Rapid growth in personal gold loans has raised concerns over borrower leverage, large-ticket exposure and volatility in gold prices, points out Swaminathan J, Deputy Governor, Reserve Bank of India.
Sumit Antil, a two-time Paralympic gold medallist, has criticised a segment of coaches for being egoistic, using outdated training methods, and being abusive. He shared his own experiences and those of other athletes to highlight the issues within the coaching system.
Admitting that credit growth is "very low" given the size and growth rate of the economy, the Reserve Bank on Wednesday said for both the numbers to match, "the very very wide output gap" has to close. The central bank also clarified that low credit growth does not necessarily mean low credit flow to the economy, or choking of credit to the system, as bank credit growth numbers that the central bank publishes regularly represent only the outstanding credit in the system. Output gap means due to poor demand conditions, companies are unable run their plant at full installed capacity or, in a larger sense, an economy is not producing optimally as the demand is missing.
India's organised gold jewellery retail sector is projected to experience a 13-15 per cent year-on-year decline in sales volumes this fiscal, following an 8 per cent drop last year, due to elevated gold prices and a recent import duty hike, according to a Crisil report.
NPCI BHIM Services Ltd is expanding the BHIM app to feature phones to increase financial inclusion and diversify revenue through financial product distribution. The app aims to double its market share and is focusing on partnerships with banks and new features like UPI Circle.
A government mandate requiring central public sector enterprises to use the Trade Receivables Discounting System (TReDS) for settling small business invoices is expected to significantly increase volumes on these platforms.
'In investing, poor sentiment is always a good vintage to build a portfolio.'
Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.
'Credit growth in India remains in double digits, even though corporate borrowing is subdued.' 'Corporate credit is weak because companies are cash-rich and cautious amid global uncertainty.'
Two-time Paralympic gold medallist Sumit Antil alleges that a significant portion of coaches are egoistic, use outdated training methods, and are sometimes abusive. Antil cites his own experiences and those of other athletes to support his claims, highlighting issues such as the lure of prize money and the lack of responsibility taken for athletes who don't succeed.
Reliance Industries' digital arm, Jio Platforms, may see its initial public offering (IPO) delayed to the second half of fiscal 2027, according to CreditSights. The delay is primarily attributed to ongoing geopolitical tensions in the Middle East, which could impact market conditions and investor sentiment.
Indian shooter Esha Singh credits her mental fortitude, developed after the Paris Olympics, for her recent success, including a world-record gold at the ISSF World Cup in Munich.
Suryakumar Yadav credits his wife, Devisha, for her honest feedback and support, which he says was instrumental in his journey to playing for India and ultimately captaining the team to a T20 World Cup title.
Satyan Gajwani, chairman of Times Internet Limited and RCB's new co-owner, discusses the significance of American companies investing in IPL franchises like RCB and Rajasthan Royals, highlighting the league's immense growth potential and global appeal.
"Policy sales will be one of the focus areas for the company because looking at the large insurance gap, large number of people being uncovered. The only right way to go is to increase the number of policies," said Amit Jhingran, MD & CEO, SBI Life Insurance.
Devdutt Padikkal credits Virat Kohli for helping him understand how to construct an innings in T20 cricket. He also spoke about his experiences with Rajasthan Royals and Lucknow Super Giants, and how they helped him grow as a player.
Tilak Varma's match-winning innings for Mumbai Indians against Punjab Kings was followed by a touching tribute to Rohit Sharma, celebrating his iconic jersey number.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
The banking sector could see better loan growth in the third quarter of financial year 2026 (Q3FY26) with improved net interest margins (NIMs), though the full impact of latest rate cuts will be largely felt in the fourth quarter. There may be lower slippage in unsecured loans and microfinance institutions (MFIs) along with steady recovery trends, which should lower credit cost.
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
Global rating agency Fitch said on Monday that bank credit growth in excess of 13 per cent year on year in FY23 could put pressure on core equity tier ratios (CET1) of banks, especially public sector lenders. It may limit the buffers of Indian banks to absorb potential future losses. Bank credit expanded by 11.5 per cent in FY22. Full-year loan growth for FY23 will represent a modest slowdown from the 17 per cent YoY pace in H1FY23.
