Dissanayake as President symbolises a fresh start

India stamps its authority on the global chess stage

FATF endorses India’s efforts, but the job’s not done yet

Time to loosen export curbs on Indian rice

Quick commerce is hardly anti-competitive

PLFS data show worrying trends in job quality

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

Curbs on equity derivatives welcome

Kashmir’s heartening turn towards electoral politics

EU Deforestation Regulation should be resisted

BJP defends its 10-year rule against a resurgent Congress

In August this year, petroleum exports fell 37 per cent to $5.95 billion

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

BJP wins in Haryana for third successive time

MPC is taking too sanguine a view on growth

ICAI should accept NFRA’s view on group audits

Bhavantar can work well in tandem with e-NAM which improves price realisation. This can reduce the Bhavantar outgo

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

The three awardees regard social institutions as being less important than state institutions

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

While foreign funds may be buying Chinese equity for the short-term, the Indian market offers better returns for long-term investors

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

Greenwashing guidelines good, but could be sharper

Direct tax base should be widened

IT majors continue facing growth challenges

But sudden ‘cease and desist’ orders can also affect the bond markets from where NBFCs raise funds

Conceptual clarity essential for trade negotiations

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 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

Its consolidated total income stood at around Rs ₹13,706 crore in Q2 FY25, compared to Rs ₹13,092 in Q1 FY25

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

On a standalone basis, PNB’s net profit for the quarter under review increased 145 per cent to ₹4,303 crore (₹1,756 crore)

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

Move will lead to lower reliance on bank borrowing

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