The state-run bank on Tuesday said it expects FY26 credit growth at 12-14%, higher than the 11-12% it predicted as recently as August. The central bank’s recent measures to smooth credit flow alone will raise industry-wide credit growth by 100 basis points, chairman C.S. Setty said. SBI’s net profit rose 10% in the September quarter,…
Experts said the order represents a significant evolution from traditional anti-piracy measures because it allows copyright holders to get new websites blocked in real time without repeatedly having to return to court. While the eventual impact would hinge on implementation, it could help studios combat the multi-headed nature of piracy where new mirror sites often…
The ministry has asked Solar Energy Corp. of India (SECI), NTPC Ltd, NHPC Ltd and SJVN Ltd to cancel awarded contracts by November end in cases where it’s not feasible to sign power purchase agreements (PPAs) and power supply agreements (PSAs), according to two people aware of the development and a document reviewed by Mint….
From Mumbai garage to Hollywood: The man bringing India its Avatar moment ₹4,000 crore and a decade of ambition into the Ramayana. He believes this epic will be India’s statement of technological mastery and cultural soft power. Nonetheless, an important business question remains unanswered.”/> Source…
Alcohol sales have been under pressure for a while as consumer spending slowed, major states hiked taxes, and younger Indians began drifting away from drinking altogether. In the September quarter, the picture turned mixed—worse for some, better for others. Relentless rains and weak discretionary spending dented wine and beer sales, even as some states and…
The Centre is reworking the Sagarmala 2.0 initiative into a 10-year, ₹75,000-crore programme aimed at developing India into a global maritime hub with world-class ports and shipbuilding infrastructure, two persons aware of the matter said. The new edition will complement the government’s ₹70,000-crore maritime package announced in September for building infrastructure to attract investment in…
It may be an overstatement to say that cord-cutting is gaining traction in India, as a recent report by media consulting firm Ormax shows that the country still has nearly three television viewers for every one person watching over-the-top (OTT) content. However, the study highlighted that most streaming platforms remain focused on metro audiences, while…
The hit, though expected, appears stickier than banks had guided. Many lenders had projected a recovery in the second half of the year, but second quarter post-result commentaries suggest the pressure could linger as deposits reprice slowly, credit growth picks up pace. and competition intensifies in low-yield segments such as housing. The trend highlights the…
Banks are mandated to hold at least 18% of their net demand and time liabilities (NDTL) in government papers and other approved securities. They typically keep an additional 10 percentage points more in such securities. The statutory liquidity ratio (SLR)—the percentage of aggregate deposits invested in liquid assets—of the banking sector was 26.5% on 17…
The government is said to be weighing new plans to restructure state-run lenders, a move that could mark the second major consolidation drive after the 2017-2020 mergers that shrank the number of public sector banks from 27 to 12. On 28 October, Mint reported that officials are exploring fresh consolidation ideas for select public sector…