India has to be watchful

The changes promise a better user experience, with faster load times for web pages and smoother live streams

The institutional arrangements and market linkages must be worked out beforehand. The biggest hurdle pertains to land acquisition. The implementing agency is expected to provide “developed land parcels” for industries to operate in ‘plug and play’ mode. But this is easier said than done

Trying to substitute the operation of market forces in an industry with micro-management of demand, supply and prices creates uncertainty for entrepreneurs

SEBI has calculated net primary and secondary market investment in equity and debt based on actual data at its disposal

Land records remain contested, despite over 90 per cent digitisation. Concerns over data theft and cyber fraud cannot be disregarded

There are multiple instances of SEBI’s orders being overturned by SAT, displaying lack of rigour in its investigation

Curbs on edible oil exports must be relaxed so that farmers have the freedom to capitalise on global market opportunities, just as consumers benefit from cheap imports

Dissanayake as President symbolises a fresh start

India stamps its authority on the global chess stage

Quick commerce is hardly anti-competitive

Industry bodies should take the lead to protect the image of a sector that has at least 10,000 units and a market size of about $50 billion, growing in double digits

BJP defends its 10-year rule against a resurgent Congress

Non-compliance by lenders must be strictly dealt with by the central bank

BJP wins in Haryana for third successive time

The dashboards on AMCs’ websites should feature data on direct plans, not just regular ones

Monetary policy cannot do very much to control food inflation, given that it is caused by supply bottlenecks rather than increase in demand

Tech advancements have made it possible for satcom players to offer seamless broadband connectivity directly to the users’ smartphones, bypassing traditional cell towers

NIM moderates as deposits outpace credit growth

MFIs should not justify steep rates with access issues, says Jayant Kr Dash, Executive Director; Senior RBI official suggests Blended Finance could hold some answer for this issue

Net interest margin rose to 9.7 per cent in Q2FY25 against 9.4 per cent in Q2FY24

The portfolio asset quality continues to improve with Gross NPA at 1.24 percent as on end September 2024

Before joining Axis Bank, Chaudhry was leading HDFC Life

Analysts from PL Capital and Axis Capital estimate a slowdown in loan growth to 12%, down from 19% in the previous year, and a dip in deposit growth to 9% from 15%

Removing GST on health insurance would make it more affordable, driving higher penetration and reducing the government’s burden

BoB had reported a net profit of Rs ₹4,253 crore in the year ago quarter (Q2FY24)

Confident of sustaining Q2 bottomline growth performance in remaining quarters this fiscal 

The private sector lender had reported a net profit of ₹1,323 crore in the year ago quarter

Murugappa Group’s NBFC, Cholamandalam Investment & Finance Co Ltd, reported a strong double-digit growth across key metrics in the September quarter and the first half of this fiscal year. Net income for Q2 surged 37 per cent y-o-y to ₹3,238 crore, up from ₹2,367 crore.

During the year, the number of branches and employees of foreign banks in India also expanded by 0.6 per cent and 1.4 per cent, respectively

The Kolkata-based lender had posted a net profit of ₹ 721.16 crore for the first quarter last fiscal

The vehicle finance focused NBFC also announced a 1-to-5 stock split, along with a dividend of ₹ 22 per share today

Yes Bank’s standalone net profit more than doubled to ₹5.53 billion for the financial second quarter from ₹2.25 billion in the same period a year earlier

NIM moderated 9 basis points sequentially to 4.27 per cent on higher cost of funds

YES Bank targets 17-18% deposit growth, loan growth of 13-14% in FY25; CEO Prashant Kumar says this can be the ‘right time’ to acquire an MFI

SBI Chairman CS Setty accepted the award

Chola MS reports an 11.6% Y-o-Y rise in GWP to ₹4,136 crore in H1 FY25; MD V Suryanarayanan says focus on profitable growth continues to drive performance

For the first half of the fiscal, the bank’s net profit exceeded ₹5,000 crore, totalling ₹5,110 crore, up from ₹3,697 crore

Net interest income grew by 12 per cent to ₹596 crore, up from ₹533 crore a year earlier

Chandra is currently an Executive Director at Canara Bank.

Bank to sell more stake in associate company Equirus Capital, raise ₹1,500 crore via infra bonds in H2

Deposit to continue growing faster than credit in H2FY25

RBI is in no great hurry to immediately announce a nationwide rollout of the central bank digital currency (CBDC)

More than 1 lakh bank employees likely to be affected by DFS instruction to banks, says AIBEA General Secretary Venkatachalam

Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business

Global deposits were ₹13,47,347 crore, up by 9.34 percent, while gross advances reached ₹10,11,997 crore growing by 9.53%

For the quarter ended September 30, 2024, the company’s net profit surged by 34 per cent to ₹268 crore, up from ₹199 crore

Bank expects its advances and deposits to rise at least 30-50 per cent faster than the banking system

To focus on secured loan products

BoB Chief Debadatta Chand says FY25 credit, deposit growth targets revised down to balance CD ratio