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.
India's economy in FY26 saw significant momentum from investment demand, with gross fixed capital formation (GFCF) accelerating to 8.2 per cent, while private final consumption expenditure (PFCE) also grew steadily, according to provisional estimates.
'For every 10,000 applicants, even an additional Rs 300 to Rs 700 per candidate for testing, assessment administration and re-screening can mean Rs 30 lakh to Rs 70 lakh extra at the hiring-stage cost before training begins.'
Trinamool Congress (TMC) leaders Kalyan Banerjee and Kirti Azad have launched a scathing attack on rebel party MPs, accusing them of lacking political morality, maintaining links with the BJP, and abandoning party workers amidst alleged harassment and political attacks.
Bank of Baroda economists project India's GDP to grow 6.5-6.8 per cent in FY27 but warn that the fiscal deficit could overshoot the budgeted 4.3 per cent target, potentially reaching 4.7-4.8 per cent of GDP due to subsidy overruns, excise duty cuts, and oil marketing company losses.
'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
Cash remains dominant for many transactions despite continued expansion in digital payments across the country.
The Central Board of Secondary Education (CBSE) announced that nearly 40,000 students have successfully applied for verification and re-evaluation of Class 12 board exam answer books, despite the portal facing cyberattacks, including a denial-of-service attempt.
Uttar Pradesh DGP Rajeev Krishna announced a conviction rate of over 93 per cent due to the state's 'zero tolerance' policy against crime. Authorities seized properties worth nearly Rs 788.38 crore linked to criminal activities.
Amrita Singh Tomar, a woman tehsildar known for her appearance on 'Kaun Banega Crorepati', has been arrested in connection with a Rs 2.5 crore flood relief scam in Madhya Pradesh.
Amita Singh Tomar, a woman tehsildar who gained fame on 'Kaun Banega Crorepati', has been arrested for her alleged involvement in a Rs 2.5 crore flood relief scam in Madhya Pradesh.
The India A men's team is set to host Australia A for a shadow tour in September-October, featuring two four-day 'Test' matches and three List A games, as announced by the BCCI. The board also released a comprehensive schedule for men's and women's age-group and pathways teams, including series for the senior women's side.
Seven women, including two wives of an accused peon, have been arrested in connection with an alleged embezzlement of Rs 5.5 crore from the District Inspector of Schools office in Pilibhit, officials said on Saturday.
In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board
A tractor-trolley overturned in Sheopur district, Madhya Pradesh, resulting in the deaths of four women and injuries to 26 others. The accident occurred as members of the Gurjar community were travelling to a religious ceremony.
The Infinix Note 60 Pro is now on sale across India -- the entry model is equipped with 8 GB memory and 128 GB storage. It is priced at 31,999.
Virat Kohli praises Smriti Mandhana and Jemimah Rodrigues for their performances in women's cricket, highlighting Rodrigues' World Cup semi-final knock as particularly special. He also acknowledges the impact of the Women's Premier League (WPL) on the rising standards of Indian women's cricket.
Reliance Group chairman Anil Ambani did not appear before the Enforcement Directorate for questioning in a money laundering case linked to an alleged bank fraud. The ED is investigating loan fraud allegations against multiple Anil Ambani group companies.
'I cannot imagine that any NSA before Ajit Doval would have given us this kind of time and this kind of engagement. They would have offered slogans, or nothing at all. That, too, tells you something.'
India's new manufacturing project announcements more than halved in the fourth quarter of FY26, falling 60 per cent sequentially and 78 per cent year-on-year to approximately 1.7 trillion, driven by global uncertainties, geopolitical conflicts in West Asia, and existing unutilised manufacturing capacity.
Former India cricketer Kiran More tips India to beat Pakistan in the T20 World Cup 2026 in Colombo and hopes Hardik Pandya delivers in the high-pressure encounter.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra is now confronting the classic growth-inflation tradeoff, a situation exacerbated by the West Asia war, which threatens to end the 'goldilocks period' of low inflation and robust growth.
Former India cricketer Jacob Martin rammed into three parked cars while driving his luxury SUV allegedly under the influence of alcohol in Vadodara.
In an era where today's cricketers seldom read reports or build personal bonds with journalists, these four belonged to a different, warmer time. They valued relationships. They acknowledged the storyteller.
India's flamboyant all-rounder Hardik Pandya has described winning his second successive T20 World Cup title as fulfilment of a personal promise and declared that "this is just the start" of the team's dominance.
Vidarbha failed to advance on basis of the bonus points after it finished level on points with Andhra and Jharkhand.
US-born Aman Rao underlined his prowess as a big hitter with a scintillating unbeaten double century to propel Hyderabad to a commanding 352 for 5 against Bengal.
They posted an astonishing 349/5 against Sikkim, the highest total ever recorded in T20 cricket, at the Holkar stadium in Indore.
Revenue collection next financial year may be affected, and, along with this, subsidies on food and fertilisers can go up if the war in West Asia drags for long, according to experts.
Indian cricket greats Virat Kohli and Rohit Sharma were felicitated by the Baroda Cricket Association during the first ODI against New Zealand at the Kotambi Stadium on Sunday, in what turned into one of the most talked-about moments of the match.
State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI's rate reduction. Meanwhile, private sector HDFC Bank reduced its Marginal Cost of Funds-based Lending Rates (MCLR) by 10 basis points across tenure, which will benefit borrowers whose loans are linked to this benchmark.
'Bank has enabling provision to raise capital up to Rs 7,500 crore over a longer period of time.'
Jammu and Kashmir alleged that the pitch was tampered with overnight to favor Baroda in their ongoing Ranji Trophy clash.
Hardik Pandya's dazzling performance with both bat and ball powered Baroda to an emphatic 149-run victory against Chandigarh.
Yuzvendra Chahal's impressive bowling performance and Yash Dhull's explosive batting were among the highlights of the opening day of the DY Patil T20 Cup.
Fan frenzy over star India all-rounder Hardik Pandya forced the organisers to shift the Syed Mushtaq Ali Trophy match between his team Baroda and Gujarat to a more secure Rajiv Gandhi International Stadium from a nondescript Gymkhana ground in Hyderabad on Thursday.
The South Africans had only recently wiped away their reputation of being chokers. Finn Allen got them to choke again.
Karnataka on shaky ground against Punjab despite Rahul's fifty; Desai puts Saurashtra on cusp of win
Maharashtra secured a resounding 439-run victory over Baroda in a Group A Ranji Trophy match, keeping defending champions Mumbai's hopes alive for the knockout stage.
