RBI Prepares Scheme For PMC, Unity Small – Latest news headlines


RBI has prepared a draft plan for PMC Bank’s amalgamation with Unity Small Finance Bank

Reserve Bank of India (RBI) on Monday unveiled a draft scheme for amalgamation of the troubled Punjab and Maharashtra Cooperative Bank (PMC) and Unity Small Finance bank (USFB).

The draft plan proposes USFB taking over the assets and liabilities of PMC Bank including deposits, which would provide a greater degree of protection to depositors.

RBI has sought suggestions or objections, if any, from depositors, members and creditors of PMC Bank as well as of USFB on the scheme by December 10, 2021. After the expiry of the deadline, the central bank will take a final call on the matter.

The plan has been put up on the central bank’s website.

The RBI further said that “USFB is being set up with capital of about Rs 1,100 crore as against a regulatory requirement of Rs 200 crore for setting up of a small finance bank under the guidelines for on-tap licensing of small finance bank in private sector dated December 5, 2019, with provision for further infusion of capital at a future date after amalgamation”.

Maharashtra-based PMC Bank was placed under business restrictions with effect from September 23, 2019, on account of fraud, which led to steep deterioration in the net worth of the bank.

The directions were last extended through a June 25, 2021 directive up to December 31, 2021.

“Given the financial condition of the PMC Bank and in the absence of proposals for capital infusion, the bank was not viable on its own. In that event, the only course of action could have been cancellation of its licence and taking it for liquidation, wherein depositors would have received payment up to the insurance ceiling of Rs 5 lakh,” the RBI said.

Keeping in mind the interest of its depositors, the amalgamation scheme has been unveiled, which would provide them protection, the central bank said.



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8 of the Best Game Creation Apps for Beginners | Sidnaz Blog


Game Maker Studio 2 is the most advanced piece of software on our list, and may intimidate total newcomers. However, it is by far the easiest professional-level game engine to learn, and has been used by many indie developers to create games like Hyper Light Drifter, Momodora, Katana Zero, and more.

The key to Game Maker Studio 2’s accessibility is its streamlined, object-based scripting. Instead of coding your games from scratch, the built-in editor lets you program character behaviors and gameplay systems with simple drop-down menus based on Game Maker Studio’s unique scripting language. There are tons of tutorials available that teach you the basics of the engine, as well as sample projects to get you started and community-made assets you can use if you’re not yet up to making your own.

The only downside is that the skills you learn making games with Game Maker Studio 2 won’t necessarily translate to other engines like Godot, Unity, and Unreal, since those use common coding languages like C#, which allow for more complexity. However, since Game Maker Studio 2 supports 2D and 3D games, you could easily make all your games in Game Maker Studio 2 for as long as it suits your needs.

Game Maker Studio is free to download and use, but you will have to pay to unlock certain features and to publish your games. You can buy a 1-year license for $39 that lets you publish to Windows and Mac, or a permanent license for $99 that adds iOS, Android, Amazon Fire devices, Ubuntu, HTML 5, and Universal Windows Program publishing support. Game Maker Studio 2 also has publishing tools for PS4/PS5, Nintendo Switch, and Xbox One/Xbox Series X/S, but each one requires a license that costs a whopping $700 per year—or you can bundle them for $1,500 per year. That’s pretty steep, though comparable to the console publishing costs you’ll see with other professional-level software.

  



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Learn How to Make Games With a Premium Unity Developer | Sidnaz Blog


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Have you ever wanted to learn how to make video games, but have no idea where to start? StackSocial has you covered. You can currently grab a premium Unity game developer certification bundle for $45. To put things into perspective, this is a $3,400 value. You’re getting it 98% off here, so it’s as close to a steal as you’re going to get. The bundle features 17 courses hat cover everything from an intro to mobile game development to how to make low poly 3D environments. You’ll get access to well over 100 hours of content, including lectures and lessons. This is your chance to make your dream game, so hop on it while you can.




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