The Competition Commission of India (CCI) has approved the acquisition of a stake in AI acceleration cloud provider Neysa Networks by Blackstone-backed private equity funds and other investors, following Neysa's announcement of a USD 1.2 billion capital raise.
Banking credit in the economy grew by 11.1 per cent year-on-year (Y-o-Y) in the fortnight ended March 7, while deposits grew at 10.2 per cent during the same period, which is a gap of around 90 basis points (bps), according to the latest data from the Reserve Bank of India (RBI).
Banks are witnessing a surge in hiring for sales staff in secured segments such as home, vehicle and gold loans as compared to the recovery category, driven by a boost in business growth, and a host of regulatory measures aimed at improving ease of doing business, according to industry experts.
Indian tennis player Maaya Rajeshwaran Revathy is strategically balancing junior and professional tournaments as she prepares to transition to the senior circuit. Training at the Rafa Nadal Academy in Spain, the 16-year-old aims to build confidence and secure a strong junior ranking before fully committing to professional events.
Shares of Avenue Supermarts, operator of DMart, fell 5.2 per cent after reporting mixed Q4 FY26 results, with brokerages offering divergent 'sell', 'buy', and 'hold' ratings based on factors like valuation, competitive intensity, and store expansion strategies.
Indian tennis player Maaya Rajeshwaran Revathy is strategically balancing junior and professional tournaments as she prepares to transition to the senior circuit. Training at the Rafa Nadal Academy in Spain, the 16-year-old aims to build confidence and secure a strong junior ranking before fully committing to professional events.
Investors are moving away from the commercial paper (CP) market towards certificates of deposit (CDs), as primary CD issuances and rates on these short-term instruments rise.
Fintech giant PhonePe has announced it has surpassed 50 million registered merchants on its platform, marking a significant milestone as it expands its financial service offerings beyond QR code payments.
A look at the profiles of the ministers in the new Tamil Nadu government led by Joseph C Vijay of the Tamilaga Vettri Kazhagam (TVK).
Microsoft founder and Gates Foundation chairman Bill Gates on Tuesday hailed Andhra Pradesh's rapid development, saying it was exciting to see the state's growth being accelerated through AI and technology.
Indian insurance companies are bracing for reduced profitability in Q4FY26, primarily due to the rationalisation of GST on retail life and health policies, leading to a loss of input tax credit, coupled with volatility in equity markets impacting investment income.
This would imply a 29 per cent year-on-year rise, significantly lower than growth rates seen in recent years.
Royal Challengers Bengaluru's director of cricket, Mo Bobat, attributes the team's IPL success to a 'hunter mindset' that prevents complacency after their previous trophy win. This psychological shift has been key to maintaining motivation and focus.
The benchmark BSE Sensex's trailing 12-month price-to-earnings (P/E) multiple has declined to 20.2x, its lowest since May 2020, driven by a record $42 billion FPI selloff since September 2024 and concerns over corporate earnings and economic growth.
American brokerage BofA Securities on Friday said the Indian economy continues to be "weak", pointing to activity indicators tracked by it. On the positive side, the brokerage said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling. It can be noted that there has been a slew of reports lately about a stronger recovery being underway after the jolt caused by the pandemic.
Private sector lender Yes Bank reported a 45 per cent increase in its March quarter net profit to Rs 1,068 crore, with its new managing director and CEO, Vinay M. Tonse, signalling the end of its over six-year-long recovery phase and a readiness to align loan growth with the broader banking sector.
Devdutt Padikkal credits his captaincy experience with Karnataka for enhancing his game awareness and contributing to his development as a T20 batter. He also praised Virat Kohli's intensity and the supportive environment at Royal Challengers Bengaluru.
If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.
Bernstein brokerage firm maintains 'Outperform' rating for Paytm, stating the PPBL licence cancellation will not impact Paytm's business and may open new regulatory opportunities.
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