Ranchi University Restructures Bank Accounts for 12 Academic Departments Ranchi University has initiated a major overhaul of its financial operations by restructuring the bank accounts of 12 academic departments. The decision involves closing existing accounts and transferring funds to new accounts managed by department heads. The move aims to address financial irregularities and improve transparency in the allocation of resources. According to the university administration, the restructuring process will begin with the closure of old accounts and the opening of new ones. The funds currently held in Canara Bank will be transferred to the new accounts, which will be managed jointly by department heads and their designated representatives. For instance, the Journalism and Mass Communication department will have its account transferred to HDFC Bank’s Shahi Chowk branch, while the Department of History and Distance Education will open new accounts at IDBI Bank’s Upper Bazaar branch. The list of departments affected includes the Department of Journalism and Mass Communication, Rural Development (Humanities), Public Administration (Political Science), PhD Course Work (English), M.Sc. Biotechnology (Botany), the Department of History, Distance Education Directorate, the Department of Indigenous and Regional Languages, ASTRC, MCA (Mathematics), Institute of Management Studies (IMS), and Institute of Legal Studies (ILS). These departments will either have their accounts moved to HDFC Bank or IDBI Bank, depending on their specific requirements. The university administration emphasized that the new accounts will be managed collaboratively by department heads and their representatives, ensuring greater accountability.#hdfc_bank #idbi_bank #canara_bank #ranchi_university #jharkhand_state_government
Stocks to buy for long term amid market crash Financial analyst Vinit Bolinjkar of Ventura has identified eight stocks with strong long-term growth potential, despite ongoing market volatility. The recommendations focus on companies with resilient fundamentals, driven by domestic demand and reduced exposure to geopolitical risks. Bolinjkar highlighted ICICI Bank, L&T, and Canara Bank as key picks, citing their ability to navigate economic uncertainties while maintaining profitability. The analyst emphasized that the selected stocks offer return potential ranging from 12% to 62% over the long term. This outlook is based on factors such as stable revenue streams, strong balance sheets, and favorable industry conditions. Bolinjkar noted that while the broader market has faced challenges, these companies are positioned to benefit from recovery trends and structural growth opportunities. The recommendations come amid a period of market instability, with investors seeking assets that can withstand short-term fluctuations. Bolinjkar advised focusing on sectors with consistent demand, such as banking and infrastructure, which are expected to see gradual improvement in the coming years. He also stressed the importance of patience, suggesting that long-term investors should prioritize quality over short-term gains. The analyst’s picks reflect a strategic approach to market downturns, emphasizing the value of companies with solid financial health and growth prospects. Investors are encouraged to evaluate these opportunities carefully, considering both the risks and rewards associated with each stock. Bolinjkar’s analysis underscores the potential for recovery in select sectors, even in a challenging market environment.#icici_bank #l_t #vinit_bolinjkar #ventura #canara_bank
