India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
MUMBAI: Loan write-offs were a major reason for the massive reduction in non-performing assets (NPAs) ratio over the past five years, which has hit a multi-decadal low of 2.3 per cent in the just concluded fiscal, shows the data from the Reserve Bank. The asset quality of commercial banks improved massively with gross NPAs and net NPAs declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively in FY25, the regulator said in its biannual Financial Stability Report released last evening. But the report noted that gross NPAs for non-banking lenders are at a high 5.8 per cent for the latest reporting period. Attributing the record low bad loan pile to write-offs, FSR said, "write-offs to gross NPA ratios for commercial banks moved up marginally to 31.8 in FY25 from 29.5 in the previous year, led by private banks and foreign banks, while write-offs by public-sector banks saw a marginal decline. Disaggregation of NPA movements reveals that write-offs are a major component of NPA reduction over the past five years."
The Reserve Bank of India (RBI) is set to bolster bank capital adequacy by allowing the inclusion of quarterly profits in CRAR without strict NPA provisioning conditions. In a move aimed at supporting the capital adequacy of commercial banks, the Reserve Bank of India (RBI) on Wednesday proposed to ease norms for including quarterly profits in the computation of the Capital to Risk-Weighted Assets Ratio (CRAR) and to withdraw the requirement of maintaining an Investment Fluctuation Reserve (IFR) ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in a civil dispute between the parties by filing a first information report and seeking the help of the ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
New Delhi, July 17 (SocialNews.XYZ) After a challenging first half marked by margin compression and falling loan yields, India's banking sector is set to turn the corner in the third quarter of FY26 (3QFY26), a report said on Thursday. Private and public sector banks are entering a transition phase, where lagged benefits of deposit repricing, systemic liquidity infusion, and improving asset quality start to lift earnings, Motilal Oswal Institutional Equities said in a report. As per the report, the recovery will be gradual but meaningful, setting the tone for FY27's double-digit earnings gro ...Read More >
Mumbai, Apr 8 (PTI) Indian scheduled commercial banks' gross non-performing assets (NPAs) ratio declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday. Gross NPAs -- which represents the proportion of loans unpaid for over 90 days -- for the banking system had stood at 2.5 per cent in the year-ago period, as per the bi-annual Monetary Policy Report released by the central bank. The improvement in asset quality was across sectors, including retail loans, services, industry, and agriculture. NPAs in retail loans eased to 1 per cent, services eased to 1.7 per cent, ...Read More >
New Delhi, Oct 16 (PTI) Public sector lender Indian Overseas Bank (IOB) on Thursday reported a 58 per cent jump in net profit at Rs 1,226 crore for the second quarter ended September 30 of the current fiscal. The bank had a net profit of Rs 777 crore in the September quarter of the 2024-25 fiscal. Interest income rose to Rs 5,856 crore during the September quarter of FY'26, from Rs 5,055 crore in the year-ago period. Gross non-performing assets (NPA) improved to 1.83 per cent during the July-September quarter, from 2.72 per cent of total loans in the same quarter of 2024. Shares of IOB wer ...Read More >
New Delhi, Dec 12 (PTI) Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday. Since 2015, the government implemented a comprehensive 4Rs strategy of recognising NPAs transparently, resolution and recovery, recapitalising PSBs, and reforms in the financial system to address the challenges faced by PSBs, it ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
New Delhi, Dec 12 (SocialNews.XYZ) The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. The Ministry of Finance said in a statement that public sector banks (PSUs) recorded the highest ever aggregate net profit of Rs 1.41 lakh crore during FY2023-24, against net profit of Rs 1.05 lakh crore in FY2022-23, and recorded Rs 0.86 lakh crore in the first half of FY2024-25. "Gross advance of scheduled commercial bank ...Read More >
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years, suggesting banks would have hardly recouped any money, an investigation by The Indian Express reveals. Since the IBC framework came into being in 2016, creditors i.e. ban ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
Lucknow, Jul 19 (PTI) The Uttar Pradesh Police on Saturday said they have busted a large-scale illegal religious conversion racket and arrested 10 people from six states. The probe began in Agra in March after two sisters -- aged 33 and 18 -- were reported missing. Investigations revealed that they were allegedly coerced into religious conversion and were undergoing radicalization, the police said. One of the sisters had also put a picture of a girl holding an AK 47 rifle as her profile picture on a social media platform, they said. "Preliminary investigations found that the sisters were ta ...Read More >
