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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, i ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. Also Read | Vivo X300 Ultra Review: Flagship Featu ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): Bank credit in India is expected to grow around 13 per cent in the current fiscal, slightly slower than the estimated 14 per cent growth in FY26, according to a report by CRISIL Ratings. The report said the growth will be supported mainly by strong demand from the retail and micro, small and medium enterprise (MSME) segments, along with corporates continuing to prefer bank loans over bond issuances. "Bank credit is poised to grow ~13% this fiscal, d ...Read More >
Kolkata: AU Small Finance Bank's deposit growth outpaced its gross loan portfolio expansion, bucking an industry trend. The bank on Saturday reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore. Industry average till March 15 published by Reserve Bank of India showed that bank credit grew by 13.8%, 300 basis points more than the average deposit expan ...Read More >
Mumbai, Mar 30 (PTI) Bank credit to industry grew at faster pace of 13.5 per cent on the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to the RBI data released on Monday. The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI). The RBI has released data on sectoral deployment of ba ...Read More >
Mumbai, Mar 30 (PTI) Bank credit to industry grew at faster pace of 13.5 per cent on the fortnight ending February 28, compared with 7.5 per cent in the year-ago period, according to the RBI data released on Monday. The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI). The RBI has released data on sectoral deployment of ba ...Read More >
Gurgaon/Mumbai : Paisabazaar, India's largest consumer credit marketplace and free credit score platform, and YES BANK, India's sixth largest private sector bank, have announced the launch of the upgraded YES BANK Paisabazaar PaisaSave Credit Card. This co-created credit card now offers one of the highest dining and travel cashback benefits in its category. With a powerful 6% cashback on dining and travel spends, the revamped PaisaSave Credit Card delivers strong value with no joining fee, maki ...Read More >
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI's monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks -- Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank -- currently offer home loans at 7.35%. Borrowers at this rate will see their interest rate decline to 7.1%, which is also the deposit rate offered by some private banks. On a Rs 1 crore home loan for 15 years, a 0. ...Read More >
New Delhi [India] November 20 (ANI): The domestic investors, particularly mutual funds, in India's equity markets expand their footprint while foreign portfolio investors (FPIs) continue a sharp retreat. As per the National Stock Exchange (NSE) Market Pulse of November 2025 report, the domestic mutual funds (DMFs) now command their highest-ever share in listed equities at 10.9 per cent, marking their ninth consecutive quarterly high. Meanwhile, FPI ownership however has dropped to 16.9 per cent ...Read More >
India's economy is experiencing a robust boost from GST 2.0 and the festive season, with stronger consumption, increased sales across sectors, and improved consumer sentiment. Lower GST rates are driving demand and job creation, while high-frequency indicators show significant improvements, leading to upward GDP growth forecasts from the IMF and RBI. New Delhi, The rollout of GST 2.0 has started showing a positive impact on India's economy, with stronger consumption trends, higher sales across ...Read More >
New Delhi: Against a global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
Kolkata: The government's recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, experts said. Indirect Tax Expert at LexVed Vedika Agrawal said the GST circular 251 makes it clear that financial or commercial credit notes - those issued without GST - do not require distributors to reverse their input tax credit (ITC). Input tax credit is the tax a business unit pays on i ...Read More >
Chennai: MSME exports who have been hit by the high US tariffs, are also facing challenges with their bank credit. MSMEs with US exposure are witnessing a downgrade in their credit rating after the 50 per cent tariff came into effect. As a result, MSMEs will end up paying higher interest rates besides providing substantial collateral. Several companies, especially MSMEs in the sectors which have a high exposure to the US, are currently facing a threat of credit rating downgrade. The external cr ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I woul ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra Monday said that corporates and banks need to come together to boost investments amid challenges emanating from tariff uncertainties and geopolitical concerns, stressing that the central bank has not lost sight of growth objectives. Speaking at the annual Fibac event here, the Governor said he is hopeful that the ongoing negotiations between the US and Indian trade representatives will yield a decision which will "minimize" the impact of tariffs on ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the relevant option on the ITR-1 or ITR-2 form. With commercial or professional income, the regulations are stricter. Only once in your lifetime may you return ...Read More >
