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Public sector banks are showing renewed strength and resilience. Credit growth now surpasses private banks. This improvement stems from better due diligence and credit standards. Customers are returning due to increased efficiency and transparency. Banks are urged to support MSMEs and startups. Specialised branches are being launched to offer sector-specific financial solutions and drive inclusive growth. Public sector banks have emerged stronger and more resilient, with credit growth outperfor ...Read More >
New Delhi [India], October 16 (ANI): External Affairs Minister S Jaishankar on Thursday held talks with Sri Lankan Prime Minister Harini Amarasuriya and discussed strengthening cooperation between the two nations. In a post on X, he said, "Pleased to meet PM Harini Amarasuriya of Sri Lanka this morning in Delhi. Discussed India's continued support to Sri Lanka and strengthening our cooperation in education & capacity building." Also Read | Pakistani Airstrike Kills Civilians in Balochistan: At ...Read More >
New Delhi [India], October 16 (ANI): External Affairs Minister S Jaishankar on Thursday held talks with Sri Lankan Prime Minister Harini Amarasuriya and discussed strengthening cooperation between the two nations. In a post on X, he said, "Pleased to meet PM Harini Amarasuriya of Sri Lanka this morning in Delhi. Discussed India's continued support to Sri Lanka and strengthening our cooperation in education & capacity building." Earlier in the day, Amarasuriya stated that her visit to India aim ...Read More >
CHENNAI: Indian Overseas Bank (IOB) on Thursday posted a 57.8% rise in net profit at Rs 1,226 crore in the quarter ended Sept 30, 2025, against Rs 777 crore in the corresponding quarter last year. It was driven by growth in interest income and lower provisions. With the reduction in repo rate impacting the yield on advances, the public sector lender has witnessed a decline in repo-linked portfolio, while the marginal cost of funds based lending rate (MCLR) has increased.The net interest income ( ...Read More >
New Delhi, Oct 16 (PTI) Public sector Indian Bank on Thursday reported an 11.53 per cent rise in net profit to Rs 3,018 crore for the second quarter ended September 30 of the current fiscal. The bank posted a standalone net profit of Rs 2,706 crore during the September quarter of 2024-25 fiscal. Interest income rose to Rs 11,964 crore during the September quarter of FY26, from Rs 11,125 crore in the year-ago period. Provisioning against bad loans was down to Rs 739 crore during the quarter ag ...Read More >
India is set to invest 6.4 trillion rupees in a massive transmission plan. This initiative aims to harness over 76 gigawatts of hydroelectric power from the Brahmaputra basin by 2047. The plan focuses on developing numerous projects in the northeastern states. This move is crucial for meeting India's growing electricity demand and reducing reliance on fossil fuels. India's power planning authority has drawn up a 6.4 trillion rupees ($77 billion) transmission plan to move more than 76 gigawatts ...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- ...Read More >
Bengaluru: The Karnataka government has decided to bring in a legislation to provide one day paid leave every month for women employees across the sectors, during their menstrual periods. Karnataka Labour Minister Santhosh Lad, who made the proposal in the Cabinet meeting on Thursday said that the bill will be applicable to all the women working both in private and public sectors. Stating that this was the first of its kind in the country, the government, in 2024, had proposed six menstrual le ...Read More >
Chennai (Tamil Nadu) [India], October 7 (ANI): Tamil Nadu Chief Minister MK Stalin on Tuesday inaugurated the Space and Defence Industries Exhibition in Chennai. During his address, MK Stalin said that Tamil Nadu is emerging as a leader in the manufacturing sector and emphasised the state's commitment to the growth of India's space sector. "Tamil Nadu is emerging as a leader in the manufacturing sector. It is the only state to have achieved double-digit economic growth. The state is making its ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
NEW DELHI: Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the packages, effective from ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Many major financial and regulatory changes took effect on Wednesday, affecting small banking, postal services, pensions, and railway ticketing. Indian Railways booking platform IRCTC has launched new Aadhaar-based guidelines for the online booking of general tickets to prevent misuse of the reservation system by fraudulent agents. India Post is expected to revise its Speed Post charges and introduce an OTP-based delivery system to improve the security of the p ...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, me ...Read More >
Bengaluru : Bank of Baroda (Bank), one of India's leading public sector banks, and IIFL Finance, a leading Non-Banking Financial Company (NBFC), have entered into a Co-Lending partnership to offer gold loans primarily targeted at underserved and unbanked customer segments across semi-urban and rural India. The collaboration aims to provide small borrowers with faster, easier, and more affordable credit for agricultural and allied activities. Under this agreement and in line with the Reserve Ban ...Read More >
Chennai: A shocking screenshot of an internal email, highlighting workplace toxicity at a public sector bank, has gone viral on social media. In the email, an employee of UCO Bank filed a complaint with the bank's higher management, alleging "inhuman and toxic behaviour" by the Chennai zonal head. The email, addressed to the bank's top brass, was titled "Complaint Regarding Inhuman and Toxic Behavior by Zonal Head, Chennai - Request for Immediate Action." "It is with deep concern that wish to ...Read More >
