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IDBI Bank’s retail portfolio should always be above 55% but in any case, 60% will be preferable, says
IDBI Bank.
Now that you are out of the PCA framework, what kind of opportunities does it really open for you as a bank?
First of all, I am quite optimistic that coming out of the PCA framework will unlock many opportunities for us. It should be business as usual now. Now we would be able to do business as per the policies approved by the board. In the previous years, when we were also doing a little bit of development banking business, we were quite aggressive on infrastructure and power companies. Now we will be careful and take only selective business. So focus will continue to be on retail but it will help us improve our revenue which was declining over a period of time. Despite better performance and despite increase in operating profit, our efficiency ratios were not improving to that extent.
New 3t EnerMech joint venture secures vital work with UK Government and Mozambique’s oil and gas sector
17 Mar 2021
3t Energy Group and
EnerMech, has announced its first award, a significant contract with the UK Government, which will help to shape future training requirements for Mozambique’s growing oil and gas workforce.
The newly launched joint venture combines the expertise of integrated solutions specialist provider EnerMech and 3t Energy Group, which owns leading energy sector training organisations 3t Transform, Drilling Systems, Survivex and AIS Training. The alliance will deliver world-leading training and competency solutions encompassing a blend of traditional training, digital learning technologies and training compliance management platforms.
Date Time
Woman caught more than six times legal blood alcohol limit at Illawarra
A woman has been charged with high-range drink driving after allegedly being caught more than six times the legal limit in the Illawarra earlier today.
Shortly after 10am (Wednesday 17 March 2021), a Mazda 2 was travelling along First Avenue, South Warrawong, when it allegedly mounted the kerb and drove along the footpath, before hitting a tree.
Officers from the Southern Region Enforcement Squad attended a short time later and spoke with the driver, a 66-year-old woman.
She was subject to a roadside breath test which returned a positive result.
Expresso kicks off 4G in Senegal Monday, 01 March 2021 13:51
(Ecofin Agency) - Mobile operator Expresso Senegal, a subsidiary of Sudanese Sudatel, has finally received the green light of the telecom regulator to launch 4G, after several months of negotiations.
The agreement was signed last February 26, 2021, when a delegation of the Sudanese telecom group arrived in Senegal. Led by Magdi TAHA, CEO of Sudatel, the delegation was granted an audience by President Macky Sall himself.
“Thanks to a balanced electronic communications sector, the launch of 4G by Expresso Senegal is a great leap in the promotion of digital technology as a growth driver,” the regulator said.
UK: Scotland’s net zero infrastructure receives major boost
17 Mar 2021
Scotland has taken a step closer to its net zero carbon goals with the announcement of over £30m of UK Government funding for a suite of initiatives linked to the
Acorn carbon capture and storage (CCS) project.
The industry match funded initiative, called
Scotland’s Net Zero Infrastructure (SNZI) programme, brings together academic and industrial partners to develop a major package of work designed to progress a national low carbon infrastructure.
Source: Pale Blue Dot
They include:
The detailed engineering required to move the Acorn CCS and Hydrogen projects to a final investment decision