Punjab & Sind Bank
PSB grants approval for a training camp ahead of the SABA Championship in India.
The Pakistan Sports Board (PSB) has approved a training camp for the national basketball team to prepare for the upcoming South Asian Basketball Championship, scheduled to take place in India from April 2-6. The camp will be held at the Pakistan Sports Complex (PSC) in Islamabad from February 20th to April 1st, and will feature 16 athletes and two coaches. The players selected for the camp are Abdul Wahab, Kaleemullah, Junaid Amjad, Zain-ul-Hasan Khan, Hassan Ahmed, Samar Abbas, Rizwan Khursheed, Rameez Akbar, Umer Saleem, M Hammad, M Abdullah, Jibran Asif, Haroon Rasheed, and Farhan Qayyum, while M Riaz and Umer Mahmood will be the coaches. During the camp, the PSB will provide various facilities, including boarding and lodging, washing allowance, camp allowance for coaches, and daily allowance to the players. The training camp’s main objective is to prepare the national team for the upcoming tournament and to help them achieve success in the region.
MoneyMaster PSB launches cutting-edge banking technology
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MoneyMaster Payment Service Bank (MMPSB) has launched a new agent banking software that aims to advance financial inclusion and enhance its agency banking services. The software offers a range of unique features, including bill payments, instant reversal of failed transactions, payment for lottery and betting, customer balance checks, card linkage to POS, and transaction history from other channels.
The software has been integrated with MMPSB’s core banking platform to provide a seamless experience for agents, customers, and stakeholders. The goal is to provide a wide range of banking transactions from a single point, improving revenue streams for agents and enhancing the overall banking experience.
With this new software, MMPSB is ranked among the top financial institutions with cutting-edge technology for POS terminal operations. Having secured its payment service banking license, the bank was an early mover in championing USSD banking for the financially excluded. MMPSB later expanded its channels to include mobile banking and internet banking.
The bank is committed to promoting financial inclusion among the unbanked and underbanked population and supporting businesses with innovative, customer-centric solutions. As a result of the seamless payments on its platform, MMPSB was chosen by the Lagos State Government to serve as the official payment collector for the Phase 2 of the Ounje Eko Food Discount Market.
The launch of the new agent banking software is a significant milestone for MMPSB, demonstrating its commitment to leveraging technology to enhance financial inclusion and provide innovative solutions to its customers. With this software, MMPSB is poised to continue its mission to promote financial inclusion and support businesses in Nigeria.
Ofcom begins public feedback process for mandatory PSB prominence on TV platforms
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Ofcom, the UK’s communications regulator, has launched a consultation on the concept of Public Service Broadcasting (PSB) prominence. The consultation aims to gather feedback on the idea of making PSB content more visible on TV and online platforms, specifically on catch-up and on-demand services.
PSB content is provided by publicly funded UK broadcasters such as the BBC, ITV, Channel 4, and Channel 5, and is designed to promote public-service broadcasting values, including diversity, impartiality, and promoting social cohesion. The regulators believe that ensuring prominence for PSB content can help preserve the diversity of TV and online ecosystem, and support the public’s access to high-quality, trusted, and reliable information.
The consultation proposes three options for achieving prominence for PSB content on catch-up and on-demand services:
1. A “favourable treatment” for PSB content, where platforms may need to prioritize or prominently display PSB content in search results, recommendations, or on the home screen.
2. A “clear and concise” labelling system, which would require platforms to clearly identify PSB content and provide information about its public service value.
3. A “Audience Analytics” approach, which would track viewer engagement with PSB content and use this data to inform platform decisions on content promotion and prioritization.
Ofcom also seeks feedback on potential measures to address concerns about the impact on other content, such as independent production companies, and on the potential benefits and challenges of using AI-powered recommendation systems to promote PSB content.
The consultation will inform Ofcom’s future work on the issue and will close on 7 November 2022. The regulator will then review the feedback and publish a report outlining next steps. This development has significant implications for the UK’s media landscape, as it aims to ensure that public service broadcasting values are preserved in an increasingly fragmented and rapidly changing media environment.
Senior Citizens Can Now Earn Up to 9.5% Interest on Fixed Deposits Following the RBI’s 0.25% Rate Cut
The article discusses the current interest rates offered by various banks in India for fixed deposits (FDs) for senior citizens. Small finance banks are offering the highest FD interest rates, with Unity Small Finance Bank offering a rate of 9.5% per annum for a tenure of 1001 days. Other small finance banks, such as Suryoday Small Finance Bank and Utkarsh Small Finance Bank, are offering rates of 9.1% per annum for 5 years and 2-3 years, respectively.
