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.
Ghana midfielder Thomas Partey was denied entry into Canada for a FIFA World Cup qualifier against Panama due to ongoing criminal proceedings in the UK, where he faces rape and sexual assault charges. Canada's Federal High Court upheld the visa refusal, despite Ghana's government calling the decision "extremely unfair" and questioning the reliance on unproven allegations.
Indian-origin forward Nishan Velupillay made his FIFA World Cup debut for Australia on June 14, coming on in the second half of their 2-0 victory over Turkiye. The 25-year-old, whose journey from academy football has been rapid, is considered one of Australia's most exciting attacking prospects. He now has eight international appearances and three goals for the Socceroos.
Through his commitment to democratic norms, debate, dissent and constitutionalism, Jawaharlal Nehru helped ensure that parliamentary democracy took deep root in independent India. Utkarsh Mishra evaluates Nehru's 17 years as India's first prime minister, examining his role in nation-building, democratic institution-building, economic planning, scientific advancement and foreign policy.
Navi Mumbai Police have arrested a 21-year-old history-sheeter, Swapnil Khopde, in connection with multiple vehicle theft cases. The arrest led to the recovery of five stolen two-wheelers, with cases registered under the Bharatiya Nyay Sanhita.
An innovation roadmap, a mechanism to double annual bilateral trade within next five years, and a joint artificial intelligence framework were among 13 outcomes to emerge from wide-ranging talks between Prime Minister Narendra Modi and President Emmanuel Macron on Sunday.
Former India captain Virat Kohli congratulated New Zealand batting icon Kane Williamson, who called time on his career on Friday.
The Nationalist Citizens Party of India's campaign posters carry the message: 'To save your rights, reject political turncoats. Support social workers, not political personalities,' and urges voters to press the symbol of a pen nib.
The Indian government has officially refuted social media claims regarding a leak of the UPSC Civil Services Preliminary Examination question paper. The Press Information Bureau's Fact Check wing labelled these allegations as "fake," clarifying that an institute's backdated answer key explanations were misinterpreted, not indicative of a leak.
RSS chief Mohan Bhagwat has firmly rejected demands for the organisation to register itself, asserting that the Sangh operates openly and has nothing to hide. Responding to Karnataka Home Minister Priyank Kharge's call for registration, Bhagwat stated that such demands are politically motivated and that the government is well aware of the RSS's existence and activities.
Indian benchmark indices Sensex and Nifty recovered early losses to trade higher, supported by encouraging developments on the geopolitical front, specifically the US-Iran peace deal, and easing crude oil prices.
The family of Irfan Sheikh, a cabin crew member who died in the Air India plane crash in Ahmedabad last year, continues to recharge his mobile phone and send him WhatsApp messages as a way to cope with their enduring grief.
Delhi Police have arrested an 82-year-old man who had been on the run for nearly 40 years after allegedly murdering his wife in 1986. The accused was apprehended in Delhi after a renewed investigation.
Students at Stanford University staged a walkout during Google CEO Sundar Pichai's commencement address, protesting the company's ties with the Israeli government, particularly its Project Nimbus cloud-computing deal.
British armed forces, including Royal Marine Commandos, intercepted the Russian shadow fleet oil tanker SMYRTOS in the English Channel, marking the UK's first such operation. The action aims to disrupt Russia's funding for its war in Ukraine, with the UK government highlighting the shadow fleet's role in sustaining Moscow's military efforts.
Rohit Sharma remains an important member of the Indian ODI team not just for his batting but also for his leadership abilities, spin-bowling coach Sairaj Bahutule said.
The Trinamool Congress (TMC) is grappling with a severe internal crisis, evident as rival factions occupied separate sections of the opposition benches during the West Bengal assembly's budget session. This public display of disunity follows the party's defeat in the 2026 assembly elections and ongoing legal challenges over leadership.
Hrithik Roshan is making a significant move towards Hollywood, having signed up with the prestigious global talent agency Anonymous Content to explore international acting opportunities.
Indian javelin throw superstar Neeraj Chopra is set to make his competitive return at the Doha Diamond League on June 19. The Olympic champion has been recovering from a back injury that kept him out of action earlier this season. His management firm confirmed his participation via Instagram.
The luxury carmaker plans to drive growth through local assembly of the MINI Countryman, expansion into 10 new cities and a broader product portfolio.
Police in Thane, Maharashtra, have registered an FIR against a man for allegedly filming two women through a bathroom window in Bhiwandi. The incident, reported by a 16-year-old, led to charges under the Bharatiya Nyay Sanhita and POCSO Act, with the accused currently absconding.