NewsVoir New Delhi [India], September 29: The ESG Research Foundation (ESGRF), a leading Section 8 not-for-profit organization, successfully concluded its prestigious 3rd Prithvi Award ceremony at the Hotel Shangri-La, New Delhi, September 27, 2025. The event recognized and honoured more than 25 organizations for their outstanding contributions to environmental protection and sustainability. The ceremony was graced by Shri Arjun Ram Meghwal, Hon'ble Union Minister of Law and Justice and Minist ...Read More >
MUMBAI: The Reserve Bank has issued revised norms mandating banks to settle claims on a deceased customer's account and lockers within 15 days, ordering compensation for delays. Simplified and streamlined procedures apply for bank accounts without a nominee, with less than or up to Rs 15 lakh deposits and Rs 5 lakh for co-op banks, while higher amounts may require additional documents. The development comes even as the amount of unclaimed money lying in bank accounts has risen to a whopping Rs ...Read More >
The Indian rupee (INR) plunged to near its all-time weakest level on Monday, weighed down by sustained foreign portfolio investor (FPI) outflows and strong corporate demand for US dollars. The INR settled at 88.76 against the US dollar, just shy of last week's all-time low of 88.7975 against the greenback. The Indian currency opened slightly higher, but steadily weakened throughout the trading session. India's public sector banks intervened with dollar sales, likely under the guidance of the Re ...Read More >
New Delhi: The Centre has issued operational guidelines for the deployment of about 72,300 public EV charging stations across the country with a Rs 2,000-crore outlay under the Rs 10,900 crore PM E-DRIVE scheme. The norms recommend a tiered subsidy structure to be followed to support the installation of EV charging infrastructure across different locations.Government premises such as offices, residential complexes, hospitals, and educational institutions will receive 100 per cent subsidy on bot ...Read More >
New Delhi, May 16 (IANS) Public sector military aircraft manufacturer Hindustan Aeronautics Ltd said on Friday that it expects to deliver as many as 12 LCA Mk1A fighter jets to the Indian Air Force this year, following the commencement of delivery of engines from US tech giant GE. The defence PSU said in an earnings call that it expects to roll out the first combat jet in the next couple of months. The aircraft and helicopter manufacturer said it sees FY26 revenue growth in the range of 8-10 pe ...Read More >
Jaipur (Rajasthan) [India], September 27 (ANI): On the inauguration of the indigenous BSNL 4G network in the country, Rajasthan Chief Minister Bhajanlal Sharma on Saturday applauded the efforts of Prime Minister Narendra Modi and said that it was a step forward for India towards a 'new' and 'self-reliant nation.' Prime Minister Narendra Modi today inaugurated Bharat Sanchar Nigam Limited's (BSNL) 'Swadeshi' 4G network from Jharsuguda in Odisha. The launch coincided with BSNL's silver jubilee ce ...Read More >
Bank of Baroda has received approval from IFSCA to operate as a Trading-Cum-Clearing Member on the India International Bullion Exchange (IIBX) at GIFT City. This strategic move positions its International Banking Unit as a key hub for bullion trading, aiming to boost liquidity and efficiency in India's bullion market. Bank of Baroda on Friday said it has received an approval from the International Financial Services Centres Authority (IFSCA) to operate as a Trading-Cum-Clearing Member (TCM) on ...Read More >
With uncertainty becoming a defining feature of the global landscape, the role of banks has become much more critical not just as custodians of savings but also as engines of growth, Finance Minister Nirmala Sitharaman said on Thursday. She noted that financial institutions play a crucial role in national infrastructure building and banks must maintain strong balance sheets to fund significant investments, meet the demand for credit, and provide innovative financial products and capital expendit ...Read More >
New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is ... New Delhi [India], September 26 : Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is w ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that i ...Read More >
NEW DELHI: Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL) to open salary accounts for the public sector telecom carrier's employees. Under this MoU, PNB will extend its specially designed salary account offerings to the employees of BSNL, covering a wide range of benefits aimed at ensuring their financial security and convenience. The key features of salary accounts include free hospicash facility, free term insurance, free pe ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty closed lower for the third consecutive day on Tuesday in a volatile trade, dragged by selling in IT and blue-chip private banking shares and foreign fund outflows amid concerns over the steep hike in US H-1B visa fees. After oscillating between gains and losses during the day, the 30-share BSE Sensex closed lower by 57.87 points or 0.07 per cent at 82,102.10. During the day, it hit a high of 82,370.38 and a low of 81,776.53, fluctuating by 593.85 ...Read More >
New Delhi : Servotech Renewable Power System Ltd. (NSE: SERVOTECH), India's leading solar solutions manufacturer, is proud to announce that it has bagged a 1.2 MW grid-connected rooftop solar project from Northern Railway Moradabad Division. This project marks yet another milestone in Servotech's journey of driving India's clean energy transition. As part of this contract, Servotech will carry out end-to-end execution of on-grid rooftop solar PV systems. This includes the design, manufacturing, ...Read More >
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