Mumbai, Oct 18 (PTI) ICICI Bank on Saturday reported that its consolidated net profit for the September quarter inched up by 3.2 per cent to Rs 13,357 crore as a fall in provisions helped overcome the impact of margin compression. On a standalone basis, the second largest private sector lender reported a 5.2 per cent growth in its post-tax profit at Rs 12,359 crore, up from Rs 11,746 crore in the year-ago period. The core net interest income increased 7.4 per cent to Rs 21,529 crore on the back of 10.6 per cent growth in advances and the compression in net interest margin to 4.30 per cent fr ...Read More >
New Delhi [India], June 8 (ANI): Bank of Baroda (Bank), one of India's leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India. This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or businesses. Also Read | Online Scam in Navi Mumbai: Woman Loses INR 49 Lakh After Being Lured With 'Gift' From Abroad. The revised rates came into effect from June 7, the public sector bank said in a statement. With this the Bank's Repo Linked ...Read More >
Mumbai: A new report by the Boston Consulting Group (BCG) warns that Indian banks must prepare for a period of heightened interest rate volatility after more than a decade of relatively stable and downward-trending rates. The study, Interest Rate Sensitivity in Indian Banking, highlights that the impact of policy rate changes on bank performance is neither immediate nor uniform, and that credit growth is more dependent on borrower sentiment and lender confidence than on rates alone.Empirical evidence underscores this point: credit growth remained weak during 2014-2016 and 2018-2020 despite dec ...Read More >
MUMBAI: Stable asset quality and a spike in other income boosted the June quarter net income of Yes Bank by 59.4 percent year-on-year to Rs 801 crore. This is the bank's highest quarterly profit since its reconstruction in March 2020. The management led by chief executive Prashant Kumar attributed the rise net profit to strong growth in non-interest income, improved cost efficiency, and stable asset quality. Net interest income for the quarter rose 5.7 percent to Rs 2,371.5 crore, aided by an a reduction in the cost of funds. Net interest margin rose 10 bps to 2.5 percent from a year ago and ...Read More >
Mumbai: The Reserve Bank of India (RBI) has revised its existing rules to make retail loans more flexible, widened the scope for lending against gold and silver collateral, and provide easier capital-raising avenues for banks besides improving credit information systems. Announced through seven directions and circulars on Monday evening, three of these changes will take effect from October 1, while four others have been released for public consultation until October 20, 2025. Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting measures ...Read More >
MUMBAI: Axis Bank's net profit slipped 4% year-on-year to Rs 5,806 crore in the quarter ended June 2025, dragged down by a sharp rise in provisions. The higher provisions were due to a one-off accounting adjustment, which the bank described as a "technical impact" or an internal recalibration of its bad loan classification.This adjustment, applied to cash credit, overdraft products, and one-time settled accounts, resulted in Rs 2,709 crore of fresh slippages. That alone triggered additional provisions of Rs 821 crore. Without this, total provisions for the quarter would have been Rs 3,127 cror ...Read More >
New Delhi, July 19 (SocialNews.XYZ) BJP spokesperson Sudhanshu Trivedi launched a scathing attack on the Gandhi family on Saturday, accusing them of shielding each other in corruption cases and questioning the constitutional propriety of Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi's recent tweet defending his brother-in-law Robert Vadra. Speaking to the media in New Delhi, Trivedi took a sharp dig at LoP Gandhi, saying, "He stood in support of his 'hardworking farmer' brother-in-law Robert Vadra (in a sarcastic tone), after the Enforcement Directorate filed a chargesheet aga ...Read More >
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago. Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth, but was restricted by a narrowing of the net interest margin to 4.34 per cent from 4.41 per cent i ...Read More >
MUMBAI: The third largest private sector lender Axis Bank opened the earnings seasons for the June quarter in the financial services space Thursday on a bad note, reporting a 4% decline in net income at Rs 5,806 crore despite a reasonable performance in its core business. The management said the red mark on the bottom-line is mainly due to a "technical impact" as the bank had a one-time hit of Rs 614 crore related to how it classifies some loans as bad. More importantly, on a sequential basis, net profit fell more sharply to the tune of 18%. This technical loss came in after the bank recogni ...Read More >
