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While gold carries immense emotional and cultural significance, in its idle form it contributes little to economic activity. (AI image) By Shaji VargheseIndia stands at a pivotal juncture where inclusive growth must extend beyond metros to Tier-2, Tier-3, and rural economies. One powerful yet underutilised lever in this journey is household gold. In recent years,…
Mumbai: An RBI-directed reclassification of the bank’s agri loan portfolio led to ICICI Bank reporting a 4% year-on-year decline in net profit to Rs 11,318 crore for the quarter ended Dec 2025. The bank’s board also reappointed Sandeep Bakhshi for a further two years starting Oct 2026, 19 months before he turns 70 – the…
MUMBAI: RBL Bank reported a net profit of Rs 214 crore in Q3 FY26, up 555% from Rs 33 crore a year earlier when earnings were subdued to provisions. The net profit was 20% higher than Rs 179 crore in the previous quarter.Profit in the December quarter would have been higher but for the one-off…
Karthi’s ‘Vaa Vaathiyaar’ is all set for a Pongal release on January 14th after the makers successfully settled a significant financial dispute. A Rs 21.78 crore loan issue, which had led to a temporary stay on the film’s release, has now been resolved. Following court orders, the full payment was made, clearing all legal hurdles…
Pakistan defence minister Khawaja Asif Pakistan on Tuesday expressed confidence that it may no longer need financial assistance from the International Monetary Fund within six months, with Pakistan defence minister Khawaja Asif claiming the country had seen a surge in aircraft orders following a four-day military standoff with India in May, Geo TV reported.Speaking on…
MUMBAI: Fino Payments Bank plans to hive off its business correspondent (BC) arm and expand secured lending through its merchant network once it transitions into a small finance bank, its MD & CEO Rishi Gupta said.Fino received in-principle approval from RBI in early Dec 2025 to convert into a small finance bank, a move that…
Private sector lender Bandhan Bank on Sunday reported a 10 per cent year-on-year growth in its loans and advances, totalling Rs 1,45,227 crore for the third quarter ended December 31, 2025.The bank had reported loans and advances worth Rs 1,32,019 crore in the corresponding period of the previous fiscal.According to the provisional business update submitted…
MUMBAI: Gold loans have recorded a 125% year-on-year surge as of end-Nov 2025 – over 10 times the 11.5% growth in overall bank credit. The rise in gold loans follows a 77% increase last year and coincides with the rally in gold prices. Although outstanding gold loans of Rs 3.6 lakh crore accounted for less…
India’s economy continues to expand at a robust pace, supported by strong domestic demand, low inflation and healthy bank balance sheets, even as risks from unsecured lending, fintech exposure, external uncertainties and stablecoins persist, the Reserve Bank of India said in its December 2025 Financial Stability Report (FSR), PTI reported.The report said the domestic financial…
RBI imposes restrictions on Loknete RD Kshirsagar Sahakari Bank MUMBAI: RBI has said that the banking sector remains resilient, backed by double-digit balance sheet growth and sustained profitability. Asset quality improved further, with the gross non-performing assets ratio falling to a multi-decadal low and the slippage ratio declining for the fifth straight year. While commercial…