Private sector banks, on the other hand, are offering FD interest rates ranging from 7.5% to 8.75% per annum. Bandhan Bank is offering the highest rate of 8.55% per annum for a 1-year term. Public sector banks, such as Punjab & Sind Bank and Bank of Maharashtra, are offering interest rates ranging from 7.75% to 7.95% per annum for senior citizens.
It is also important to note that beginning April 1, 2025, the tax deducted at source (TDS) on FD interest for senior citizens will be reduced. For senior citizens, TDS will only apply to interest income from savings accounts, fixed deposits, and recurring deposits if their total interest income exceeds Rs 1 lakh in a financial year. For the general public, TDS will still apply if the interest income from fixed deposits exceeds Rs 50,000 in a financial year.
Overall, it is crucial for individuals to compare the interest rates and other features of different banks before making an investment in a fixed deposit.
PSB achieves a new benchmark with 140 anti-doping tests, resulting in 13 athletes facing sanctions.
The Pakistan Sports Board (PSB) has conducted a record-breaking 140 anti-doping tests in 2022, a significant increase from previous years. The intensified anti-doping drive led to the detection of multiple violations across various sports disciplines, with 13 athletes testing positive for anabolic steroids. The athletes from weightlifting, bodybuilding, athletics (sprint, shot put, middle distance), and cycling have been handed bans ranging from two to four years, with further sanctions pending.
The sanctions issued include:
* Furqan Ahmad (Weightlifting) – 2-year ban
* Jamil Akhtar (Weightlifting) – 3-year ban
* Kashif Shah (Bodybuilding) – 4-year ban
* Natalia Khan (Cycling) – 3-year ban
* Anis Khan (Athletics/Sprint) – 3-year ban
* Muhammad Yousaf (Weightlifting) – 3-year ban
* Ghulam Hussnain Shahid (Weightlifting) – 4-year ban
* Arsalan Rauf (Weightlifting) – 3-year ban
Further sanctions are pending for the following athletes:
* Naveed Anjum (Athletics/Sprint)
* Malik Subhan Ali (Weightlifting)
* Mahnoor Dogar (Athletics/Shot Put)
* Rabeela Farooq (Athletics/Middle Distance)
* Hamad Ali (Weightlifting)
A PSB spokesperson emphasized the board’s zero-tolerance policy towards doping and its commitment to fair and clean competition, in line with World Anti-Doping Agency (WADA) guidelines. The PSB is also actively engaged in athlete education programs, raising awareness about the risks, health hazards, and career-threatening consequences of doping.
Seize the opportunity to maximize your returns by opening a fixed deposit account with interest rates of up to 9% before banks introduce downward rate adjustments.
The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, which will lead to a decrease in interest rates offered by banks on fixed deposits (FDs). Therefore, FD investors have a limited window to lock in higher interest rates before they decline. The good news is that some private and small finance banks are still offering competitive interest rates on FDs.
Private sector banks such as Axis Bank, Bank of Baroda, and IDFC First Bank offer FD interest rates ranging from 7.25% to 8.25% for various tenures. Small finance banks like NorthEast Small Finance Bank, Unity Small Finance Bank, and Utkarsh Small Finance Bank offer even higher interest rates, ranging from 8.5% to 9%. These rates are available for tenures between 18 months to 5 years.
Public sector banks, on the other hand, offer lower interest rates, ranging from 7.3% to 7.45% for tenures between 400 to 456 days. Punjab & Sind Bank and SBI offer the highest FD interest rate of 7.25%, while Bank of Baroda and Bank of India offer rates between 7.3% to 7.45%.
It’s likely that FD interest rates will continue to decline as banks adjust their rates in response to the reduced repo rate. Therefore, investors should consider locking in their FDs at current higher rates to maximize their returns.
Punjab and Sind Bank has announced the 2025 LBO notification, explore the details here!
Punjab & Sind Bank has announced the recruitment of Local Bank Officers (LBOs) in Junior Management Grade Scale I (JMGS I) for various states. This is a golden opportunity for candidates seeking a banking career in a reputed institution. The online application process has begun on February 7, 2025, and the last date to apply is February 28, 2025.
