surging past a staggering 52 crore. Since its inception in 1955, SBI has evolved from supporting India's early development goals into a driving force of its digital and green economy. In order to play a lead role in India's renewable energy transition, SBI's Solar Rooftop Programme aims to solarise four million homes by FY2027, advancing India's Net Zero 2070 goals, according to an SBI statement. SBI also announced that as part of its continued focus on customer excellence, it is modernising its Trade Finance operations through digitalisation, standardisation, and centralisation. A new centre in Kolkata will serve branches across India, ensuring faster and efficient service. Globally, with 244 overseas offices in 55 countries, SBI has been ranked the 4th Most Trustworthy Bank Globally by Newsweek (2024) and Best Bank in India 2024 by Global Finance Magazine. A cornerstone of SBI's long-term vision is the expansion of its Project Finance & Structuring Strategic Business Unit (PF&S SBU), which plays a vital role in funding large-scale infrastructure and emerging sectors like renewable energy, e-mobility, data centres, semiconductors, green hydrogen, decarbonisation and smart infrastructure. Towards this end, SBI is setting up a Centre of Excellence which will serve as a guiding force on new age sectors and become an 'asset of national Importance', the SBI statement said. SBI drives financial inclusion through 151 million+ Jan Dhan accounts and an extensive correspondent network. The bank's agricultural lending exceeded Rs 3.5 lakh crore in FY25 -- the highest in the country -- supporting farm infrastructure, according to the statement. In FY2025, the Bank reinforced its social impact footprint by investing Rs 610.8 crore in CSR initiatives, reaching 94 Aspirational Districts. Its efforts spanned healthcare, education, rural development, and environmental sustainability. Digital innovation is central to SBI's strategy, with 98.2 per cent of transactions via digital platforms and over 8.8 crore YONO users. As a key digital offering for supporting MSMEs, SBI has also deployed its Business Rule Engine (BRE) to fast-track SME loans up to Rs 5 crore, enabling Straight Through Processing. By March 2025, over 93,900 loans worth Rs 47,789 crore had been sanctioned through BRE, the statement said. SBI is actively deploying Gen AI, Big Data, predictive analytics, and LLMs to personalise customer experiences. To modernise customer touchpoints, over 25,000 ATMs will be upgraded in FY2026. This is supported by the upcoming Data Lakehouse Project, delivering real-time AI insights across the Bank's operations, the statement added. SBI Chairman C.S. Setty said, 'As India steps into a new era of growth and opportunity, SBI is building the foundation for the future of banking -- one that is digital at its core, inclusive in its reach, and sustainable in its impact. To reiterate from our press release on 1st July 1955, our policy, as always, will be guided by the ideal -- to further the interests of our customers and those of the entire nation, now and in the years to come.'
Ottawa Citizen
23-06-2025
- General
- Ottawa Citizen
Kurl: 40 Years On, we owe it to the victims of the Air India bombing to remember
'The death of a beloved is an amputation' – C.S. Lewis Article content In the wake of grief, the ghost pain of amputation follows: the ache of knowing a love now gone. The daily, monthly, yearly reminders of existences obliterated. Article content Article content After 40 years, it is also an apt reflection of the ways in which Canada has — and hasn't — reckoned with the deadliest terrorist attack on its own people. Exactly four decades ago today, 280 Canadian citizens, including 54 children, were murdered. Twenty-eight of them were from Ottawa. They met their end in a plane whose journey originated in Vancouver B.C., then was ripped apart over the Atlantic Ocean by a deliberately placed bomb. The plane belonged to India. The vast majority of its 329 passengers were Canadians. But the events have never been fully owned by this country. Article content Article content We report and reflect, for a moment, at this time every year. Outside of June 23, however, an event that should be seared into national memory is generally mentioned only in passing, appended to news coverage of bungled CSIS and RCMP investigations, or to discussions about Canada-India relations. Article content The death of a beloved is an amputation, Lewis wrote. Except for the ghost pain of victims' families, it has been lost, forgotten. Article content A new Angus Reid Institute survey canvassing awareness and perceptions of the attack finds more than 80 per cent in this country unable to correctly identify the bombing as the single worst case of mass murder of Canadians in our history. One-in-three (32 per cent) say they've never heard of the incident. This rises to a stunning 54 per cent among those aged 