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Telugu Identity to Disappear from Country's Banking Sector

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Telugu Identity to Disappear from Country's Banking Sector Follow us on: RNI No. TELENG/2018/76469 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From ANALYSIS 9 HYDERABAD 11 SPORTS 16 HYDERABAD DELHI LUCKNOW NATION FIRST, VIVA FOOTBALL GAUFF BOOKS BHOPAL RAIPUR CHANDIGARH NOT JINGOISM FANS! OSAKA DATE BHUBANESWAR RANCHI DEHRADUN VIJAYAWADA *LATE CITY VOL. 1 ISSUE 328 HYDERABAD, SATURDAY AUGUST 31, 2019; PAGES 16 `3 *Air Surcharge Extra if Applicable SAAHO REVIEW: ‘BAAHUBALI’ COMES DOWN CRASHING { Page 13 } www.dailypioneer.com GANESH IDOLS ANDHRA BANK GOES THE SBH WAY …. GREAT RECESSION HC asks PCB to book cases for GDP growth drops using plastic Telugu identity to disappear wrappings to 5%, at 6-year low HYDERABAD: The PNS n NEW DELHI Telangana High Court on Friday asked the Greater from country’s banking sector The Gross Domestic Product Hyderabad Municipal (GDP) growth for the first Corporation to file a report In April 2017, when the State Bank of Hyderabad was merged with the State Bank of India, Telangana lost the soul of its quarter of the financial year revealing its strategy to curb 2019-20 dropped to five per the use of plastic wrappings core business entities as SBH was the state's oldest bank. Now, the amalgamation of Andhra Bank with the Union Bank cent, a sharp decline of 0.8 per around Ganesh idols during of India and the Corporation Bank would deal a death blow to the vestige of Telugu identity in the banking sector and the cent points compared to the the upcoming Ganesh festi- linguistic affinity that people have for a bank whose origins lay in the freedom movement last quarter that ended in val celebrations. It also asked March. The current GDP the Telangana State Pollution L VENKAT RAM REDDY numbers are the worst in the Not much of an n Control Board (TSPCB) to HYDERABAD last seven years. economist myself, but file cases against all the vio- The GDP at Constant lators of Plastic Waste For records, the amalgamation Govt announces (2011-12) Prices in Q1 of the news of GDP Management Rules, 2016 in of the Union Bank of India, 2019-20 is estimated at Rs growth the city and submit a detailed Andhra Bank and the 35.85 lakh crore, as against dropping to report on the issue. Corporation Bank sounds mega merger of PSBs Rs 34.14 lakh crore in Q1 5% in Q1, down The Court passed the good as it would create India's of 2018-19, showing a from 5.8% orders while dealing with fifth largest PSB with Rs 14.6 PNS n NEW DELHI growth rate of 5.0 per cent, public interest litigation (PIL) lakh crore business and the news agency ANI reported. (worst in 5 years) plea filed by one YV Murali fourth largest branch network. In the biggest consolidation The financial year 2018-19 is most certainly Krishna, resident of Srinivasa Still, the invaluable intangi- exercise in the banking space, ended with an overall Gross troubling Wonder if Union Colony of LB Nagar from the bles lost in the process, partic- the government on Friday Domestic Product (GDP) Govt has solutions /answers city. A division bench, com- ularly the linguistic affinity announced four major merg- growth rate of 6.8 per cent, prising the Chief Justice of that people had for Andhra ers of public sector banks, which was marginally lower /ideas to make sure this the State Justice RS Chouhan Bank, not just for its name of bringing down their total compared to the year before. doesn't go on to become a and Justice A. Abhishek Telugu descent but also its last- number to 12 from 27 in The growth rate for the fourth full blown recession. Reddy, later adjourned the mile connectivity across the 2017, a move aimed at mak- quarter of FY 2018-19 Thoughts anyone? matter till September 7, 2019. two Telugu states with unique ing state-owned lenders glob- (January to March) stood at — KTR Continued on Page 3 systems designed to relate to the al sized banks. 5.8 per cent. TRS working president local people, cannot ever be United Bank of India and Nirmala Sitharaman The new GDP growth num- replaced by the larger entity that Oriental Bank of Commerce bers come at a time when the has taken shape. For instance, their fingerprints in the bank Sitaramayya. Sitaramayya will be merged with Punjab merged with Canara Bank, Indian economy is going consumption in the domestic Prin Secy to Andhra Bank pioneered in database. founded Andhra Bank in National Bank, making the while Allahabad Bank will be through a downturn, which market, particularly rural launching mobile biometric The new amalgamated PSB, Machilipatnam. It was regis- proposed entity the second amalgamated with Indian has particularly hit the auto, areas, and