Migration boosts salaries, housing demand: Survey

NEW DELHI: Internal migration to urban cities is driving up both salaries and housing demand, a survey has shown.Relocating has led to near doubling of salaries in certain white-collar segments related to IT, finance, and healthcare. It is also true for blue-collar workers, such as domestic helps and factory employees, who reported a 1.6 to…

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AU secures in-principle nod for universal bank

MUMBAI: RBI has granted its first universal bank approval in a decade, giving AU Small Finance Bank (SFB) in-principle approval to transition from an SFB to a universal bank-the first such nod since Bandhan and IDFC in 2015.Founded in 1996 by Sanjay Agarwal as AU Financiers, an NBFC in Jaipur, AU became an SFB in…

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