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VB Chandrasekhar commits suicide

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Chennai: Former Indian opener VB Chandrasekhar commits suicide on Thursday evening at his residence at Mylapore. His body was found hanging from the ceiling fan in his bedroom on the first floor.  The body, recovered after breaking open the door, had been shifted to the Royapettah Government Hospital for autopsy.

Family sources said Chandrasekhar who went up to his room upstairs in the evening after having tea with others in the house, did not turn up for long and when they knocked at the door, it was locked from inside. When he did not open the door for a long time his wife peeped from the window and found him hanging from the ceiling fan. There was no suicide note found in the room.

Her Wife and the reports claim that he was suffering from mental pressure due to the losses he was getting in the cricket company. He was very depressed over financial losses incurred on account of running the VB Kanchi Veerans, a team in the Tamil Nadu Premier League, modeled on the line of the IPL. The former cricketer was also running a cricket coaching center in the city.

“He was in neck deep debt, having invested Rs 3 crore in the TNPL team, VB Kanchi Veerans. He had even pledged his house as a surety and recently, the bank had issued a notice for recovery and he was depressed since then,” an investigating official said. He was friends with the cricket legend Rahul Dravid.

VB represented India in 7 ODI’s and was known for his attacking style of cricket. He was also a member of Tamil Nadu’s Ranji team which won the title in 1987. He achieved many feats in Cricket and his love for cricket could be seen by the franchise he supported. The BCCI and many former cricketers and current players have condoled the death.

Business

SBI aims to eliminate debit cards to promote digital transactions

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Mumbai: The State Bank of India is planning to end the ubiquitous usage of debit cards from the banking system. “It is our wish to eliminate the debit cards, and am sure we can eliminate them,” said SBI chairman Rajnish Kumar on Monday while at the annual FIBAC, a banking conclave organised by the Indian Banks’ Association (IBA) and industry body Federation of Indian Chambers of Commerce & Industry (FICCI).

A fifth of the population relies on the debit card service of this largest lender. In Spite of this huge reliance, SBI plans to promote more digital payment solutions and eliminate the plastic cards. The chairman of the bank Rajnish Kumar noted that there are around 90 crore debit cards in the country as against the 3 crore credit cards. He added that in order to achieve a debit card-less country, there are digital solutions like the bank’s own ‘Yono’ platform. With the aid of the Yono platform, customers can withdraw cash at the automated teller machines or pay for purchases at a merchant establishment without having a card at all, noted Rajnish Kumar.

Pointing out that virtual coupons are the future, Kumar said that the will be less usage of plastic cards in the next five years. Currently, there is the QR code which is a very inexpensive way of ensuring payments.

 

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