Latest news with #Rs67
Hans India
a day ago
- Business
- Hans India
Banks sitting on `67K-cr unclaimed deposits
New Delhi: Unclaimed deposits with banks, including private lenders, stood at Rs67,003 crore at the end of June 2025, Parliament was informed on Monday. As of June 30, 2025, public-sector banks were saddled with unclaimed deposits of Rs58,330.26 crore, while private sector had Rs8,673.72 crore, as per the Reserve Bank of India (RBI). Of the public-sector banks, SBI is leading the pack with unclaimed deposits of Rs19,329.92 crore, followed by Punjab National Bank Rs6,910.67 crore and Canara Bank Rs6,278.14 crore, Minister of State (MoS) for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. Among the private sector banks, ICICI Bank has the highest unclaimed deposits of Rs2,063.45 crore, followed by HDFC Bank Rs1,609.56 crore and Axis Bank Rs1,360.16 crore, he said. To enhance accessibility and simplify the search process for unclaimed deposits, RBI has launched the Centralised Web Portal UDGAM (Unclaimed Deposits- Gateway to Access Information) for public. 'As on July 1, 2025, 8,59,683 users registered and accessed UDGAM portal. The said portal facilitates the registered users to search unclaimed deposits/ amounts across multiple banks at one place in a centralized manner,' he said. With regard to utilisation of unclaimed fund, RBI has stated that as per the provisions of The Depositor Education and Awareness Fund Scheme (Scheme), 2014, there shall be a committee to administer and manage the fund in accordance with the scheme, the minister said. The fund shall be utilised for promotion of depositors' interest and for such other purposes which may be necessary for promotion of depositors' interest, as specified by RBI. Replying to another question, Chaudhary said the government has no plans of launching Exchange Trade Funds (ETFs) for respective Virtual Digital Assets (VDAs) in order to integrate them into mainstream financial market. The Reserve Bank of India (RBI) has issued advisories warning users, holders, and traders of virtual currencies or crypto assets about the potential risks, including economic, financial, operational, legal, and security concerns, he said.
Time of India
13-07-2025
- Politics
- Time of India
Asia's tallest Murugan statue to be set up at Thindal temple
Erode: Ministers Sekar Babu and S Muthusamy on Sunday said Asia's tallest Murugan statue would be set up at the Murugan Temple at Thindal. "Benefactors are coming forward to finance the construction of the 186ft tall Murugan statue at Thindal. " Muthusamy said the statue would be made of cement. "The plinth will be 3.5ft tall and it will be made of black granite. The hill, where the statue will come up, is 50ft tall. Hence, the statue will look taller than its actual height. The infrastructure will be planned to accommodate five times the current number of devotees visiting the temple." Sekar Babu said the Dravidian model govt under the leadership of chief minister M K Stalin was committed to renovating temples. "During our governance so far, 3,325 temples, 125 of them Murugan temples, have been consecrated. By the end of this year, the number of temples consecrated is expected to reach 3,500." The HR&CE minister said 46 temples, including Thiruparankundram Arulmigu Subramania Swamy Temple, first in the line of six abodes of Murugan, would be consecrated on Monday. He said the govt had allocated a record subsidy of Rs1,120 crore to the Hindu Religious and Charitable Endowment (HR&CE) department since it assumed office. He said the Palani temple would get a facelift at a cost of Rs416 crore, while Tiruchendur temple would be renovated at a cost of Rs98 crore. Work on installing lifts at Marudhamalai and Swamimalai temples is currently in progress. He said the work on renovating Tiruchendur temple was likely to be completed by October. "Road work for Tiruttani temple and Siruvapuri temple is also underway at a cost of Rs67 crore and Rs57 crore, respectively."
