Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels according to a report by Moody's Investors Service.

The group plans to invest Rs 5,000-crore equity into the financial services venture by 2026, targeting a balance sheet of Rs 30,000 crore

Chennai-based company Ideas2IT said it gifted 100 cars for 100 employees for their constant support and unparalleled contribution to the company's success and growth

All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.