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Reserve Bank of India increases shareholding

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8 years ago

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rbiMumbai:The Reserve Bank of India (RBI) on Friday announced it has increased shareholding in its wholly-owned subsidiary, the National Housing Bank (NHB), by contributing Rs.1,000 crore towards its paid-up capital.

“The Reserve Bank has contributed Rs.1,000 crore towards the paid up capital of the National Housing Bank on January 12, 2016, thereby increasing its shareholding in the NHB from Rs.450 crore to Rs.1,450 crore,” the RBI said in a release .

“This would help NHB to expand its financial operations as envisaged under the NHB Act, 1987,” it added.

The RBI had made a provision for the amount of Rs.1,000 crore towards capital contribution to the NHB during the accounting year 2014-15.

The finance ministry had in December notified an increase in authorised capital of NHB from Rs.450 crore to Rs.1,450 crore to enable the RBI to raise its shareholding in it.

The move is aimed to gear up the NHB to meet the country’s growing demand for housing, while the government has also set the target of “Housing for All” by 2022.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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