18-to-34. Article content What can the victims' families possibly take from this lack of awareness among their fellow citizens? At a gathering in Hamilton last month, it was a topic of still-raw anger, and floods of tears. Relatives recalled facing uphill fights for support from municipal parks boards and councillors merely in an effort to place memorial plaques across the country, such as the one at Ottawa's Dow's Lake. For some, it struck a pervasive chord of revictimization. Having lost so much, they had to fight, for so little. Article content Article content Fifty per cent of the general population itself says the attacks were never treated as a Canadian tragedy; this can be nothing short of an indictment of our leaders, our educators and ourselves. Article content Article content There is danger in forgetting, or not knowing at all. We're living in an era of disinformation. Activists are believed when they say vaccines are more harmful than helpful to populations. Grifters like Alex Jones only admit his lie that the gun-killings of 20 elementary school children at Sandy Hook Elementary school was a 'hoax' when dragged into court. Article content The circumstances of Flight 182's bombing are also now subject to disinformation. Elected politicians who know better are unwilling to talk about the origins of the bombing. Veteran journalists who know the facts far better than those trying to rewrite history are reticent to deal with this, because they don't want to feed the conspiracies.
New York Post
16-06-2025
- Health
- New York Post
Parents cause teens to be anxious and depressed by making this one common mistake, experts warn
Don't be a worrying helicopter parent. A new poll revealed that most U.S. parents are wary of letting their teenagers venture out on their own — despite it possibly being detrimental to their personal growth and development. The team at the University of Michigan in Ann Arbor surveyed over 1,000 parents across the country with children ages 13 to 18, originally reported on by Science News. Advertisement The C.S. Mott Children's Hospital National Poll on Children's Health found that fewer than half of parents would allow their teen to stay alone in a hotel room while they stepped out for breakfast. Even fewer — about one-third — would permit their teen to walk alone to a nearby coffee shop, and only one in five parents said they'd be comfortable with their teen exploring an amusement park or museum solo. Not allowing your kid to have any independence will hurt their personal growth. Halfpoint – Advertisement More drastically, one in five parents say they have never allowed their teen to be away from them while on a trip. Experts say teens need opportunities to build confidence and independence. JackF – Experts have long warned that today's children are growing up with fewer chances for independent play and exploration. Advertisement Compared to previous generations, teens today are less likely to walk or bike to school alone or even hold part-time jobs, thanks to their paranoid parents. This drop in autonomy comes alongside a worrying rise in mental health issues among teens, including anxiety and depression. While some researchers caution against drawing direct connections between the mental health crisis and parents' protectiveness, others are more certain of the correlation. 'It's absolutely no surprise to me that we are seeing these dramatic rises in anxiety, depression, even suicide among teenagers,' Boston College psychologist Peter Gray told Science News. Advertisement However, he noted there's still hope. 'If we reach some families and just approach this upcoming summer a little differently, I feel like that's a big win,' Gray said. Experts suggest that allowing your child to give input on where you vacation and setting rules allows parents and teens to set boundaries that both are comfortable with. For example, most parents agreed that having teens check in by phone (64%), asking them to stay with friends or siblings (62%), and telling them to stay in agreed-upon locations (55%) would bring them comfort while allowing kids to find their independence
The Hindu
12-06-2025
- Politics
- The Hindu
Vacant teacher posts in primary, high schools a major issue in education sector in Yadgir