Mumbai: Consumers are exhibiting a preference for placing deposits in the one- to three-year category, with lenders also favouring this tenure. A breakup of the deposits by tenor for 4QFY25 showed that about 65% of the overall deposits contracted are in the one- to three-year bucket. Moreover, 80% of individual term deposits had ticket sizes between ₹1 lakh and ₹15 lakh. The fourth quarter of FY25 saw a 5-percentage-point jump in deposits in the 7-8% interest-rate bucket, with some signs of a slowdown in non-individual deposit movement. According to a study by Kotak Institutional Equities, "C ...Read More >
New Delhi: Union finance minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) should maintain profitability momentum in FY26 and take advantage of Reserve Bank of India's 50-basis points rate cut to increase lending toward productive sectors of the economy, according to the sources. The finance minister's statement came after chairing a meeting with the heads of PSBs to review financial performance of banks. Sitharaman also emphasised that banks should also onboard more customers on government's schemes in a bid to increase financial inclusion. "The finance minister expecte ...Read More >
MUMBAI: Though elevated economic and trade policy uncertainties are testing the resilience of the global economy and the world's financial system, the domestic economy, especially the financial system, is in good shape and is a major driver of global growth, the Reserve Bank has said in its financial stability report for the first half of the year. "Despite an uncertain and challenging global economic backdrop, our economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies," the biannual FSR released Monday said. However ...Read More >
New Delhi [India], June 8 (ANI): Bank of Baroda (Bank), one of India's leading public sector banks, has announced the reduction in its Repo Linked Lending Rate by 50 basis points following the policy rate cut announced by the Reserve Bank of India. This move will make borrowing cheaper, which can encourage more people to take loans for homes, cars, or businesses. The revised rates came into effect from June 7, the public sector bank said in a statement. With this the Bank's Repo Linked Lending Rate now stands at 8.15 per cent. Several banks have reduced the interest rates as per the publical ...Read More >
New Delhi, Sep 12 (PTI) India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of its 'Viksit Bharat 2047' vision to become a developed nation, according to a senior official. The issue of globally competitive banks was deliberated during the first day of the two-day-long PSB Manthan 2025, organised by the Department of Financial Services here, he added. Currently, the country's largest lender State Bank of India (SBI), is the 43rd in the world in terms of assets, while private sector lender HDFC Bank is the seco ...Read More >
India is set to elevate its banking sector. The nation envisions two of its banks among the world's top 20 by 2047. This ambition was discussed at the PSB Manthan 2025. Currently, State Bank of India and HDFC Bank hold significant global positions. The focus is on organic growth and enhanced efficiency. Discussions also covered improved board autonomy and cybersecurity. India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of its 'Viksit Bharat 2047' vision to become a developed nation, according to a senior offi ...Read More >
Mumbai, July 2 (SocialNews.XYZ) The soundness and resilience of India's scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans and strong earnings, according to the RBI's latest Financial Stability report. The country's scheduled commercial banks continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively, the report states. While overall gross NPAs (non-performing assets) of banks fell to 2.3 per cent of total loans as of March 31 ...Read More >
Hyderabad: Actor Vijay Deverakonda is all set to return to the silver screen in a never-seen-before avatar with Kingdom, an action drama film that focuses on the themes of betrayal, vengeance, and redemption. The upcoming film is scheduled to release across India on July 31, and its Hindi version has officially been titled Saamrajya. Directed by Gowtam Tinnanuri, best known for the National Award-winning Jersey, Kingdom/Saamrajya features Deverakonda in a rugged and physically intense role. The story follows a man haunted by a violent past who is reluctantly thrust into leadership when the wo ...Read More >
MUMBAI: India's banking sector has shown spectacular improvement in asset quality as gross non-performing assets (NPAs or bad loans) touched a decadal low of 2.3% in March 2025, the Reserve Bank of India said in its Financial Stability Report, released on Monday. However, the report forecasts a marginal 20 basis-point rise in gross NPAs by March 2027 to 2.5% in a normal scenario and 5.6% in an extreme adverse scenario. "The soundness and resilience of commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans ratio and strong earnings," it said. The repo ...Read More >