CM’s condolences on hockey player’s demise
Chief Minister Hemant Soren has expressed grief over the death of veteran hockey player Balbir Singh, who was awarded the Padma Shri. The Chief Minister said that he was a hockey player and was an inspiration to the youth who have adopted hockey. “My humble tributes to the great hockey player and condolences to the bereaved family. May God give them the strength to bear the sorrow,” he said in his message.
Virtual fancy dress competition at SBPS
An Online Fancy Dress Competition was organized for the students of KG II to Std. II at Sarala Birla Public School, Ranchi. The students had to perform dressed up as either CORONA WARRIORS, or any STORYBOOK CHARACTER to retell stories. Students of these classes participated with great enthusiasm. Among KG II students, Arohi Jha (KG II A) bagged the First prize, Khushi Goyal (KG II A) bagged the Second prize, Swaroop Tripathy (KG II D) bagged the Third prize, whereas, Consolation prizes were bagged by Yati Jha (KG II A) and Mridul Anand (KG II C).
Rajnish Singh is District President
State chapter of the Akhil Bharatiya Kshtriya Mahasabha Trust in its executive committee meeting has decided to appoint Bholu Singh aka Rajnish Singh, as District President of Ranchi. Singh has been asked to form executive committee in 30 days. The appointment has been made for the period of one year.
Fino Payments Bank posts Q4 profit
Fino Payments Bank Limited (FPBL) has announced that it turned profitable at the operating level for the financial year 2019-20. This feat is achieved within three years of the bank starting operations in July 2017.
This makes FPB the only standalone profitable payments bank that works solely on RBI’s financial inclusion objective by improving banking access predominantly in rural India. Transactions have been the driving force behind Fino Payments Bank’s operating profit journey. In FY 19-20, FPB facilitated over Rs 1 lakh crore worth of transactions, doubling on the previous fiscal’s throughput. In terms of volume, transactions have almost doubled from 195 million in FY 18-19 to over 380 million in FY19-20.
Khatabook’s Rs 454 Crore Funding
Khatabook, the leading utility solutions provider which helps micro, small and medium-sized businesses record and track business transactions, has closed a Rs 454 Crore Series B round of funding co-led by B Capital Group and existing investors Sequoia India and DST Partners. The latest funding will allow Khatabook to ramp up its product and service offerings for India’s merchants, as the company takes a leap in building technology solutions around financial services and a large merchant-focused distribution platform.
Today, 35 lakh registered merchants across cities and towns in Eastern India use Khatabook to run their daily businesses.The app is most popular amongst merchants running grocery and general stores, mobile shops, automobile shops, and computer stores.