New Delhi, May 27 (IANS) Seven northeastern regional rural banks (RRBs) have reported a provisional consolidated net profit of Rs 560 crore during FY 2025–26, registering an impressive year-on-year growth of 34 per cent, according to the government.Further, the Gross Non-Performing Assets (GNPA) ratio has declined to 4.9 per cent, the lowest level recorded in the last decade, reflecting improved financial health and stronger asset quality, according to finance ministry.A regional review meetin…
Latest FY 2025–26 News & Updates
New Delhi, May 5 (IANS) Reflecting strong economic activity and credit demand. scheduled commercial banks (SCBs) registered robust credit growth of 15.9 per cent in FY 2025-26, the government said on Tuesday.FY26 ended with robust non-food credit growth of 15.9 per cent, marking a significant 497 basis points (bps) increase in growth from the corresponding period in FY25 (10.9 per cent). The aggregate credit outstanding in March 2026 reached Rs 212.9 lakh crore, Rs 29.2 lakh crore higher than th…
New Delhi, May 1 (IANS) India’s power consumption witnessed a modest 4.04 per cent growth to 153.99 billion units (BU) in April compared to the same month of the previous year, while demand for power remained low during the first half of the month as unseasonal rains cooled down temperature, according to official data.The country’s total power consumption was 148.01 BU in April 2025.India’s peak power demand soared to a record high of 256.11 GW on April 25 as the heat wave intensified across the…
New Delhi, April 30 (IANS) As many as 50,552 candidates have been selected and issued offer letters to work for public sector banks during FY 2025-26, representing a 33 per cent jump over the corresponding figure of 37,860 in FY 2024–25, the Finance Ministry said on Thursday.The sharp rise in recruitment builds on the trend observed in preceding years, with 30,827 new entrants joining public sector banks in FY 2023–24. The figures for the last three years reflect a clear and sustained year-o…
New Delhi, April 10 (IANS) The government has approved 52 new applications under Round III of the Production-Linked Incentive Scheme for Textiles, which are expected to attract an investment of Rs 6,708 crore. While five of these applications are for man‑made fibre apparel, 19 are for man‑made fibre fabrics, 18 for technical textiles, and 10 for the multiple segment, according to a statement issued by the Ministry of Textiles on Friday.The investment in these textile manufacturing uni…
New Delhi, March 23 (IANS) The government on Monday said that India Inc has lined up capital expenditure (CAPEX) plans worth over Rs 11 lakh crore for the current financial year 2025-26, highlighting strong investment momentum in the private corporate sector.According to a survey by the National Statistical Office (NSO) released by the Ministry of Statistics & Programme Implementation (MoSPI), conducted between October and December 2025, the provisional aggregate CAPEX for FY26 is estimated …
New Delhi, March 20 (IANS) The Defence Ministry’s Directorate General Resettlement (DGR) will organise a mega job fair for ex-servicemen at Aravali Auditorium, Near Shankar Vihar Metro Station, Delhi Cantonment, on Friday.The job fair began at the auditorium at 7 a.m., and ex-servicemen were required to carry their I-cards and five copies of their biodata, a Defence Ministry official said.The DGR said the fair will offer several benefits to industry employers, including free online registrati…
New Delhi, Feb 27 (IANS) India’s fiscal deficit for the first 10 months (April to January) of FY 2025-26 was Rs 9.8 lakh crore, which works out to 63 per cent of the estimate for the full financial year ending on March 31, official figures released on Friday showed.Net tax receipts for April-January stood at Rs 20.94 lakh crore, up from Rs 19 lakh crore collected in the same period last year.Non-tax revenue went up to Rs 5.57 lakh crore, from Rs 4.7 lakh crore in the same period of the previous …
Mumbai, Feb 12 (IANS) Indian Railway Catering and Tourism Corporation (IRCTC), a Navratna public sector company, on Thursday reported a 15.51 per cent year-on-year (YoY) rise in consolidated net profit for the October–December quarter of the financial year 2025–26 (Q3 FY26).The company’s net profit increased to Rs 395 crore in the third quarter, compared with Rs 342 crore in the same period last financial year, as per its stock exchange filing.IRCTC’s revenue from core operations also show…
New Delhi, Feb 3 (IANS) Steel Authority of India Limited (SAIL), one of the country’s largest steel-making companies and a Maharatna public sector enterprise, on Tuesday announced it has achieved its highest-ever cumulative sales during the April to January period of the current financial year.The company recorded total sales of 16.6 million tonnes during this period in FY 2025–26, showing a strong growth of 16 per cent compared to 14.3 million tonnes in the same period last financial year, …