Sunday, August 23
Indian banks' asset quality improved to a multi-decadal low at the end of September 2025, according to a Reserve Bank of India report released on Monday.Banks' gross non-performing assets ratio, or the proportion of bad assets to total loans, dropped to 2.1% at end of September 2025 from 2.2% in March 2025, the central bank said in its Trend and Progress of Banking report.Banks' deposits and credit grew in double digit percentages during 2024-25, but moderated from the previous year, the report said.The asset quality of non-bank finance companies also improved in 2024-25 amid double-digit loan growth, the central bank said.
The Supreme Court on Monday stayed the Delhi High Court’s order suspending the life sentence of former Uttar Pradesh MLA Kuldeep Singh Sengar and granting him bail in the 2017 Unnao rape case.A three-judge vacation bench led by Chief Justice of India Surya Kant was hearing a plea filed by the Central Bureau of Investigation (CBI) challenging the High Court’s December 23 order. The apex court noted that Sengar continues to remain in custody as he is serving a separate sentence in another criminal case.“We are informed that the convict has also been convicted and sentenced in another case and is still in custody. Considering such peculiar circumstances, we stay the operation of the impugned order. The respondent shall not be released,” the bench said.The court also issued notice to S