The bank has opened 110 vacancies across six states, including Arunachal Pradesh, Assam, Gujarat, Karnataka, Maharashtra, and Punjab. To be eligible, candidates must meet certain criteria, including holding a degree in any discipline from a recognized university, having a minimum of 18 months of experience in the Officer Cadre in a Public Sector Bank or Regional Rural Bank, and being between 20 and 30 years old as of February 1, 2025.
The selected candidates will be required to serve a probation period of six months and sign a service bond for three years with an amount equivalent to three months’ gross salary. Once selected, they will be appointed in the regular cadre and will not be eligible for inter-state transfers or postings in special branches for at least 12 years or until their promotion to SMGS-IV, whichever is earlier.
The selection process will consist of multiple stages, including a written test, screening process, personal interview, final merit list preparation, and a local language proficiency test (if required). The application fee for General, EWS, and OBC candidates is Rs. 850, while SC/ST/PWD candidates will have to pay Rs. 100. The fee is non-refundable.
To apply, candidates can visit the official website at punjabandsindbank.co.in, register, fill in their personal and educational details, upload required documents, pay the application fee, and submit the application form. The bank will select candidates based on their performance in the various stages of the selection process.
Here is a reworded version of the line:Notation of Interest: Join our team as a Medical Consultant at the Bank – View qualifications, salary, and other essential details here
Here is a summary of the Punjab and Sind Bank Recruitment 2025 for Bank’s Medical Consultant (BMC) position in 400 words:
The Punjab and Sind Bank (PSB) has issued a notification for the recruitment of Bank’s Medical Consultant (BMC) on a contractual basis. The selected candidates will work 08 hours a week and will be required to travel to various locations to conduct medical checks on staff members. To be eligible, candidates must have an M.D. in general medicine recognized by the Medical Council of India with at least 5 years of experience after passing M.D. or MBBS/BHMS having at least 7 years of experience after passing MBBS/BHMS.
The bank will consider an engagement period of 2 years, which can be extended by 2 years after each term if the performance is satisfactory. The selection process will involve scrutiny of applications, followed by an interview, and the final selection will be made on a contractual basis. Doctors empanelled with PSU/Banks at present or previously will be given preference by the bank.
The application process has been initiated, and interested and eligible candidates should submit their completed applications to the Zonal Manager, Punjab and Sind Bank, Zonal Office Gandhinagar, along with all supporting documentation, before the deadline of February 19, 2025. The application must be superscribed with the title “Application for engagement of Medical Consultant on contractual basis at Punjab and Sind Bank, Zonal Office Gandhinagar”.
The FAQs section provides answers to common queries such as the last date to apply, post name, and contract period. The bank will review the performance of the medical consultant before the expiration of the contract period and may extend it by 2 years after each term if found satisfactory. This is an excellent opportunity for medical professionals to work with a reputed bank on a contractual basis.
Indie stations sacrificed as Ofcom prioritizes PSB interestsLet me know if you’d like me to make any further changes!
The Producers’ Alliance for Cinema and Television (Pact) is expressing concern over Ofcom’s proposed changes to the Public Service Broadcaster’s Commissioning Codes of Practice. Pact argues that the changes could “extinguish the growth of the UK independent TV production sector,” which has grown from £1.5 billion to £3.8 billion since the Codes were introduced in 2003.
Pact is particularly concerned about Ofcom’s proposal to remove the prohibition on public service broadcasters (PSBs) seeking “matching rights” and to allow for bundled deals with production companies. The organization believes that this will give PSBs an unfair advantage in negotiations, leading to a loss of negotiating power for independent producers and potentially resulting in the “warehousing of rights with no value.”
Pact argues that Ofcom’s proposals will stifle competition and growth in the sector, contradicting the government’s ambition to grow the creative industries. The organization’s CEO, John McVay OBE, stated that Ofcom’s proposals will “take the indie sector back 20 years” and “undermine the successful business model used in the sector, particularly by SMEs.”
Pact is also worried that the changes will lead to a decline in the number of new entrants to the market, as well as a reduction in the number of productions made, ultimately resulting in a loss of diversity and innovation in the sector. Overall, Pact believes that Ofcom’s proposals will negatively impact not only the independent TV production sector but also the broader creative industries as a whole.
Ashok Leyland enters into a strategic partnership with ESAF Small Finance Bank to offer vehicle financing solutions.
