The bad assets or gross NPAs of commercial banks fell to a 12-year low of 2.8 per cent in March 2024 and may go down further to 2.5 per cent by the end of the current fiscal, said the RBI's Financial Stability Report (FSR) released on Thursday. Scheduled Commercial Banks' (SCBs) gross non-performing assets (GNPA) ratio fell to 2.8 per cent, and the net non-performing assets (NNPA) ratio to 0.6 per cent at the end of March 2024. "The asset quality of SCBs recorded sustained improvement, and their GNPA ratio moderated to a 12-year low in March 2024. Their NNPA ratio too improved to a record low," said the June FSR.
The BJP's decision to drop Namgyal comes amid resentment towards the ruling party among a section of Buddhists in Leh.
Climate activist Soman Wangchuk announced on Sunday that he will launch a 28-day fast on Independence Day if the government does not invite Ladakh authorities for talks on demands for statehood and constitutional protection for the union territory.
'The committee has been constituted. Different government departments and FSDC members are part of it.'
Of the 26 seats for which elections were held on October 4, results of 20 seats have been declared so far, they said.
'If the BJP does not change its stand, we will hope that those who are in favour of protecting Ladakh come to power.'
What should have been a direct contest between the Bharatiya Janata Party and the Congress in the Ladakh Lok Sabha constituency is now a three-corner fight with an alliance of local groups fielding an Independent to challenge the national parties.
Mehbooba Mufti-led PDP accused National Conference vice president Omar Abdullah of leaving them "no option".
Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
The 14-member delegation of the Apex Body Leh and Kargil Democratic Alliance met the high-powered committee for Ladakh headed by Minister of State for Home Affairs Nityanand Rai.
The People's Democratic Party and the National Conference -- the two Indian National Developmental Inclusive Alliance (INDIA) partners in Jammu and Kashmir -- will be taking on each other on the three Lok Sabha seats in the valley.
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
The ministry said the high powered committee for Ladakh headed by Minister of State for Home Nityanand Rai has been working actively with representatives of the ABL and the KDA and significant progress has been made.
Co-lending deals between non-banking financial companies (NBFCs) and banks are likely to rise after the Reserve Bank of India's (RBI's) decision to increase the risk weight on consumer credit, industry leaders and experts say. Smaller NBFCs, they add, may increasingly opt for co-lending as capital markets could become costlier for them. "Smaller NBFCs will be more comfortable with co-lending because they are geography-specific in terms of industry or customers.
Experts recommend awaiting the findings of the 2021 Census, which is yet to be conducted, before introducing population control policies.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
The Supreme Court on Wednesday set aside the August 5 notification of the election department of the Union territory of Ladakh for the hill council polls and ordered issuance of a fresh election schedule within a week.
Defence Minister Rajnath Singh on Wednesday assured justice to the families of three civilians who were found dead last week after being allegedly picked up by the Army following an ambush on two of Army vehicles in Jammu and Kashmir's Poonch district.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
Gandhi, who is currently on a tour of the Union Territory of Ladakh, covered a distance of about 130 km to reach Lamayuru where he will stay overnight before moving to Zanskar, a tehsil of Kargil district, on Wednesday. He will be in Kargil town on Thursday.
The former Congress president is currently on a tour of Ladakh -- his first since the region was made a Union territory after being carved out of Jammu and Kashmir in August 2019 -- and is likely to visit Kargil next week.
Besides, Rs 360 crore will be allocated for Chief Ministers' Special Development Programme and Minorities Colony Development Programme in the year, he said.
The tourism industry expects a short-term impact, as it is counting on the state's proven expertise in managing such crises.
A plea has been filed in the Supreme Court seeking directions to the Election Commission and the government for holding early assembly polls in Jammu and Kashmir.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
The Union Territory of Ladakh created history by successfully conducting its maiden 21-km trail running event in sub-zero temperature at 13,862 feet high Pangong Tso.
The representatives of outfits, including three breakaway factions, deposited their arms to the chief minister at a ceremony organised by the home department Guwahati.
'Our villagers used to go up to Finger 4 and Finger 6, but today the Chinese are there.' 'Since April 2020, Chinese troops have blocked Indian troops from reaching at least ten patrolling points running from the Depsang plains in the north to Pangong Tso lake in the south.'
Elections in Jammu and Kashmir can be held "anytime from now" as the work on updation of voters list is almost over, the Centre told the Supreme Court on Thursday but remained non-committal about setting a time-frame for restoration of statehood to the Union territory (UT).
The Act deals with automatic disqualification of MPs and state legislators upon being convicted and sentenced for two years or more in a criminal case.
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
Environmental activist and educator Sonam Wangchuk accused the BJP of reneging on its promise of including Ladakh under the sixth schedule.
The letter shared with the media on Saturday comes amid Maharashtra losing several big-ticket projects to neighbouring Gujarat.
The DDC election is being seen as a triangular contest among the People's Alliance for Gupkar Declaration, the BJP and the Apni Party floated by former finance minister Altaf Bukhari.
Finance Minister Nirmala Sitharaman on Tuesday said the Russia-Ukraine crisis and the ensuing jump in global crude prices are a challenge to financial stability in India. The two issues were discussed at the meeting of Financial Stability Development Council (FSDC), which comprises all the financial sector regulators, Sitharaman told reporters in Mumbai. "It is difficult to say how it (crude prices) will go.
The Ministry of Ports, Shipping and Waterways has released a draft to amend the Indian Ports Act, 1908, which aims to bring in sweeping reforms in the sector by bringing non-major ports into the national fold, creating a new mechanism for resolution of disputes, and empowering maritime state development council (MSDC). The draft bill will see comments from stakeholders before being tabled in Parliament. "The Indian Ports Act, 1908 is more than 110 years old. It has become imperative that the Act is revamped to reflect the present-day frameworks, incorporate India's international obligations, address emerging environmental concerns, and aid the consultative development of the ports sector in the national interest," the shipping ministry said.
Azad, who had served as Leader of Opposition in Rajya Sabha, Union minister under various prime ministers and the chief minister of the erstwhile Jammu and Kashmir, refused to divulge any further details on the formation of his new party.
The pilgrimage will be a big security challenge for the government as Jammu and Kashmir has been witnessing a number of targeted killings by terrorists in recent weeks.
'The Government of India should start a dialogue with the people of Ladakh, but the trouble is they are not willing to listen to our grievances.'
Aijaz Hussain won the Khonmoh-II District Development Council seat in Srinagar, while Aijaz Ahmad Khan gave the party more reason to cheer by winning the Tulail seat in Bandipora district.
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