Indian Air Force organized seminar on financial awareness

To educate and familiarise air force personnel about financial planning, the Indian Air Force had organized a seminar.

The seminar titled ‘Financial Prudence and Awareness for Air Warriors’ was organized by IAF in collaboration with RBI at Air Force Auditorium, New Delhi.

The seminar sought to empower the air warriors in a manner so as to enable them to take sound and informed financial decisions in their personal.

Officials from the Reserve Bank of India conducted talks on diverse topics ranging from financial awareness, bank frauds, the role of ombudsmen, among others.

Approximately 400 Air Warriors across all ranks attended the seminar.

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State-owned Bank of Maharashtra (BoM) said it has raised ₹710 crore from bonds to fund business growth. The fund raised via Basel III compliant Additional Tier 1 (AT1) bonds of ₹710 crore (including green shoe option of ₹610 crore) is at a coupon rate of 8.74 per cent, the bank said in a statement.

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Union Commerce and Industry Minister Piyush Goyal confirmed India’s decision of not joining the trade pillar of IPEF. The IPEF Ministerial Meet was recently hosted by the United States.