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Ashok Leyland, India’s leading commercial vehicle manufacturer, has partnered with ESAF Small Finance Bank to offer customized financial solutions to its customers. The Memorandum of Understanding (MoU) was signed between the two companies to provide end-to-end financial solutions to Ashok Leyland’s customers. Under this partnership, ESAF Small Finance Bank will offer vehicle loans with convenient monthly repayment plans tailored to customers’ preferences.
The partnership aims to meet customers’ needs by providing comprehensive financing solutions. Ashok Leyland’s President- LCV, IO, PSB & Defence, Amandeep Singh, said that the company is committed to enhancing customers’ experiences and delivering greater value. The partnership will allow customers to access attractive financing solutions with easy repayment plans.
Viplav Shah, Head-LCV Business at Ashok Leyland, expressed delight at partnering with ESAF Small Finance Bank. He believes that the partnership will strengthen Ashok Leyland’s market position and provide innovative financing solutions to customers. The company’s light commercial vehicle business is committed to delivering exceptional experiences that exceed customer expectations.
George Oommen, Business Head- General Loans & Mobility Loans at ESAF Small Finance Bank, said that the partnership will enable commercial vehicle owners to access seamless financing solutions customized to their needs. The bank’s mission is to empower businesses and individuals with financial solutions that drive growth and prosperity. This partnership will help extend the bank’s commitment to financial inclusion by supporting commercial vehicle customers with accessible and customized financing options.
Ashok Leyland offers a range of trucks and buses to meet the full spectrum of commercial vehicle needs. The company is a pioneer in technological innovations within the truck and bus segment, and its vehicles ensure safe transport and driver-friendly options. The partnership with ESAF Small Finance Bank will enable the company to offer comprehensive financing solutions to its customers, promoting economic growth and community development.
Ofcom Proposes Modifications to Independent Productions by Public Service Broadcasters, Seeks Public Feedback
Ofcom, the UK’s communication regulator, has launched a consultation on proposed changes to the production of Public Service Broadcasting (PSB) content. The consultation aims to ensure that PSB broadcasters, such as the BBC, Channel 4, and ITV, continue to produce high-quality, diverse, and original content that reflects the needs and interests of UK audiences.
The proposed changes focus on three main areas: content quality, diversity, and plurality. First, Ofcom seeks to ensure that PSB content is of high quality, engaging, and relevant to UK audiences. They propose to improve the content’s production values, originality, and appeal, by setting clearer standards and benchmarks for PSB content.
Second, the regulator aims to boost the diversity of PSB content, by encouraging a more representative and inclusive portrayal of different cultures, regions, and communities. To achieve this, Ofcom proposes to support the development of diverse content and talent, and to promote the participation of underrepresented groups in the production of PSB content.
Third, the consultation seeks to increase the plurality of PSB, by promoting competition and innovation in the production of PSB content. This includes encouraging new players to enter the market, supporting the development of new formats and genres, and fostering collaboration between PSB broadcasters and other content producers.
To achieve these goals, Ofcom proposes several measures, including:
1. Introducing a new content fund to support the development of diverse and original content.
2. Setting clearer standards and benchmarks for PSB content, including targets for representation, diversity, and coverage.
3. Introducing a revised definition of public service broadcasting, to ensure that it remains a distinct and relevant concept for the 21st century.
4. Encouraging PSB broadcasters to collaborate with other content producers, and to explore new formats and genres.
5. Providing support for the development of new content producers, and for the training and development of diverse talent.
The consultation seeks views from stakeholders, including broadcasters, content producers, and the public, on the proposed changes. The regulator will use the feedback to inform its decisions and develop a new strategy for PSB content production, which will shape the future of UK public service broadcasting. The consultation is open until September 2023, and individuals can submit their views online.
FD Rates: Top banks are offering the highest returns on 400-day fixed deposits – find out where to invest your money for maximum yield.
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In India, fixed deposit (FD) interest rates vary across different banks, depending on the deposit amount, period, and age of the depositor. Private sector banks typically offer higher interest rates for shorter periods. This article highlights various FD schemes from public sector banks, private sector banks, and some individual banks.
Among public sector banks, the Central Bank of India offers the highest interest rate of 7.50% for FDs of 1111 and 3333 days. Punjab & Sind Bank and Bank of Maharashtra also offer high interest rates of 7.45% for 555 days and 366 days, respectively.