Thousands of New York Knicks fans celebrated their NBA Finals victory in Midtown Manhattan, leading to chaotic scenes including a World Cup bus being set alight and a teenager suffering a gunshot wound in Times Square. Police eventually intervened to disperse the unruly crowds.
Delhi Police busted a prostitution racket operating under the guise of a spa in Paharganj, arresting one man and rescuing five women after a decoy operation.
A dispute among three friends in Moradabad's Khanpura village escalated into a fatal shooting, leaving one 22-year-old man dead and another seriously injured. Police have registered a case under the Bharatiya Nyaya Sanhita and are investigating the cause of the altercation.
Their Supreme Sacrifice for the Motherland will Never be Forgotten.
Global brokerage Citi has reduced its Nifty 50 index target to 26,000 from 27,000, citing persistent geopolitical tensions, risks to corporate earnings growth, and concerns about India's role in the global artificial intelligence (AI) ecosystem.
As Akshay Kumar, Suniel Shetty, and Paresh Rawal reunite for Welcome To The Jungle, here's a nostalgic ranking of every film that brought Bollywood's most beloved comic trio together.
The Aircraft Accident Investigation Bureau (AAIB) has issued an interim statement on the probe into the Air India AI171 plane crash that killed 260 people last year, confirming that the investigation is ongoing and the final report will be released after all processes are complete.
A 70-year-old man, Ram Dulare Koiri, was shot dead by two unidentified motorcycle-borne assailants during his morning walk in Prayagraj's Colonelganj area. Police have identified the attackers through CCTV footage and are working to apprehend them, with the motive yet to be determined.
A Delhi court has convicted a 26-year-old habitual offender, Manoj alias Monu, in a mobile phone snatching case within 19 days of the trial's commencement, demonstrating a fast-tracked judicial process.
Speculation is rife about a potential rebellion among MPs of the Uddhav Thackeray-led Shiv Sena (UBT), with ruling Sena leader Pratap Sarnaik hinting at welcoming dissidents. Despite a Sena (UBT) MP meeting a rival minister and several skipping a party meeting, senior leaders Sanjay Raut and Anil Desai have dismissed the defection rumours, asserting the unity of their parliamentarians.
Veteran midfielder Manpreet Singh equalled former skipper Dilip Tirkey's record of 412 international appearances for India, but the Indian hockey team lost 2-3 to the Netherlands in the FIH Men's Pro League. Hockey India officials congratulated Manpreet on his significant milestone.
Uruguay winger Maximiliano Arajo, whose grandfather hailed from Goa's Loutolim village, scored a late equaliser to earn his side a 1-1 draw against Saudi Arabia in their FIFA World Cup opener.
Indian squash players Abhay Singh and Velavan Senthilkumar are set to defend their title at the 3rd Asian Doubles Squash Championships in Sarawak, Malaysia. Other Indian pairs, including Joshna Chinappa with Rathika Seelan and Joshna with Senthilkumar in mixed doubles, are also strong contenders.
Beauty and lifestyle retailer Nykaa has announced a multi-year collaboration with OpenAI to integrate AI-driven shopping experiences through ChatGPT. This partnership will allow users to receive conversational recommendations for beauty and fashion products, with Nykaa fulfilling these queries. Additionally, OpenAI's technologies will be deployed across Nykaa's internal operations to boost productivity.
Qatar's resilience against Switzerland owed much to goalkeeper Mahmoud Abunada, whose key saves kept them in the game, a remarkable comeback for a player once close to retirement due to a serious back injury.
Investors are keenly awaiting clarity on Reliance Jio Infocomm's IPO, the company's AI and data centre strategies, and next-generation leadership structure at Reliance Industries Ltd's (RIL's) 49th annual general meeting (AGM).
A Class 10 student was fatally stabbed by a 16-year-old peer during an extra class at a school in Chandauli, Uttar Pradesh. The accused claimed the victim had been abusing him. Police have registered a case under the Bharatiya Nyaya Sanhita and sent the accused to a juvenile home.
Italian Prime Minister Giorgia Meloni and Prime Minister Narendra Modi playfully acknowledged their viral 'Melodi' trend at the G7 Summit, with Meloni joking, "We are the most famous couple on Instagram."
A 37-year-old woman techie in Hyderabad allegedly died by suicide by jumping from the sixth floor of an apartment building, carrying her six-month-old baby. The infant miraculously survived the fall after landing on solar fence cables. Police are investigating the incident, which is believed to be linked to the woman's depression.
