MUMBAI: Credit growth surged to a high even as deposits shrank in the first two months of FY27, widening the funding gap and pushing banks deeper into a liquidity squeeze, with the wedge between loans and deposits reaching about Rs 3.8 lakh crore by May 31.Credit growth stood at 17.7% for the fortnight ending May…
KOLLAM: A maritime trainee from Chandanathope in Kerala’s Kollam is stranded on an Iranian cargo vessel mid-sea off Sharjah coast for nearly a month. His family is worried that he is suffering. Akhimon M, 21, had joined Iran-based cargo vessel Queen Star and travelled to the country on April 14 last year. After completing training…
Almost ten years after the RERA Act, 2016 attention is increasingly moving from developers to the functioning of the regulator itself. (AI image) The Real Estate Regulatory Authority or RERA is in focus again. Recently, the Supreme Court made blunt observations about the role of RERA and its importance. The apex court remarked that the…
Dehradun: Defence minister Rajnath Singh on Saturday said the nature of conflict had changed sharply and nations could now be weakened not only through conventional war but also through economic, cyber, space and information warfare, reports Kautilya Singh.Virtually addressing the Raising Day celebrations and Diamond Jubilee of Sainik School, Ghorakhal, he said, “Present-day warfare transcends…
A federal judge has blocked the state of Arizona from bringing criminal charges against prediction market provider Kalshi, at least temporarily, in response to a motion from the Commodity Futures Trading Commission. District Judge Michael Liburdi, in the District of Arizona, ruled Friday that Arizona cannot hold an arraignment of Kalshi as scheduled on Monday,…
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The Reserve Bank of India (RBI) on Friday proposed revised guidelines for the Lead Bank Scheme (LBS) to streamline operational processes and enhance the effectiveness of the programme introduced in 1969 to coordinate development activities at the district level, PTI reported.The Lead Bank Scheme is aimed at coordinating the activities of banks, governments and other…
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