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Government banks post record Rs 1.98 lakh crore profit in FY26, says Finance Ministry
The Business Guardian
|May 13, 2026
Public Sector Banks (PSBs) reported an all-time high aggregate net profit of Rs 1.98 lakh crore in FY 2025-26, registering the fourth consecutive year of profitability, supported by credit growth, improved asset quality and higher income.
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According to the Ministry of Finance, aggregate operating profit of PSBs stood at Rs 3.21 lakh crore during the fiscal, while net profit rose 11.1 per cent year-on-year. The aggregate business of PSBs increased to Rs 283.3 lakh crore as of March 31, 2026, up 12
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The Business Guardian
Indonesia tightens control over key commodities in major trade takeover
Indonesia is overhauling its trade policies for key commodities in a sudden move that some experts liken to a hostile takeover of major industries in the resource-rich nation, with global implications.
2 mins
May 24, 2026
The Business Guardian
WARSH IS SWORN IN AS FEDERAL CHAIR
President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh’s help in stimulating the economy even as he tried to emphasize that the nation’s central bank would remain independent.
1 min
May 24, 2026
The Business Guardian
27 COUNTRIES ACTIVATE WORLD BANK CRISIS TOOLS
Twenty-seven countries have moved since the Iran war started to put in place crisis instruments that could quickly access funding from existing World Bank programs, according to an internal document viewed by Reuters.
1 mins
May 24, 2026
The Business Guardian
Law firm Fenwick ready to pay $54 million to FTX
Prominent U.S. law firm Fenwick & West, which advised FTX before its 2022 blockbuster collapse and bankruptcy, on Friday said it will pay $54 million to resolve claims from FTX customers who alleged the firm helped enable one of the largest financial frauds in US. history.
1 min
May 24, 2026
The Business Guardian
Global food inflation surge risk rises
Global food inflation risks are rising due to possible disruption in the Strait of Hormuz and worsening El Nino conditions, according to a Citi Research report, which warned that agricultural commodity prices could face strong upward pressure over the next 6-12 months.
1 min
May 24, 2026
The Business Guardian
How to revive a moribund Bengal economy
West Bengal’s electoral earthquake creates an opportunity to remake its crumbling economy, revive its reputation as an intellectual capital, and eventually restore its forgotten foundations as a cradle of culture and sporting achievement.
5 mins
May 24, 2026
The Business Guardian
India sees minimal fuel price hike amid global surge
While several countries across the world witnessed sharp increases in petrol and diesel prices following the West Asia crisis and disruption around the Strait of Hormuz, India recorded one of the smallest increases in retail fuel prices, with cumulative hikes of around 5 percent despite rising global crude oil prices.
2 mins
May 24, 2026
The Business Guardian
Centre to invite bids for 50 industrial parks
He added that the scheme is designed for industrialisation, not just for exports like SEZs, and will also serve the domestic market.
1 mins
May 24, 2026
The Business Guardian
RBI's record dividend may help govt...
The brokerage also said the RBI dividend transfer could improve liquidity conditions in the banking system.
1 min
May 24, 2026
The Business Guardian
FUEL SUPPLY REMAINS ADEQUATE ACROSS COUNTRY: INDIANOIL
Indian Oil Corporation Ltd (IndianOil), the country’s largest oil marketing company, on Saturday assured that there is “no overall shortage” of petrol and diesel across the country, clarifying that supply disruptions reported at certain retail outlets are “highly localised and temporary in nature.”
1 mins
May 24, 2026
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