Business Finance

ICICI Bank Extends CEO’s Tenure by Two Years

By BPN News Desk January 19, 2026

ICICI Bank has approved a two-year extension for Managing Director and Chief Executive Officer Sandeep Bakhshi, deferring succession-related discussions at the country’s second-largest private sector lender. The decision extends his tenure beyond the previously scheduled end, subject to regulatory and shareholder approvals. Board Cites Continuity The bank’s board said the

Business Finance

ICICI Bank Profit Falls Short, CEO Reappointed

By BPN News Desk January 18, 2026

India’s second-largest private lender ICICI Bank reported a lower-than-expected net profit for the quarter ending December 31, 2025, as higher provisions for potential loan losses weighed on earnings. The bank’s profit fell compared with the same period last year and did not meet market forecasts. Profit and Financials ICICI Bank’s standalone net profit was reported […]

Business Finance

Yes Bank Reports Sharp Rise in Q3 Profit

By BPN News Desk January 18, 2026

Yes Bank posted a strong jump in net profit for the third quarter ended December 31, driven mainly by a sharp reduction in provisions for bad loans. The private lender reported a significant year-on-year increase in profit, reflecting improving financial stability after years of stress. Lower Provisions Boost Earnings The profit growth was largely supported […]

Business Finance

Union Budget to Be Presented on February 1

By BPN News Desk January 10, 2026

The Union Government has finalised the schedule for the presentation of the Union Budget for the upcoming financial year. The Union Budget will be presented in Parliament on Sunday, February 1, while the Economic Survey will be tabled on January 29, setting the stage for detailed discussions on the state of the economy. The Budget […]

Business Finance

India Allows Banks to Sponsor Pension Funds Under NPS

By BPN News Desk January 2, 2026

The Pension Fund Regulatory and Development Authority (PFRDA) has given in-principle approval for scheduled commercial banks to independently sponsor and manage pension funds under the National Pension System (NPS). This marks a major change in pension fund regulations, as banks were previously limited in their role within the pension investment ecosystem. Under the new

Business Finance

Government Opposes Reducing GST on Air Purifiers

By BPN News Desk December 27, 2025

The Union government has opposed a petition in the Delhi High Court seeking to reduce the Goods and Services Tax (GST) on air purifiers from the current 18 per cent to 5 per cent to make the devices more affordable amid severe air pollution in the capital region. The government told a vacation bench that […]

Business Finance

RBI Says Low Inflation Boosts India’s Competitiveness

By BPN News Desk December 23, 2025

The Reserve Bank of India (RBI) has said that low inflation in India is helping to support the country’s global competitiveness and sustain economic momentum. In its latest assessment of economic indicators, the central bank noted that even though headline consumer price inflation edged up slightly in November, it stayed below the lower tolerance limit […]

Business Finance

Budget May Ease GST Burden for Small Businesses

By BPN News Desk December 22, 2025

The Union government is considering measures to reduce the Goods and Services Tax compliance burden for micro and small enterprises, with possible changes expected to be announced in the upcoming Union Budget. The move is aimed at providing relief to smaller businesses that have repeatedly raised concerns over the cost and complexity of GST compliance. […]

Business Finance

India’s Central Bank Signals Low Rates Ahead

By BPN News Desk December 17, 2025

The governor of India’s central bank has indicated that the country’s key interest rates are likely to remain low for an extended period as the economy continues to grow steadily. The comments came in the context of ongoing monetary policy discussions and reflect the central bank’s assessment of inflation and economic conditions. Governor’s Outlook on […]

Business Finance

Parliament Clears 100% FDI in Insurance Sector

By BPN News Desk December 17, 2025

Parliament has approved a major reform allowing 100 per cent foreign direct investment (FDI) in India’s insurance sector, raising the existing cap of 74 per cent. The decision was taken through amendments to insurance-related laws with the objective of expanding capital availability, strengthening the sector, and improving insurance coverage across the country. Aim to