The Reserve Bank of India (RBI) conducted its daily Variable Rate Repo (VRR) auction on Monday, garnering significant interest from market participants. The auction was held to manage short-term liquidity in the…
Stock markets on a bear run; Sensex falls 750 points
Global markets also felt the pressure as investors reacted to the launch of DeepSeek, a Chinese startup’s free, open-source AI model, which is seen as a potential competitor to OpenAI’s ChatGPT. Additionally, the U.S. dollar gained strength after President Donald Trump imposed sanctions and tariffs on Colombia for refusing entry to military aircraft carrying deported migrants.
Retail Credit Growth in India Moderates Further in Q3 2024: TransUnion CIBIL Report
The CMI, a comprehensive measure of credit market health, declined to 100 in September 2024 from 103 in the same period last year. Although the indicator has remained above 100 since September 2022, the cooling demand and reduced supply have led to a continued moderation in retail credit growth
Data Story| Here’s howmuch Indian government infused in PSBs in last decade.
The capital infusion has been a critical component of the government’s strategy to revive the banking sector, which faced challenges due to rising NPAs and economic slowdowns. The funds have been utilized for provisioning against bad loans, supporting mergers, and meeting regulatory capital requirements.
Opinion: Why multiple lending is a silent killer of Indian microfinance
The distress caused by multiple lending is becoming increasingly evident. Reports of harassment, coercive recovery practices, and even suicides among borrowers in rural India have been on the rise. Karnataka, in particular, has seen a surge in complaints against MFIs, with farmers and other borrowers alleging relentless pressure to repay debts
Opinion: Why US is no longer the promised land for Indians
Developed nations, including the U.S., the U.K., and parts of Europe, are witnessing a rise in nationalist rhetoric and protectionist policies. Visa restrictions, deportations, and barriers to work opportunities for foreign nationals are becoming the norm.
Budget 2025: What does Industry expect on Feb 1 from FM Nirmala Sitharaman?
The industry is hopeful that the government will announce a slew of measures to boost consumption by ensuring more money in the hands of people, boosting capital expenditure, giving relief to the housing sector and technological innovations.
Padma Awards 2025: M T Vasudevan Nair awarded Padma Vibhushan posthumously
Folk singer Sinha and noted Malayalam screenwriter-director M T Vasudevan Nair have been posthumously honoured with Padma Vibhushan, the second highest civilian award for exceptional and distinguished service.
President Murmu supports ‘One Nation One Election’
Highlighting the significance of the proposed bill aimed at synchronising election schedules across the country, Murmu noted, “The ‘One Nation One Election’ plan can offer numerous benefits, including enhanced governance and reduced financial strain.”
ICICI Bank Q3 Results: Net Profit Rises 15% to Rs 11,792 Crore
ICICI Bank, India’s second-largest private sector lender, reported a robust performance for the third quarter of fiscal year 2025, with net profit rising 15% year-on-year to Rs 11,792 crore. The bank had…