The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
With more granular reporting and enhanced data matching, mismatches are likely to be identified more quickly.
Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) expressed concerns about inflation becoming generalised and highlighted uncertainties surrounding both inflation and growth prospects due to the West Asia conflict, according to the recently released minutes.
The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.
The Supreme Court has sought responses from the Centre and States regarding a plea alleging the misuse of Aadhaar cards as proof of citizenship, domicile, and residential address. The petition argues that despite legal provisions, Aadhaar is being used for purposes beyond identity verification, potentially aiding illegal immigrants, and calls for a comprehensive overhaul of electoral verification processes.
Indian benchmark stock indices, Sensex and Nifty, extended their winning streak for a third consecutive day, driven by positive global market trends and a significant softening of crude oil prices following a peace deal between the US and Iran.
A 42-year-old hardware shop owner, Sunil Chaudhary, was shot dead in Hathras after being taken from his home by three men. Police have registered a case, arrested one accused, and formed multiple teams to apprehend the others involved in the murder.
'How will this woman find her? And how does that affect her, because it's not a biological relationship.'
Accenture's revised annual revenue growth forecast and weaker-than-expected fourth-quarter guidance have sent shockwaves through the Indian IT sector, causing major IT stocks and the Nifty IT index to tumble significantly.
'India has initiated a bear market and we will still go lower. It has nothing to do with the economy.'
A court in Ghazipur, Uttar Pradesh, has sentenced Amjad Khan to death for the brutal murder of his four-year-old nephew, Daniyal, in 2021, citing extreme cruelty in the crime.
India's exports reached a six-month high, growing by 18 per cent to USD 45.2 billion in May, driven by electronic goods, petroleum products, engineering items, and pharmaceuticals. However, the trade deficit widened to USD 28.21 billion due to a 10 per cent rise in imports, particularly petroleum products and gold, amidst surging crude oil prices.
The Supreme Court has granted four weeks of protection from arrest to Bihar-based contractor Rishu Shree, who is accused of acting as a middleman in government tender manipulation. Shree is alleged to have charged commissions to facilitate contracts, with the Enforcement Directorate investigating a "larger conspiracy" involving multiple Bihar departments.
BEST employees continued their strike in Mumbai for a second day, causing significant disruption to public transport despite appeals from the Maharashtra Transport Minister and the invocation of MESMA. Commuters were forced to rely on alternative, overcrowded transport options, while the striking unions maintained their demands for budget merger, improved pay, and absorption of contractual workers.
Police in Unnao have detained three of the five accused in the murder of a 60-year-old man, Baba Milan Das. A murder case has been registered, and efforts are underway to apprehend the remaining two absconding suspects. The motive behind the killing is still under investigation.
The Supreme Court has declared the right to walk on demarcated footpaths a fundamental right, prioritising it over motorised vehicle movement, and has called for the establishment of a regulatory body to ensure its enforcement and provide restitutionary remedies for violations.
'The real money in India over the coming period is likely to be made in small-cap stocks rather than in the large-cap benchmark names.'
It took years and years to bump into a green banana and learn how to eat it.
Bhubaneswar police have busted a fraudulent digital escort service racket, arresting four individuals for allegedly misusing women's photographs on social media and cheating customers through online payments. The investigation, initiated by a woman's complaint, led to the seizure of digital evidence and a public advisory against such scams.
BJP workers in Balrampur, Uttar Pradesh, staged a sit-in protest and recited the Hanuman Chalisa at a police station, alleging inaction in arresting accused individuals involved in the assault of a BJP leader. The protest followed an alleged attack on BJP city vice-president Jayant Singh Dharmu. Police have registered a case and assured prompt action.
A flood relief mock drill in Bahraich, Uttar Pradesh, unexpectedly became a real rescue operation when a woman jumped into the Ghaghra river in an apparent suicide attempt. Rescuers, initially mistaking it for part of the drill, quickly saved her. Police investigations revealed the woman acted due to alleged family harassment and a dispute with her husband and in-laws, leading to a case being registered.
The Nifty 50 firms' contribution to the overall earnings of India Inc has steadily declined, reaching its lowest share in at least 21 quarters at 47.1 per cent in Q4FY26, down from 51.8 per cent a year earlier.