Among private sector banks, DCB Bank offers the highest interest rate of 8.05% for FDs of 19-20 months. RBL Bank and IndusInd Bank also offer competitive rates of 8% for 500 days and 7.99% for FDs of 1 year 5 months to 1 year 6 months, respectively. HDFC Bank, ICICI Bank, and YES Bank offer lower interest rates ranging from 7.40% to 7.75% for different periods.
State Bank of India (SBI) offers a maximum rate of 7.25% for 444 days under its Amrit Vrishti scheme. Other public sector banks, such as Bank of Baroda, Bank of India, and Union Bank of India, offer lower interest rates ranging from 6.50% to 7.30% for different periods.
In conclusion, fixed deposit rates in India vary widely depending on the bank, deposit period, and deposit amount. Individuals should research and compare the rates offered by different banks to choose the best FD scheme that suits their financial goals and needs.
PSB Insights appoints Frank as its new Chief Executive Officer.
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PSB Insights, a research and strategic consulting firm owned by WPP, has promoted Christopher Frank to CEO, succeeding Dave Gordon. Frank, who has over 25 years of research and leadership experience, was previously the Chief Client Officer at PSB Insights. He joined the firm just nine months ago and has been instrumental in shaping the company’s strategic direction.
Frank’s career spans over two decades, including stints at Accenture, Guideline, Microsoft, and American Express. He has also published articles in various publications, including the Harvard Business Review, Fast Company, and Forbes. Additionally, he has served as an Adjunct Professor at Columbia University since 2015.
Gordon, who spent three years as CEO, praised Frank’s impact on the company, stating that he has strengthened client relationships and driven key operational improvements. Dominic Grainger, WPP’s CEO of Specialist Communications, also commended Frank’s accomplishments, highlighting his thought leadership, experience at global iconic brands, and strategic ingenuity.
In his new role, Frank emphasized the company’s focus on understanding consumer choice to empower smart business decisions. He believes that his background in decision-making, combined with the company’s analytics team’s expertise in consumer choice, puts PSB Insights in a unique position to enable clients to make smarter decisions and drive commercial outcomes.
With over 100 employees, PSB Insights provides research-based consultancy to corporate, entertainment, and political clients to optimize their communications strategies. The company was acquired by WPP in 2001 and has since become a leading player in the research and consulting industry. Frank’s promotion to CEO is seen as a significant development for the company, and he is expected to lead PSB Insights to further success in the years to come.
Opening serves at the PSB Wilson Squash Classic in Peterborough, The Peterborough Examiner reports
The PSB Wilson Squash Classic, held in Peterborough, Ontario, brought together top squash players from around the world for a thrilling competition. The tournament, which ran from November 20 to 25, saw a total of 64 players competing in men’s and women’s singles, as well as doubles events.
One of the highlights of the tournament was the women’s draw, which saw some of the world’s top-ranked players battling it out. Canada’s top-ranked squash player, Samantha Cornett, dominated the competition, eventually taking home the title in the women’s singles event. Cornett’s impressive performance was marked by wins over several international opponents, including Australia’s Rachel Grinham and England’s Emily Whitlock.
In the men’s draw, Egypt’s Mostafa Asal emerged as the champion. Asal, who is ranked number 5 in the world, faced off against Canada’s Shawn Delierre in the finals. Despite facing stiff competition from Delierre, Asal came out on top, winning the match 11-9, 11-4, 11-3.
The tournament also featured several doubles events, with teams from around the world vying for top honors. The Canadian duo of Mike McCue and Andrew Snider took home the title in the men’s doubles event, while the team of Samantha Cornett and Hannah Mandoli emerged as champions in the women’s doubles competition.
The PSB Wilson Squash Classic was played at the Westmount Recreation and Arts Centre, which hosted all of the matches during the five-day tournament. The event attracted a large and enthusiastic crowd, with many spectators cheering on their favorite players.
Throughout the tournament, players praised the excellent organization and facilities provided by the organizers. The Westmount Recreation and Arts Centre, with its top-notch squash courts and amenities, proved to be an ideal location for the tournament.
The PSB Wilson Squash Classic served as a vital event on the Professional Squash Association (PSA) calendar, offering important ranking points to the players competing. The tournament also provided an opportunity for young squash players in the region to meet and watch some of the world’s best players in action.
Overall, the PSB Wilson Squash Classic was a huge success, featuring some of the world’s top squash talent and providing a thrilling competition for spectators.