Mumbai, Mar 17 (PTI) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Monday asked banks to avoid calling customers repeatedly for “know your customer” (KYC) documents. Speaking at the annual conference of RBI Ombudsmen here, Malhotra made it clear that submitting the documents to an entity overseen by any financial regulator makes it possible …
Chandigarh, Mar 17 (PTI) An Urban Drainage Fund with Rs 100 crore corpus will be set up to improve drainage infrastructure in all cities of Haryana, said Chief Minister Nayab Singh Saini while presenting his government’s Budget for the 2025-26 fiscal on Monday. This dedicated fund will launch projects to ensure sustainable flood management and …
Banking services in India will be disrupted on March 24 and March 25 due to a nationwide two-day strike called by the United Forum of Bank Unions (UFBU). This means that all private and public sector banks will be closed for 2 days. The strike is in response to several demands, including improved recruitment across …
India has made significant achievements in its journey toward ensuring clean energy access and promoting sustainable cooking solutions for its citizens. A key milestone in this endeavour was the introduction of the Public Distribution System (PDS) Kerosene pricing and various initiatives aimed at reducing reliance on kerosene while enhancing access to cleaner alternatives. Kerosene Pricing …
India has achieved a significant milestone in its coal production, reaching the highest-ever output in the financial year 2023-24. According to the Union Minister of Coal and Mines Shri G. Kishan Reddy, the country’s domestic coal production for the year stood at 997.826 million tonnes (MT), marking an impressive growth of 11.71% compared to 893.191 …
India’s goods trade deficit fell to a 30-month low of $14.05 billion in February 2025, a sharp decline from $22.9 billion in January, according to data from the Commerce Ministry. The narrowing trade gap was primarily driven by a steep fall in imports, marking a significant reduction from $19.51 billion in February 2024. Imports and …
The gap between credit and deposit growth in India’s banking sector is expected to shrink significantly to 80 basis points (bps) in FY26, down from an average of 386 bps recorded between FY22 and Q3FY25, according to India Ratings. Loan Deposit Ratio (LDR) to Moderate The incremental Loan Deposit Ratio (LDR) of banks is expected …
Chhattisgarh plans to double its gross domestic product to ₹10 lakh crore in the next 5 years. By combining its rich natural resources with future-oriented policies, the government is targeting a 14% growth rate (which includes inflation). Investments and Industrial Growth The government is focusing on developing sectors such as medical tourism, semiconductors, IT, pharmaceuticals, …
New Delhi, Mar 17 (PTI) Banks have written off non-performing assets (NPAs) or bad loans worth about Rs 16.35 lakh crore in last 10 financial years, Parliament was informed on Monday. Highest amount of Rs 2,36,265 crore was written off during financial year 2018-19 while NPAs worth Rs 58,786 crore were written off in 2014-15, …
Shimla, Mar 17 (PTI) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Monday presented the annual Budget for the year 2025-26 and said the state government will focus on promoting religious and eco tourism besides exploring lesser-known tourist destinations. While presenting his third annual Budget for FY26, Sukhu said the year 2025-26 is full of …
