🔆NABARD: National Bank for Agriculture and Rural Development ✅ Established - 1982 [ B. Sivaraman Committee ] ✅ Statutory body under NABARD ACT 1981. ✅ Headquarters - Mumbai ✅ Owner - Fully owned by government. ✅ Operates Under : Department of Financial Services (DFS) under the Ministry of Finance. ✅ All India Financial Institution
✅ Supervise : 1. Regional rural banks ( RRB ) 2. State co- operative agriculture & rural development bank ( SCARDBs ) 3. Commercial banks ( CBs ) 4. State co - operative banks ( SCBs ) 5. Other Financial institutions under RBI
🔆NABARD: National Bank for Agriculture and Rural Development ✅ Established - 1982 [ B. Sivaraman Committee ] ✅ Statutory body under NABARD ACT 1981. ✅ Headquarters - Mumbai ✅ Owner - Fully owned by government. ✅ Operates Under : Department of Financial Services (DFS) under the Ministry of Finance. ✅ All India Financial Institution
✅ Supervise : 1. Regional rural banks ( RRB ) 2. State co- operative agriculture & rural development bank ( SCARDBs ) 3. Commercial banks ( CBs ) 4. State co - operative banks ( SCBs ) 5. Other Financial institutions under RBI
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
Telegram announces Anonymous Admins
The cloud-based messaging platform is also adding Anonymous Group Admins feature. As per Telegram, this feature is being introduced for safer protests. As per the Telegram blog post, users can “Toggle Remain Anonymous in Admin rights to enable Batman mode. The anonymized admin will be hidden in the list of group members, and their messages in the chat will be signed with the group name, similar to channel posts.”
