Bank credit growth has slowed to 1.4% in FY26 so far, compared to 2.3% last year, while deposit growth remains steady at 3.4%. Corporate credit demand is lower as companies explore market instruments. Despite rate cuts, housing loan demand hasn't surged as expected, but overall financial resources to the commercial sector have increased.
Sebi chief Tuhin Kanta Pandey spoke about redefining independent directors' roles. He addressed the 2025 Annual Directors' Conclave. Pandey emphasized that independent directors should be stewards of accountability. He urged them to freely dissent and question information. He highlighted the importance of diverse views for a stronger board.
ICICI Bank has significantly increased its minimum balance requirements for savings accounts, particularly in metro and urban areas, signaling a strategic shift towards attracting affluent customers.
Resilience Healthcare acquired both hospitals out of bankruptcy in 2022. Both facilities depend on Medicare or Medicaid to pay for 70% to 80% of their patients.
The Boars Head deli meat plant at the heart of last years deadly food poisoning outbreak is set to reopen in the coming months, company officials said.
Gold prices climbed by Rs 800 to hit a fresh all-time high of Rs 1,03,420 per 10 grams in the national capital on Friday due to persistent buying by stockists, according to the All India Sarafa Association.
