Economy

Mumbai:  The asset quality of India’s banks has improved further with their gross non-performing assets (GNPA) declining to 2.6 per cent of total advances in September 2024 which is the lowest level in the last 12 years, according to the RBI’s latest financial stability report. The net NPA ratio was around 0.6 per cent, according

Mumbai:  The domestic benchmark indices opened lower on Tuesday as selling was seen in IT, realty, auto, financial service, FMCG, media and private bank sectors on Nifty. At around 9:25 am, Sensex was trading at 77,813.49 after declining 434.64 points or 0.56 per cent, while the Nifty was trading at 23,536 after declining 108.90 points

Mumbai:  The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released on Monday. “The Indian economy is exhibiting steady growth, underpinned by solid macroeconomic fundamentals and strong domestic

New Delhi: The micro-insurance premiums in the life insurance sector in the country has surpassed Rs 10,000 crore for the first time in FY24, according to industry data. Micro insurance helps people in the low-income group via offering affordable products. According to data by the Insurance Regulatory and Development Authority of India (IRDAI), the

Mumbai: The Indian stock market opened higher on Thursday as buying was seen in the PSU bank, auto, financial service and metal sectors on Nifty. At around 9:37 am, Sensex was trading at 78,744.55 after gaining 271.68 points or 0.35 per cent, while the Nifty was trading at 23,812.50 after gaining 84.85 points or

New Delhi:  The Central government has released the second installment of untied grants for rural local bodies in Rajasthan and Odisha for 2024-25 in accordance with the recommendations of the Fifteenth Finance Commission, the Finance Ministry announced on Wednesday. A sum of Rs 560.63 crore has been released as the second installment of the untied

New Delhi: The government will continue its focus on improving quality spending, strengthening the social security net and reducing the fiscal deficit to 4.5 per cent of the GDP in the financial year 2025-2026, according to a Finance Ministry statement. Finance Minister Nirmala Sitharaman is expected to continue with the government’s position of increasing expenditure

New Delhi: The Employees’ Provident Fund Organisation (EPFO) has made a net addition of 13.41 lakh members during October, reflecting the increased employment and higher awareness of employee benefits among workers, according to a statement issued by the Ministry of Labour and Employment on Wednesday. The EPFO enrolled around 7.50 lakh new members in October

New Delhi: Driven by strong fundamental and robust economic growth, the domestic benchmark indices are set to give positive returns in 2024 for the ninth consecutive year. As per a report by Standard Chartered bank, 2024 was a year of two distinct halves for Indian equities and bonds. While the first half saw strong growth,

New Delhi: Inflows into in non-resident Indian (NRI) deposit accounts surged to $11.9 billion in April-October during the current financial year, which is nearly twice the corresponding figure of $6.1 billion for the same period last year, the latest figures compiled by the Reserve Bank of India (RBI) showed. The total outstanding NRI deposits as