Time of India
01-07-2025
- Time of India
Two held for stealing watches worth 67K
1 2 3 Pune: Chatushrungi police arrested two youngsters on Monday night for stealing watches worth Rs67,000 from a shop located in a mall in Aundh. The incident occurred around 11am on June 26. The theft came to light on June 30 when the shop officials reviewed the stock. On the same day, the shop officer, Umeshkumar Ganga (44) of Ambegaon, lodged a complaint with the police. The police studied the CCTV footage of the shop and the mall and subsequently arrested the duo. Senior inspector Ulhas Kadam of Chatushrungi police told TOI, "The duo stole a watch worth Rs50,000 and another watch worth Rs 17,000 after diverting the attention of the salesperson." You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "We arrested Rahul Memane (24) of Chandannagar and Aryan Ramesh Gupta (21) of Wadgaon Sheri," Kadam said, adding, "Both have a fancy for good watches and chose the mall located away from their homes to steal the watches." "Both belonged to good family backgrounds, and their parents work with different private companies in the city as executives," he said. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Time of India
23-06-2025
- General
- Time of India
Kolhapur district planning body okays 67cr to revamp zilla parishad schools
Kolhapur: The district planning and development (DPDC) council meeting of Kolhapur approved Rs67 crore for the first phase of revamping Zilla Parishad (ZP) schools under a special programme. The meeting of DPDC, the apex body for planning and spending of the funds for works, was held on Monday under the chair of district guardian minister Prakash Abitkar. For the development works proposed in 2024-25, the approval to spend nearly Rs 700 crore was given by the body, and works to be taken through the Rs 764 crore outlay for 2025-24 were discussed in the meeting. Abitkar said, "Most of the schools are as old as 80 years, and some are even 100 years old. ZP's programme is the first of its kind in the state. The ZP is going to make some funds available, and the funds will be raised through corporate social responsibility as well. Once the revamping of the ZP schools is done through this programme, a similar school development model will be implemented across the state." "A special programme has been undertaken by Kolhapur ZP-Samruddh and Adarsh schools for revamping 357 ZP-run schools from the district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 40세 미만이라면 이 매혹적인 게임을 하지 마세요 경복의 바다 게임 플레이 Undo The programme will be implemented in the next five years. For the first phase of work, we have approved Rs 67 crore. Along with the schools, we are going to strengthen the health infrastructure, for which Rs 32 crore have been allocated from DPDC," said Abitkar. The members of the DPDC suggested allocating land to grow cattle feed crops so that there is no shortage of fodder during the monsoon. Member of Parliament Dhairyasheel Mane suggested managing the discharge from the dams effectively when filled to 70% of the total capacity to avoid floods in the district.
Business Standard
09-06-2025
- Business
- Business Standard
Axis Max Life Declares Rs2,135 Cr. Participating Bonus for FY25; Reaffirms Commitment to Long-Term Value Creation
VMPL New Delhi [India], June 9: Axis Max Life Insurance Ltd. formerly known as Max Life Insurance Company Ltd ("Axis Max Life"/ "Company"), has announced a Participating (PAR) bonus of Rs2,135 Crore for eligible policyholders for FY24-25. This marks the Company's 23rd consecutive annual bonus and takes the cumulative bonus declared over the past 23 years to Rs15,847 Crore*. The declared bonus will enhance the corpus of more than 21 lakh eligible PAR policyholders, beginning July 2025. Axis Max Life continues to drive long-term value through a disciplined investment strategy and prudent fund management--reflected in the PAR Fund** growing from Rs67,722 Cr. in FY24 to Rs74,119 Cr. in FY25, a CAGR of ~19% over the past decade. Prashant Tripathy, CEO and Managing Director, Axis Max Life, said, "This year's bonus declaration reflects our steady commitment to delivering sustained value for policyholders through prudent and disciplined fund management. In a volatile macro environment, our PAR Fund has continued to demonstrate resilience driven by strong asset quality and consistent performance. With enhanced bonus options and built-in liquidity, we're enabling customers to navigate their evolving financial priorities with confidence and flexibility." Axis Max Life operates one of the largest PAR Fund among Indian private life insurers and remains one of the few companies offering customers the flexibility to choose from multiple bonus options--Cash Bonus, Accumulated Bonus, Paid-Up Additions (PUA), and Premium Offset--along with liquidity through partial withdrawals of bonuses without affecting the Basic Sum Assured. The Axis Max Life PAR Fund has delivered consistent debt returns in the 7.4%-8.4% range over the last five years, backed by the steady performance of its debt assets. Axis Max Life continues to strengthen its PAR product portfolio through innovative offerings like the Smart Wealth Income Plan, Smart Wealth Advantage Growth Par Plan, Whole Life Super, Monthly Income Advantage Plan, and Savings Advantage Plan combining liquidity, protection, and retirement benefits--expanding its reach across customer segments seeking both growth and stability. About Axis Max Life Insurance Limited ( Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited ("MFSL") and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr.
