The festive season has been good for banks. Consumption-led businesses have shown strong growth in this festive season. In the initial five months of the pandemic and during the nationwide lockdown, consumption had reduced. In an interaction with Hiral Thanawala of Moneycontrol, Sumit Bali, President and Head – Retail Lending & Payments, Axis Bank, who joined the bank during the pandemic, discusses how consumption-led demand has been picking up. As of September 2020, Axis bank had 80 per cent secured and 20 per cent un-secured loans. Home loan, loan against property and loan for passenger cars contributed up to 65 per cent in the half-year ended September 2020. … [Read more...] about Secured loan book back to pre-COVID levels: Axis Bank
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The I-Pace has received overwhelming praise ever since its launch from the global press, going on to win the World Car of The Year award in 2019 (along with the World Green Car of the Year award). In terms of design, the car is peak 2020 – it’s a cross between an SUV and a sports coupé, with the muscular wheel arches of the latter, and the raised ride height of the former. … [Read more...] about Jaguar I-Pace, the award-winning electric car, is open for bookings—what you need to know
IO: I think that’s vital, and I think it’s a good start. But we also have to make sure that we’re talking about why, because I think we flatten the conversation around white women as well. We flatten the conversation to: “White women are just as power-hungry and just as racist as white men,” end of story, instead of talking about what it means to anyone who can have proximity to white male power. I think that is a part of the conversation that’s often missing—to recognize the why. And I don’t think that’s necessarily something people of color have to do. We don’t owe white women an explanation as to why they do what they do. But I do think that we need to be open to the idea that there are light-skinned people of color doing the same thing; when we look at gender, there are Black men and Hispanic men sometimes doing the same thing. … [Read more...] about Ijeoma Oluo’s new book interrogates white male mediocrity
When a celebrity client becomes embroiled in a scandal, Michael Sitrick, a top crisis manager, is the one who gets the 3 a.m. call. The battle for a celebrity’s reputation will be fought in the media. And Sitrick’s phenomenal success is due to his clear-eyed understanding of how the media, his natural enemy, works. For our book The Art of Doing: How Superachievers Do What They Do and How They Do It So Well, Sitrick told us, “To be successful in my business you have to be able put yourself inside a reporter’s head to influence how he or she covers your client.” Recognizing whether a reporter is skeptical, idealistic, naïve, relentless, or all of the above is Sitrick’s job. “Journalists believe that their most important mission is to uncover the truth,” says Sitrick, “so if you can persuade them with facts, or steer them to where they can find the facts themselves, reporting will follow.” What we can learn from Sitrick is … [Read more...] about Think Like A Bug: Tips On Squashing The Competition From Charles Darwin, Steve Jobs, Madonna, And Other Successful People
However, the task is easier said than done. LIC being an insurer will also have to cross regulatory hurdles to pick up a majority stake in a bank. While LIC is a stakeholder in various banks, they are all minority holdings. As a new promoter, LIC is unlikely to add significant value to the management. Hence, while this is a better solution than a complete offer for sale by the government, it is still sub-optimal compared to a complete privatisation. … [Read more...] about Is a possible stake sale to LIC the best solution to IDBI’s problems?