AI can do to lending, what UPI did to payments: RBI governor Sanjay Malhotra

The government is working to reduce road fatalities to zero and has also identified 100 districts with high accident rates for urgent intervention, Road Transport and Highways Minister Nitin Gadkari said on Monday. The government aims to halve the number of road accidents and resultant deaths by 2030. Addressing an event organised by ICICI Lombard,…

Asset reconstruction companies bought twenty-six thousand three hundred four crore rupees of bad loans. This acquisition saw a fifty-six percent increase from the previous year’s figures. The overall non-performing asset ratio in the banking system continued its downward trend. Banks have been resolving legacy stressed assets for several years now. Transactions are increasingly being settled…

HDFC Asset Management Company reported a 12% rise in Q1 FY27 net profit to ₹837 crore, supported by higher revenue and asset growth. Quarterly average AUM climbed 13% year-on-year, while shares gained over 2% after the earnings announcement.