New Delhi, May 4 (IANS) Indian banks are well positioned to implement the Reserve Bank of India’s new Expected Credit Loss (ECL) framework and absorb the initial impact on its capital, a report said on Monday.The report from CareEdge Ratings said that the sector’s strong Capital Adequacy Ratio of over 17 per cent and a Common Equity Tier I ratio exceeding 14.5 per cent, provide adequate room for the change.The ratings agency estimated that the impact of shifting to ECL models would be roughl…
Latest Gulf region News & Updates
New Delhi, May 2 (IANS) The government on Saturday said it has facilitated the safe repatriation of more than 2,922 Indian seafarers so far, including 30 in the last 24 hours from various locations across the Gulf region.The Ministry of Ports, Shipping and Waterways continues to coordinate with the Ministry of External Affairs, Indian Missions, and maritime stakeholders to ensure seafarer welfare and uninterrupted maritime operations.“All Indian seafarers in the region are safe, and no inciden…
Guwahati, April 30 (IANS) Former Minister of State (MoS) for External Affairs, M.J. Akbar, said on Thursday that the global order is undergoing significant changes, with traditional international institutions facing growing challenges in an increasingly uncertain and multipolar world. Delivering the keynote address at a national symposium on ‘West Asia in a Fragmented Global Order: Security Dynamics and Economic Implications’ organised by the Gauhati University, former MoS Akbar added that recen…
New Delhi, April 30 (IANS) BJP national spokesperson Jaiveer Shergill on Thursday called on the Ministry of External Affairs (MEA) to step in and facilitate the return of elderly Sikh couples who are currently stranded at a gurudwara in Tehran. In his appeal addressed to the ministry and External Affairs Minister (EAM) S. Jaishankar, Shergill sought urgent intervention to ensure that the Sikh families are allowed to board a May 5 flight operated by Mahan Air to India.He pointed out that the airl…
Mumbai, April 29 (IANS) Domestic equity markets traded higher on Wednesday despite a rise in crude oil prices and reports that the United States may extend its blockade of Iranian ports.Sensex traded 0.52 per cent, or 400 points, higher at 77,289.55, hitting an intraday high in early trade, while Nifty rose 0.53 per cent, or 127.8 points, to 24,123.55.Sector-wise, buying interest was seen in auto, chemicals, realty, energy and IT stocks.Nifty Auto, Nifty Chemicals, Nifty Realty, Nifty Oil & …
United Nations, April 29 (IANS) India has condemned the attacks on commercial shipping in the Strait of Hormuz, which is vital to its energy and economic security, and called for restoring free navigation.“Commercial shipping must not be the target of military attacks, and such attempts are deplorable”, India’s Deputy Permanent Representative Yojna Patel told the Security Council on Tuesday.Patel did not mention any country by name but alluded to Iran by recalling that India co-sponsored a…
Beijing, April 26 (IANS) China has not openly backed its comprehensive strategic partner Iran as the West Asia conflict continues to intensify, and discussions within Beijing suggest that it never committed to “take the bullet” for Tehran, according to a recent report. In the early phase of the US-Iran conflict, Beijing signalled both to Iran and to observers questioning its relatively “muted response” that its partnership with Tehran does not extend to military intervention, according to a repo…
Washington, April 24 (IANS) The US on Friday warned that shipping through the Strait of Hormuz remains under heightened risk, even as limited transit continues amid escalating tensions with Iran. Secretary of War, Pete Hegseth, said vessels were still moving through the critical waterway but under conditions of increased danger due to Iranian actions.”Transit is occurring… much more limited than anybody would like to see and with more risk than people would like to see,” he said at a Pentagon …
Brussels, April 23, (IANS) The European Union (EU) on Thursday finalised a €90 billion loan to Ukraine, European Council President, Antonio Costa, announced on Thursday. This loan was agreed upon by the European Council in December 2025 and Ukraine’s most urgent budgetary and defence industrial capacity needs in 2026 and 2027 will be covered with the help of it. The loan has a robust and conditional framework, with strict conditions on Ukraine’s side, such as adherence to the rule of law, in…
New Delhi, April 23 (IANS) As many as 22 Indian seafarers on board the two foreign-flagged ships, which came under fire from Iran’s military in the Strait of Hormuz during the last 24 hours, are reported to be safe, according to an update issued by the Ministry of Ports, Shipping and Waterways on Thursday. Vessel Euphoria, a Panama-flagged container ship, has 21 Indian seafarers onboard, while Vessel Epaminondas, also a Panama-flagged container, has 1 Indian seafarer onboard, the statement sai…