Tuesday, January 16, 2024

KARNATAKA BANK AND CLIX CAPITAL ENTER INTO CO-LENDING PARTNERSHIP THROUGH YUBI PLATFORM.

Karnataka Bank Ltd.,a leading Private sector Bank and Clix Capital,one of India's fastest growing new age NBFC's have entered into a strategic digital co-lending partnership through Yubi Co.lend platform.This partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employment growth.The agreement is in line with the Reserve Bank Of India's guidelines and co-lending by banks and NBFC's to priority sectors.  

This partnership combines Karnataka Bank's low cost of funds end to end digital capabilities & expertise to offer credit facilities to this segment along with Clix Capital's strong & easy lending platform and robust due diligence.The partnership aims to provide seamless fencing solutions, conveniently and economically in digital manner,thereby enabling both the partners to draw upon each other's strengths to serve the unserved.The agreement was signed in Bengaluru today.


Speaking on the collaboration,Mr.Srikrishnan H, Managing Director &CEO,Karnataka Bank said,"By this arrangement,the much needed liquidity at affordable rates for the MSME sector will be a reality.Clix Capital & Karnataka Bank will jointly address the MSME's requirements adding impetus to the micro credit facilities to this segment keeping in mind the sustainable economic growth for the country".

Mr.Rakesh Kaul,CEO,Clix Capital Said," Our efforts along with Karnataka Bank will empower the MSME to fulfil their aspirations of seeking seamless &affordable business loans to grow.With this partnership,we will bring to the table our tech prowess,and agility to understand and underwrite segments that largely remain underserved".

Mr.Sekhar Rao,Executive Director,Karnataka Bank,said," the tie up shall leverage technology & digital solutions to seamlessly extend wide range of financial products to MSME sector".

Karnataka Bank is celebrating their centenary year this year.

Saturday, January 13, 2024

APOLLO REVOLUTIONIZES PROSTATE CANCER SCREENING FOR INDIAN MEN WITH GROUNDBREAKING STUDY.

In a monumental stride towards advancing prostate cancer in India,Apollo Hospitals,the world's largest integrated health care provider,has unveiled ground breaking findings in its latest study,'Determining age-specific prostate -specific antigen for healthy Indian men" published in the prestigeous Indian Journal of urology led by DR.N,Raghavan and Dr.Sanjai Addla,from Apollo Chennai and Apollo,Hyderabad respectively.Thee study involved nearly 1,00,000 healthy men across diverse age groups and regions in India establishing new reference values for prostate specific antigen (PSA)specific to the Indian demographic.

        PSA is an established blood marker for early diagnosis and monitoring of treatment  for prostate cancer .Since 1993,International norms for normal PSA values have been based on a study from the USA and the same have been adopted in India.The western standards quiet often were found to be ill suited for the Indian population over to diverse genetic demarcations.This latest groundbreaking Apollo study reveals that PSA values in India differ,prompting the establishment of new tailored standards.Key findings include age specific  PSA standards,a progressive increase in PSA levels with age,and Indian specific PSA values facilitating earlier detection in younger men. 

Dr.Sangita Reddy,Joint Managing Director,Apollo Hospitals, said,"This landmark study ushers a transformative moment in India's prostate cancer care landscape,which resonates with our mission to conquer cancer at every touchpoint possible".

Thursday, January 11, 2024

RAM MANDIR- GRAND INAUGURATION ON 22nd JANUARY,2024 AT AYODHYA.

 In the happiness of Ram Mandir Verdict, we would have forgotten the lawyer 92 year old then,now 96 years old Mr.K.Parasaran  who argued for the Ram Janma Bhoomi case in Supreme Court.  He is a Senior Supreme Court Lawyer  and his legal career spans over Six decades.He served as Attorney General of India between 1983 to 1989.He is considered as PITAMAH of Indian Bar. He was also nominated to Rajya Sabha from 2012 to 2018. His attendance in Rajya Sabha was 81% even at the age of 90.He was awarded Padma Bhushan & Padma Vibhushan.

He argued the Ram Janma Bhoomi  case in Supreme Court   bare foot standing for more than 4 hours at the age of 92 years. That was his faith towards Lord Ram. Even when the Judge requested him to take seat and continue the argument,he said he has argued all cases standing for his clients till date.Now,Lord himself is his client, How can I sit & argue ?,he said.