a decline in pur- PM Misra ATMs, which offers conve- granting commitment, cannot tered on 20th November 1923 largest public sector bank Bank. manufacturing and real estate chasing power. nience to illiterate and unedu- do justice to the Telugu iden- and the bank commenced (PSB). Similarly, Andhra Bank sectors. The economic situation has cated customers. These ATMs tity that was intertwined with business on 28th November Making the announce- and Corporation Bank will Some of the factors behind got complicated in the view of wants to leave stop at predestinated sites and Andhra Bank, which was 1923 with a paid-up capital of ments, Finance Minister be consolidated with Union the slowdown are an uncertain banks refusing to lower lend- NEW DELHI: Prime the customers, instead of enter- founded by freedom-fighter Rs 1.00 lakh and an authorised Nirmala Sitharaman said Bank of India. world economy due to the US- ing rates and adopting a cir- Minister Narendra Modi's ing their personal identification and multi-faceted genius Dr. capital of Rs 10.00 lakh. Syndicate Bank will be Continued on Page 4 China trade war and Brexit cumspect approach in extend- Principal Secretary, number (PIN), have to match Bhogaraju Pattabhi Continued on Page 4 concerns, a substantial drop in ing credit to industry. Nripendra Misra, has expressed his intention to be relieved of Non-bailable Missing techie found murdered at KPHB his duties, the government said on Friday. PNS n HYDERABAD Police then broke a Hemanth's involvement in the Modi has asked him to con- warrant issued murder. tinue for two weeks, princi- A software engineer, reported window and noticed the "Based on their suspicion, pal government spokesper- 'missing' by his wife two days body of Satish lying on the officials went to Hemanth's son Sitanshu Kar said. against Renuka ago, was found murdered at the floor. Satish's body was house at KPHB 7th phase only Former cabinet secretary P K house of his friend at found with a slit throat, to find the house locked and Sinha has been appointed as PNS n HYDERABAD Kukatpally Housing Board stab injuries all over and foul smell emanating from Rahul targets officer on special duty by the (KPHB) Colony here on within. Officials then broke a Prime Minister, he said. A court in Telangana on Friday. wrapped up in a large window and noticed the body Modi over not Misra has been with Modi in Friday issued a non-bailable The deceased was identified plastic cover M Satish Babu of Satish lying on the floor. the PMO since 2014. warrant against senior as 35-year-old M Satish Babu. Satish's body was found with a Congress leader and former He was married to Prashanti. slit throat, stab injuries all visiting Kerala Union Minister Renuka Satish had started an IT con- According to the police, During investigations, police over and wrapped up in a large PNS n NEW DELHI Chowdhury. sultancy, Slate, where the prime Prashanti had filed a missing learnt that Satish had gone to plastic cover," said S Laxmi CBDT notifies The Second Additional First suspect, Hemanth, his friend, complaint with the KPHB Hemanth's house. Sources said Narayana, Inspector of Police, Congress leader Rahul Class Judicial Magistrate`s had joined and was working police as her husband did not that Prashanti and some of KPHB Colony Police Station. Gandhi on Friday criticised special cell Court in Khammam district with him. return home on Wednesday. Satish's friends suspected Continued on Page 4 Prime Minister Narendra issued the warrant as she had Modi for not visiting flood- not been attending the court Renuka Chowdhur hit areas in Kerala and said for startups proceedings in connection the state was awaiting a relief NEW DELHI: The CBDT on with a four-year-old cheating ceedings and had even alleged- National labs’ package. Friday notified creation of a case against her. ly refused to receive the sum- Google reveals some sites His criticism came through five-member special cell to It is alleged that the mons, the court issued a non- directory a tweet as Modi said that address the grievances of Congress leader took money bailable warrant against her. Kerala was "special" to him startups with relation to angel from an aspirant for the Renuka Chowdhury lost to secretly hacking iPhones for yrs and he visited Guruvayur Sri tax and other tax-related Telangana Assembly elections TRS from the Khammam Lok goes online Krishna Temple in the state issues. An order issued by the ticket in 2014, but did not Sabha seat in the General PNS n NEW DELHI AGENCIES n CALIFORNIA The hackers had access after winning his second Central Board of Direct Taxes return the money after failing Election in May. term. (CBDT) said the 'Startup to get him the ticket.
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