SELECTMEN NEWS 5 Things That Happened At Last Weeks Meeting

first_imgWILMINGTON, MA — Below are FIVE things that happened at the April 9th Wilmington Board of Selectmen’s Meeting:#1) SAVE THE DATE. Selectmen unanimously approved the request of Wilmington Police Chief Michael Begonis to use Rotary Park on Tuesday, August 7, 2018 for a National Night Out celebration.#2) SPECIAL TOWN MEETING SET. With little discussion, Selectmen unanimously closed and signed the Special Town Meeting warrant. The warrant consists of two articles, petitioned by Selectman McCoy and others, and can be read HERE. The Special Town Meeting will take place inside the Annual Town Meeting on May 5, 2018 at approximately 10:45am inside the WHS Auditorium.#3) SUPPORT YOUR LOCAL NON-PROFITS. Selectmen unanimously approved the request of Wilmington Fourth of July Committee Chairman Scott Garrant to restrict hawkers/pedlers and transient vendors from conducting business within one-half mile of the Town Common during the Fun on the Fourth celebration. This annual vote is taken to  encourage attendees to purchase snacks at the carnival and from the non-profit organization booths in the Food Court.#4) NEW TOWN ELECTION WORKERS. Selectmen unanimously approved the request of Town Clerk Sharon George to appoint five new election workers — Phyllis Gorman, David & Susan Reese, Janet Marchiello, and Ruth-Ann Soderholm. These workers will replace election workers that recently stepped down.#5) SELECTMEN ANNUAL REPORT. Chairman Mike Champoux read the Board of Selectmen’s Annual Report, which will be published in the Town’s Annual Report booklet, into the record.  Watch the reading HERE at the 7:22-mark. Champoux discusses several big issues, including New England Transrail, Butters Row Bridge, Yentile Farm, Fun on the Fourth, the town’s new Substance Abuse Prevention Coordinator, affordalbe housing, and more.Aside from the Sciarappa Farm discussion, Wilmington Apple has already covered the other news made at the meeting, including:Selectmen To Create A Town Economic Development CommitteeFree Little Library & Kindness Rock Garden Coming To Rotary ParkPLOT TWIST: Massachusetts Attorney General DELAYS Ruling On Town Meeting Article Relative To Detox Facility ZoningResidents Invited To Informational Forum On Proposed Tax Increment Financing (TIF) Agreement With Analog Devices On April 26The Moving Wall Is Coming To Wilmington This SummerFind Out if YOUR Street Is Scheduled To Get Paved Over The Next 7 MonthsLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedSELECTMEN NOTEBOOK: 6 MORE Things That Happened At This Month’s Selectmen’s MeetingIn “Government”SELECTMEN NOTEBOOK: 10 Things That Happened At Last Week’s MeetingIn “Government”SELECTMEN NOTEBOOK: 5 Things That Happened At Last Week’s Selectmen’s MeetingIn “Government”last_img read more

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Yes Bank gets inprinciple approval to commence custodian services

first_imgYes Bank, a private sector lender in India, said on Thursday that it has received an in-principle approval from capital markets regulator Securities and Exchange Board of India (SEBI) to undertake custodian services. The approval comes after the Reserve Bank of India (RBI) gave permission to the Mumbai-based lender to act as custodian of securities.Yes Bank said it will establish the framework for the custodian business within 12 months. A custodian of services offers services such as trade settlement, safe-keeping, benefit collection, reporting and accounting of capital market transactions to domestic and foreign market participants across asset classes comprising debt, equity and money market instruments.Rana Kapoor, managing director of Yes Bank, said the new business will “complement” the bank’s existing capital market services. He also said the bank will gear up to the new business.”We intend to build state-of- the-art technology driven infrastructure, integrated with best-in- class human capital to offer the finest quality custodial services to our capital market clients,” Kapoor said in a statement.There are 19 registered custodians of securities, according to the SEBI. They include Axis Bank, HDFC Bank, ICICI Bank, DBS Bank, BNP Paribas, Deutsche Bank AG, Edelweiss Custodial Services, Kotak Mahindra Bank and JPMorgan Chase Bank, N.A., among others. The steady growth being witnessed in the size of the custodian business in India and the various changes being made in the capital markets industry augur well for Yes Bank and “makes it an attractive business proposition,” according to the bank.Yes Bank’s net profit for the fourth quarter ended March 2016 was Rs. 702 crore, up 27.4 percent, while net interest income rose 27.1 percent to Rs. 1,241 crore. The full year net profit climbed 26.6 percent to Rs. 2,539 crore and net interest income increased 30.9 percent to Rs. 4,567 crore.Gross non-performing assets (NPAs) and net NPAs stood at 0.76 percent and 0.29 percent, respectively. The bank declared 100 percent dividend for the financial year 2015-16.On Monday, Yes Bank applied to the Foreign Investment Promotion Board (FIPB) seeking approval to enhance total foreign ownership limit to 74 percent, with full fungibility for investments by FIIs/ RFPIs under the PIS. The request has been sent to the Cabinet Committee of Economic Affairs (CCEA) for approval.Stocks of Yes Bank closed at Rs. 912.30 on the BSE on Thursday.last_img read more

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