NBFC sector will do well

NBFC sector will do well

Rising interest rates and low liquidity are affecting the financial sector, but increased economic activity could mean more business volume for lenders. During the calendar year 2022, the liquidity in the banking system has increased from a surplus of 8 lakh crore rupees to 33,000 rupees. Crores have been lost. By the end of November, bank credit had grown by 17.5 percent year-on-year. Policy rates have increased to 2.25 percent. There are good prospects for the NBFC sector during the calendar year 2023. Their cost of funds is high compared to commercial banks and their lending practices are overall riskier. However, bank lending to NBFCs shows a strong trend and liquidity position in the sector is comfortable. Bank lending to NBFCs is up 16 per cent (7 per cent month-on-month) so far till October. Additionally, top-tier NBFCs charge Rs. Able to issue bonds up to Rs 30,000 crore.

CEO salary increased by 241 percent

The salaries of executives working in top positions like CEOs, managing directors of corporate companies are found to be 241 percent higher than the employees working under them. In the year 2018-19, it was 218 percent higher. It was 191 percent in 2019-20 and since then the percentage is continuously increasing. The highest paid officer in the country is the CEO of AU Finance Bank whose salary is 121 crores while the second highest paid officer is the CEO of a Mumbai company. The wonder is that every CEO is inspired by his staff and uses the staff's ideas and brains.

Planning for Noida International Airport

An idea is being considered to earn more from the Noida International Airport, which is being prepared at Jewar. Noida airport is being built like Zurich airport. It is believed that the airport will be ready by the end of 2024. The majority shares of Noida Airport are held by the Government of Uttar Pradesh. That is why he is creating an attractive airport by assigning work to agencies according to his idea. The airport spread over eight acres is being prepared on war footing.

Bollywood in a state of shame because of Avatar 2

The success of James Cameron's movie Avatar 2 in India has put Bollywood's stalwart filmmakers to shame. While the films of the big so-called creators of Bollywood gasp for a business of 50 crores, Avatar 2 has done a business of 193 crores in India in the first week itself. It was predicted that this film will do a business of 200 crores in the first week. This prediction has come true.

Avatar 2's first day collection was 41 crores. After breaking the record of 53 crores of Avengers-Endgame, everyone had doubts about whether Avatar will work, but Avatar has taken off later. Seeing that people are loving the movie, it seems that it will break the record of 373 crores of Endgame.

The most crowded metro in Dhaka

The metro train is going to start in Dhaka, Bangladesh, which is known as the most densely populated city in the world. Prime Minister Sheikh Hasina has laid its foundation last Wednesday. The project is known as Line-Six, starting with the Japanese fund. Government offices, hospitals etc. are located on this 20 km road. This new type of travel is here to stay for the people of Dhaka. Dhaka is so congested that it takes an hour to cover four kilometers in a vehicle. If you walk, you will arrive earlier. Metro is challenging in a congested city.

Muzaffarnagar in Uttar Pradesh

Plastic recycling goods are coming to Muzaffarnagar from America and it has now become a hub for plastic scrap. Those who find their favorite from this wreckage are also seen walking around with bags. Meanwhile, plastic waste has been banned. Banned plastic waste is coming 7000 miles from America and Canada. This plastic waste is labeled recycle. The Recycle logo is also affixed to each packet. Plastic is banned but recycled plastic is not banned. People find something useful for them too.

Frauds increased in banking sector but cost less

Compared to the year 2021-2022, bank scams have increased in the current year but the total amount is less. RBI has a positive attitude to learn from. The important job is to prevent fraud instead of misleading people by saying that they are of small amount. Last year there were 8,702 frauds in which 1.85 lakh crores were siphoned, while this year the frauds increased to 9,102 while the siphoned amount was 60,389 crores. Card and internet transaction fraud has increased.