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Financial services to add 47,800 new jobs in April-September FY20
“Despite the setbacks seen in NBFCs, the financial services sector has shown a positive outlook in terms of hiring. An important factor that has helped this sector grow is the penetration into the rural markets. The expansion will result in a surge of job opportunities in the tier-II and III cities,” TeamLease Services head of BFSI and government vertical Amit Vadera said.
Exams for company directors: Modi govt finds a way to stop corporate frauds
Independent directors on company boards will soon have to clear an exam before they can be appointed, said Injeti Srinivas, the top bureaucrat in charge of corporate affairs. The government is also seeking a ban on Deloitte Haskins & Sells saying it failed to warn of mounting risks at a major shadow lender, and the banking regulator suspended an EY affiliate this month after finding problems in one of its audits.
Over Rs 2.05 lakh crore frauds in 11 years: ICICI Bank, SBI and HDFC among top victims
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 were reported by the ICICI Bank involving Rs 5,033.81 crore.The state-run State Bank of India (SBI) reported 6,793 fraud cases involving Rs 23,734.74 crore followed by HDFC Banks which recorded 2,497 such cases involving Rs 1,200.79 crore, according to the data given by the central bank in response to an RTI query filed by this correspondent.
Severe cyclonic storm likely to hit Gujarat on June 12 night: IMD
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