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The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

Banks Report Better Q2FY26 Earnings

Banks that have declared their results so far this week have reported strong loan growth, stable margins, and robust...

16 Oct 2025 9:10 PM IST

US 50% Tariffs Not a Threat to India, Says RBI Governor

US 50% Tariffs Not a Threat to India, Says RBI Governor

RBI Governor Downplays US Tariffs, Highlights India’s Economic Resilience Amid Global Uncertainty at IMF-World Bank...

16 Oct 2025 8:49 PM IST

Congress Leader Softens Stand on MNS, Says India Bloc Will Decide

Congress Leader Softens Stand on MNS, Says India Bloc Will Decide

Harshwardhan Sapkal says INDIA bloc will decide on Raj Thackeray-led party’s inclusion

16 Oct 2025 8:30 PM IST

Not The Opportune Time To Cut Rates: RBI Governor in October Policy

Not The Opportune Time To Cut Rates: RBI Governor in October Policy

"I vote to keep the repo rate unchanged at 5.50 per cent. The intent of policy is nevertheless to continue facilitating...

15 Oct 2025 11:49 PM IST

Top Maoist Leader Surrenders With 60 Cadres

Top Maoist Leader Surrenders With 60 Cadres

The surrender of Rao, who carried a bounty of about Rs six crore, is seen as a major blow to left-wing extremism in the...

15 Oct 2025 11:45 PM IST

Maharashtra to Announce New Youth Policy by November End

Maharashtra to Announce New Youth Policy by November End

A proposal is also being prepared to establish a State Youth Development Fund under the new policy. In total, around 21...

15 Oct 2025 11:21 PM IST

Banks Should Embed Empathy Into Service Delivery, Says RBI DY Gov

Banks Should Embed Empathy Into Service Delivery, Says RBI DY Gov

"It is also an observation that, while access to financial services has improved significantly in recent years, the...

15 Oct 2025 9:35 PM IST

Rupee Rebounds 75 Paise From Record Lows on RBI Intervention

Rupee Rebounds 75 Paise From Record Lows on RBI Intervention

The RBI was alarmed to see the rupee nearing the 89 a dollar level during the trading sessions and aggressively sold...

15 Oct 2025 9:03 PM IST

Chalet Hotels Launches Athiva With 900+ Rooms Across Six Hotels

Chalet Hotels Launches Athiva With 900+ Rooms Across Six Hotels

The brand’s first property, Athiva Resort and Spa in Khandala set to open on October 16, is a reimagined version of the...

15 Oct 2025 7:48 PM IST

Mumbai Man Doing PhD in US Booked for Sexual Abuse

Mumbai Man Doing PhD in US Booked for Sexual Abuse

A 29-year-old Mumbai resident allegedly abused, threatened, and physically harmed a 31-year-old woman in India and the...

15 Oct 2025 5:54 PM IST

Bombay HC Declares Anil Pawar’s ED Arrest Illegal, Orders Release

Bombay HC Declares Anil Pawar’s ED Arrest Illegal, Orders Release

The Bombay High Court held that the Enforcement Directorate lacked tangible evidence under the Prevention of Money...

15 Oct 2025 4:04 PM IST

Over 500 Students Trapped 12 Hours in Mumbai-Ahmedabad Highway Traffic Jam

Over 500 Students Trapped 12 Hours in Mumbai-Ahmedabad Highway Traffic...

Twelve buses carrying students from Classes 5 to 10 of different schools, along with some college students from...

15 Oct 2025 10:51 AM IST