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Bank balance sheets robust as NPAs fall
December 27, 2024
|The New Indian Express Bengaluru
RBI report says focus on cleaning up books has led to bad loan ratios dropping to 13-year lows
THE financial position of the banks has stayed robust, marked by the sustained expansion in assets and also liabilities/deposits, while their continuing focus on cleaning up their books has led to the gross bad loan ratios dropping to 13-year lows, a central bank report released on Thursday said.
In the latest report on trends and progress of banking, which shares data up to the September quarter and for the fiscal 2024, and released Thursday, the central bank said, system-wide gross non-performing assets ratio (NPA) of banks slipped to an over-13-year low of 2.5% as of September from 2.7% as of March 2024. Similarly, net bad loans fell to 0.57% of total loans during the period under review from 0.62% as of March 2024, driven by stronger loan-loss buffers.
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The New Indian Express Bengaluru
India's bioeconomy surged to $166 bn in '24 from $10 bn in '14: Shah
UNION Home and Cooperation Minister Amit Shah on Saturday highlighted India’s rapid biotechnology expansion, saying the country’s bioeconomy has grown from $10 billion in 2014 to $166 billion in 2024.
1 mins
January 14, 2026
The New Indian Express Bengaluru
'PhD reforms, bringing tech institutes under accreditation framework must'
AN overhaul of the PhD programmes in the Indian Institutes of Science Education and Research (IISERs), National Institutes of Technology (NITs) and Indian Institutes of Engineering Science and Technology (IIESTs) were proposed by academic professionals to Education Minister Dharmendra Pradhan, who called for bringing the premier technological institutions under the accreditation framework.
1 min
January 14, 2026
The New Indian Express Bengaluru
ED attaches ₹11cr assets in Haryana land deal case
THE Enforcement Directorate (ED) has attached properties worth ₹10.86 crore in a land fraud case pertaining to cheating homebuyers in Haryana on Tuesday, the agency said.
1 min
January 14, 2026
The New Indian Express Bengaluru
Bengal BJP chief says won't allow polls if SIR obstructed
WEST Bengal BJP chief Samik Bhattacharyya on Tuesday issued a firm warning to the Election Commission (EC), saying the party wouldn't allow the upcoming polls to be held in the state, if the party’s claims and objections regarding the published draft voters’ list in the SIR were not honoured.
1 mins
January 14, 2026
The New Indian Express Bengaluru
ISRO FAILURE TO DENT ITS COMMERCIAL ASPIRATIONS
AFTER a satellite launch failed last May, former chairman of the Indian Space Research Organisation (Isro), S Somanath, had said, “Failure is never a defeat, but rather a formidable tutor.”
1 mins
January 14, 2026
The New Indian Express Bengaluru
'Hindu widow has right to family estate'
THE Supreme Court on Tuesday held that a Hindu widow is entitled to get maintenance from the father-in-law’s estate after his death, under the Hindu Adoptions and Maintenance Act (HAMA), 1956.
1 min
January 14, 2026
The New Indian Express Bengaluru
High-voltage campaign for richest civic body ends
Fadnavis leads MahaYuti battle for Mumbai against reunited Thackeray cousins; Ajit Pawar with uncle’s party hopes to unseat BJP in Pune
2 mins
January 14, 2026
The New Indian Express Bengaluru
NIA to probe B’deshi illegal immigrant case
THE Union Ministry of Home Affairs (MHA) has handed over the probe into a major illegal Bangladeshi immigrant infiltration case that was earlier being investigated by the Delhi Police’s Special Cell to the National Investigation Agency (NIA).
1 mins
January 14, 2026
The New Indian Express Bengaluru
BJP MP takes a swipe at ‘paddy losses due to rats’, says govt may arrange cats
AGAINST the backdrop of a report attributing paddy losses in Chhattisgarh to rats, BJP Raipur Lok Sabha member Brijmohan Agrawal said that the state government may now have to arrange for cats to deal with the rodents.
1 mins
January 14, 2026
The New Indian Express Bengaluru
Can examine citizenship for poll rolls: EC to SC
DEFENDING its stand in the SIR exercise, the Election Commission (EC) on Tuesday told the Supreme Court that it functions as the original authority in matters relating to electoral rolls and the conduct of polls and its opinion is binding on the President if a person acquires citizenship of another country.
1 min
January 14, 2026
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