Vacant teacher posts in both primary and high schools are a major drawback for the education sector in Yadgir. The district has been facing a shortage of teachers for many years now in both government primary and high schools and the State government has to take immediate steps to fill vacant posts to improve results and remove the educationally backward district label attached to Yadgir. According to data provided by the Education Department for 2024-25, a total of 2,689 teacher posts are vacant in primary schools and 697 in high schools. The district has a total of 924 primary schools, of which 285 are in Shahapur, 348 in Surpur and 291 in Yadgir. There are 5,626 sanctioned posts, of which just 2,751 posts have been filled, while 2,683 remain vacant. The details of sanctioned posts, working posts and vacant posts in primary schools are as follows: 1,789 posts have been sanctioned for Shahapur, of which 858 are filled and 931 posts remain vacant. In Surpur, 2,097 posts are sanctioned, 953 posts filled and 1,144 posts are vacant. In Yadgir, 1,740 posts are sanctioned, 940 filled and 800 remain vacant. There are 141 high schools in the district. A total of 1,548 teacher posts are sanctioned, of which 852 posts are filled and 696 posts vacant. Of the 479 sanctioned posts for Shahapur, 262 posts have been filled and 217 posts remain vacant. In Surpur, 564 posts are sanctioned, 283 posts are filled and 281 posts remain vacant. In Yadgir, 505 posts are sanctioned, of which 307 posts are filled and 198 posts remain vacant. The district has been labelled the most backward in the education sector after no significant improvement was seen in SSLC results. 'Leaving teaching posts vacant at the primary level will automatically cause acute damage at the high school level. It is difficult to digest the district's poor performance every year,' Kannada activist Sharanu Gadduge said. The Education Department has now been forced to run classes with guest teachers. 'We have written to the department in detail about sanctioned, working and vacant teacher posts and requested it to take steps to recruit teachers. The government has to take the necessary steps,' Deputy Director of Public Instruction C.S. Mudhol told The Hindu.
Yahoo
10-06-2025
- Business
- Yahoo
Barclays Plans to Trim IB Workforce by More Than 200 to Reduce Costs
Barclays PLC BCS intends to reduce 3% of its workforce in the investment banking (IB) division in the upcoming days. This is part of CEO C.S. Venkatakrishnan's plan to boost the division's profitability. This was reported by Bloomberg, citing people familiar with the matter. More than 200 employees in IB, global markets and research will likely be affected. These would also include managing directors, among the most senior roles. These job cuts aim to expand the bank's capability to invest in priority areas, one of the people familiar with the matter stated. Barclays has been focused on gaining market share in European rates, equity derivatives and securitized product trading. During its investor update last year, the company stated that these efforts are anticipated to boost revenues by £500 million by IB, the company is aiming to grow its revenues from equity capital markets and mergers and acquisitions, with a specific focus on the health care, industrial, technology, and energy transition it is prioritizing growth in other areas, Barclays remains committed to its transatlantic IB model, despite ongoing investor pressure over the years.A Barclays spokesperson stated, 'Like other banks, we regularly assess our talent pool as part of our routine operations to ensure ongoing investment in key focus areas.' This move aligns with Barclays' ongoing efforts to improve efficiency through streamlining business operations and focusing on core April 2025, it announced a collaboration with Brookfield Asset Management Ltd. to transform its payment acceptance business. Further, in February 2025, it divested its Germany-based consumer finance business. In November 2024, the company acquired Tesco's retail banking business and changed its operating divisions effective in the first quarter of the past six months, Barclays shares have gained 36.3% compared with the industry's growth of 23.1%. Image Source: Zacks Investment Research Currently, BCS carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last week, a source familiar with the matter said that Citigroup C will cut about 3,500 jobs at two of its technology centers in China by the start of the fourth quarter of 2025. The reduction will take place at the China Citi Solution Centres in Shanghai and of the jobs that are being cut are full-time. Citigroup mentioned that some of the roles would be moved to its technology centers elsewhere without specifying the number of jobs or move is part of the bank's strategy to simplify and reduce its global technology operations to improve data after shutting its retail banking business in the United States in 2021, HSBC Holdings PLC HSBC is now set to close its business banking division in the country. This announcement comes amid the company's ongoing business simplification efforts and accelerated shift toward the Asia and Middle East regions. This was first reported by move will likely affect nearly 4,500 HSBC clients. The bank will aid the impacted clients in transitioning to a suitable alternative provider and will continue to serve some clients in the Mid-Market and Global Network Banking Business. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report Barclays PLC (BCS) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
