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Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021, deposits up 13%

Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021, deposits up 13%

Finance
Private sector lender on Monday reported a 9 per cent increase in its gross advances to nearly Rs 1.35 lakh crore (Rs 1,34,876 crore) by the end of March 31, 2021. The bank's gross advances stood at Rs 1,24,153 crore by the end of March 2020. Federal Bank said the data is provisional and is being released in accordance with SEBI norms on Listing Obligations and Disclosure Requirements Regulations and Code of Practices and Procedures for fair disclosure of unpublished price sensitive information. The CASA (current account and savings account) deposits of the south-based lender witnessed a 26 per cent growth year on year at Rs 58,381 crore as of March 31, 2021, as against Rs 46,450 crore a year ago. Total deposits were up by 13 per cent at Rs 1,72,655 crore as against Rs 1,52,290 crore. Liq...
Columbus beats New England, advances to MLS Cup final

Columbus beats New England, advances to MLS Cup final

Sports
Dec. 7 (UPI) -- Brazilian midfielder Artur scored in the 59th minute of the 2020 MLS Cup Eastern Conference final to lead the Columbus Crew over the New England Revolution and into the title game for the third time in franchise history. The Crew face the Seattle Sounders or Minnesota United in the MLS Cup final at 8 p.m. EST on Saturday after the 1-0 win on Sunday in Columbus, Ohio. Advertisement "The job is not done," Crew manager Caleb Porter told reporters. "When we started this tournament, we wanted to make four steps. We have made three of the four. "I know the guys in that locker room are really happy to put the Eastern Conference championship trophy in the trophy case. That's what it is about, but there's a much bigger trophy, the MLS Cup trophy, that we have our eye on."[embedded ...
NASA advances plan to commercialize International Space Station

NASA advances plan to commercialize International Space Station

Science
Oct. 12 (UPI) -- The planned launch of a private commercial airlock to the International Space Station in November will accelerate NASA's plan to turn the International Space Station into a hub of private industry, space agency officials said. The commercialization plan also includes the launch of a private habitat and laboratory by 2024 and a project NASA Administrator Jim Bridenstine announced on Twitter in May in which actor Tom Cruise will film a movie in space. Advertisement The 20-year-old space station may even have a private citizen on board again for the first time in years in late 2021, according to Phil McAlister, NASA's director of commercial spaceflight. It's part of a plan to wean the space station off of NASA's public funding, which has been $ 3 billion to $ 4 billion per y...

Plan to import cheaper Canadian drugs advances under Trump

Health
WASHINGTON -- The Trump administration, eager to show progress on prescription drug costs, on Wednesday moved forward with its plan to allow Americans to safely and legally get access to lower-priced medicines from abroad. But patients are unlikely to see quick relief on prices, even in states such as Florida that are pursuing their own import plans. Meanwhile, major legislation to lower costs for seniors has gotten bogged down in a Congress consumed by the impeachment of President Donald Trump. Canadian officials have also raised questions, saying their country's prescription drug market is too small to have any real impact on U.S. prices. In Washington, U.S. health officials unveiled a proposed regulation that would allow states to import many brand name drugs from Canada, with ...
Advances in fintech are helping financial advisors. Here’s how

Advances in fintech are helping financial advisors. Here’s how

Finance
If some financial advisors seem to know clients' needs before they do, there's a good chance software is part of the reason.Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms. Yet at the same time, advisors have found that those digital advances have bolstered their ability to serve clients, both by freeing up their time and helping their businesses run more efficiently. "It allows us to better advise our clients, quite frankly," said Lisa Casciaro, a certified financial planner based in Sparta, New Jersey, and president of the state's Financial Planning Association chapter.skynesher | Getty Images "It's been good for advisors, but also for consumers," Casciaro said, adding that she has expanded her client base fro...