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

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

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%

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

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

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

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

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

Deposit to continue growing faster than credit in H2FY25

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

With a 10,000-branch network, MD & CEO Goel eyes significant growth opportunities to expand business and scale new heights.

Finova will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale

The total income for the quarter touched ₹Rs109.79 crore and the company disbursed loans amounting to ₹Rs643.50 crore during the quarter

The company’s newly launched Emerging Business segment, focusing on small business loans and affordable housing finance, disbursed Rs.₹42 crore during the second quarter of 2024

This feature allows users to move their holdings from CoinDCX’s custody to a decentralised decentralized wallet, meaning their assets will be stored directly on the blockchain

IIFL Finance’s gold loan book had shrunk from ₹26,000 crore in early March 2024 to ₹10,000 crore by September 19, 2024

Bank prepared for Canara Robeco listing in Q4

Debasish Mishra has experience across Credit, Operations, Forex, IT, HR, and MSME sectors, both in India and overseas