AAP national convener Arvind Kejriwal has criticised Prime Minister Narendra Modi for thanking US President Donald Trump, arguing that India's sovereignty and national interest should be paramount. Kejriwal questioned the basis of Modi's gratitude, citing incidents involving attacks on ships carrying Indians and the deaths of Indian nationals, and called for strong leadership to protect India's interests.
The Delhi High Court has upheld the Indian government's decision to temporarily restrict access to Telegram, citing the messaging app's capacity for 'automated dissemination' of large content, which could facilitate misinformation during the crucial NEET-UG retest.
Olympian dressage rider Anush Agarwalla and the Equestrian Federation of India (EFI) ad-hoc panel are engaged in a heated dispute over the selection process for the upcoming Asian Games. Agarwalla, a gold medallist and Paris Olympics representative, alleges a lack of transparency after being named a reserve member, while the EFI defends its process as compliant with selection criteria.
Salaried taxpayers should not use these forms blindly to file their income-tax returns.
Employees of Mumbai's BEST undertaking have launched an indefinite strike, severely impacting public transport and electricity services. The strike, called by a joint action committee, demands budget merger with BMC, settlement of dues, and implementation of the Seventh Pay Commission, among other issues. Despite court orders and MESMA invocation, the strike continues, causing widespread inconvenience to millions of commuters and electricity consumers.
Harshit Rana returns to the Indian after regaining fitness even as Yashasvi Jaiswal will have to prove his ODI credibility as India look to sweep series against Afghanistan.
The Enforcement Directorate has issued a fresh summons to Veena T, daughter of former Kerala Chief Minister Pinarayi Vijayan, for questioning on June 17 in a money laundering case involving Cochin Minerals and Rutile Ltd (CMRL). The probe focuses on alleged payments of Rs 2.78 crore from CMRL to Veena's IT firm, Exalogic Solutions, without services rendered, and loans from an associated company.
Ideology is dead; long live the numbers game that is being played with the sole intention of securing a two-third majority in the Lok Sabha for the NDA, observes Nilanjan Mukhopadhyay.
Political tensions are escalating in Uttar Pradesh as Samajwadi Party leaders strongly refute Suheldev Bharatiya Samaj Party chief Om Prakash Rajbhar's assertions of an impending split within the SP.
The case for long-term investment in gold, however, remains intact.
Olympic silver medallist wrestler Ravi Kumar Dahiya and Paralympic bronze medallist high jumper Sharad Kumar have obtained interim relief from the Central Administrative Tribunal (CAT) in their petitions for regularisation of their ad-hoc services with the Delhi government. Both athletes, who resigned from previous stable positions, have been serving in temporary roles within the Directorate of Education for several years without regularisation.
The Supreme Court dismissed Congress leader Meenakshi Natarajan's challenge to her rejected Rajya Sabha nomination, reaffirming that the Election Commission is the sole recourse for such disputes and citing Article 329(b) of the Constitution which bars judicial interference in electoral matters.
'Of our population of 1.4 billion, 80 per cent are into doomscrolling.'
The Congress on Sunday lashed out at Prime Minister Narendra Modi over the US' statements after three Indian sailors were killed in American attacks on ships, with party leader Rahul Gandhi saying the "compromised PM" listens "like an obedient servant" and "complies with the orders".
A man in Moradabad was arrested for allegedly concealing his religious identity, sexually exploiting a woman for four years, and then pressuring her to convert for marriage. The woman claims he defrauded her of Rs 12 lakh and that his family also pressured her to convert, leading to an appeal to the Chief Minister.
The Trinamool Congress (TMC) has strongly condemned a pre-dawn police search at MP Abhishek Banerjee's Kalighat residence in connection with an alleged financial fraud, calling it an act of political vendetta by West Bengal's BJP government. The party claims the search yielded no incriminating evidence, intensifying political confrontation in the state.
Lucknow police are searching for a 21-year-old woman whose father filed an FIR alleging she was forcibly taken away by an acquaintance. While the father initially mentioned conversion, police clarified that the complaint does not include religious conversion allegations, dismissing social media rumours.
Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).