Mumbai, Aug 3 (PTI) The Reserve Bank is likely to hold the key short-term lending rate at 5.5 per cent in its upcoming bi-monthly monetary policy on Wednesday after three back-to-back reductions, notwithstanding the headwinds to near-term economic growth in the wake of elevated US tariff uncertainties and subdued inflation trends, according to experts. However, some experts opined that the central bank may go for another round of rate cuts as challenges to the growth outlook outweigh potential ...Read More >
Indian real estate developers are strategically reducing debt and favoring equity, leading to healthier balance sheets. Colliers reports a significant drop in high debt-to-equity ratios among top firms. This shift boosts profitability, with many firms exceeding 10% net profit margins. Increased financial health attracts banks and equity investors, evidenced by substantial IPO fundraising since 2021. Property developers are sharpening their focus on deleveraging, creating healthy balance sheets, ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. Also Read | Uttarakhand Chopper Crash: AAIB Says Helicopter Tumbled Down Hill After Rotor Blade Hit Overhead Cable. "This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after a strong run, the report added. India bank credit growth, which was 16 per cent a year ago, has now declined to 9 pe ...Read More >
NEW YORK, July 15 (Reuters) - Citigroup's (C.N), opens new tab profit rose in the second quarter as its traders brought in a windfall from turbulent markets. The third-largest U.S. lender's net income was $4 billion, or $1.96 per share, in the three months ended June 30, it said on Tuesday. Total net income rose 25% from a year earlier. Stocks and bonds have whipsawed since April, when U.S. President Donald Trump stunned markets by announcing sweeping tariffs against major trading partners. Vo ...Read More >
New Delhi: The sales volume of used cars in India is expected to cross 6 million units this fiscal, driven by value-conscious demand, rising digital adoption, and better access to finance, credit rating agency Crisil Ratings said in a report. This growth has pushed the used-to-new car sales ratio to 1.4, up from less than 1 five years ago, with used car volumes growing more than twice as fast as new car sales. After a tepid 5% volume growth between fiscal 2017 and 2024, used vehicle sales grew ...Read More >
Bangalore: Paisabazaar, India's leading consumer credit marketplace and free credit score platform, today announced the launch of the Paisabazaar Credit Premier League, a nationwide contest to identify India's most credit-healthy consumers. The contest is open to both existing Paisabazaar consumers and new users who check their credit score on the Paisabazaar platform -- via the website or mobile app -- during the contest period, July 5 to August 5, 2025. Participants can track their All-India ...Read More >
New Delhi [India], July 7 (ANI): Corporate revenue growth in India may face a slowdown in the coming financial year due to weaker nominal GDP growth, according to a recent report by Jefferies. The report estimates that India's nominal GDP growth is likely to ease to 9 per cent in FY26. This would be the second-lowest pace since FY04, excluding the pandemic-hit FY21. The slowdown in nominal GDP growth is expected, despite stable real GDP growth of 6.5 per cent, mainly due to lower inflation, wh ...Read More >
Mumbai: Bank lending in India continues to remain rather circumspect despite a reduction of a full percentage point in policy rates this year. Lending rose 9.6% year-on-year until mid-June, compared with 19.1% a year ago. Loans to large corporates, home loans and loans to NBFCs continue to remain soft. Credit to large corporations has risen 1% in May compared to 7.1 % a year ago. Even home loans rose 9% compared to 38.7% a year ago, showed the Reserve Bank of India's (RBI) latest data on sector ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came ...Read More >
MUMBAI: Credit to small businesses and advances in the personal loans segment have helped keep the year-to-date growth in bank credit in positive territory.According to data on sectoral deployment of bank credit as of May 2025 released by Reserve Bank of India, overall bank credit grew 0.2% from end March 2025 levels. The growth over 12 months (year-on-year) was 9%. The sluggish growth in credit was because of credit to large industries shrinking by 3.8% Rs 26.8 lakh crore - a drop of Rs 1.06 la ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adj ...Read More >
Mumbai: Bank lending in India continues to remain rather circumspect despite a reduction of a full percentage point in policy rates this year. Lending rose 9.6% year-on-year until mid-June, compared with 19.1% a year ago. Loans to large corporates, home loans and loans to NBFCs continue to remain soft. Credit to large corporations has risen 1% in May compared to 7.1 % a year ago. Even home loans rose 9% compared to 38.7% a year ago, showed the Reserve Bank of India's (RBI) latest data on sector ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police ...Read More >
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