Banks have plenty of money, but not enough places to lend it !
Surging FCNR deposits are boosting liquidity while squeezing margins.
#Banking#IndianEconomy#FCNR#RBI
Read More: https://t.co/hNP504OP95
India’s power grid hits a new peak. ⚡
September demand jumped 11% to 162 billion units, while peak demand touched a record 269 GW.
Read More: https://t.co/SERbfSfgay
#PowerDemand#Energy#India#Coal#PowerSector
Apple Pay enters India!
Axis Bank Visa and Mastercard users can now tap to pay at participating merchants, from Blinkit to Zomato.
Read More: https://t.co/0HtbhJFb4I
#ApplePay#Apple#DigitalPayments#Fintech
From TV screens to electric streets 🚌⚡ Media, solar and software firms are eyeing India’s e-bus boom. But can they go the distance?
#ElectricMobility#EV#CleanTransport#IndiaBusiness
Read More: https://t.co/ihU4HNRw4b
Day 9, many medal routes.
🇮🇳 Men’s cricket begins against Afghanistan, while Sable, javelin, boxing and shooting headline India’s Asian Games action.
Read More: https://t.co/ZIQgHdq1F4
India’s maritime sector is testing a new funding route. 🌊
Sagarmala Finance Corporation plans a ₹1,000-crore blue bond for ocean-linked infrastructure.
Read More: https://t.co/I7QEgCyKBn
Exceptionally heavy El Niño rains have triggered millions of dormant seeds beneath the soil, transforming vast stretches of one of the world’s driest regions into a spectacular carpet of flowers. 🌸🌸🌸
The Atacama Desert, one of the driest places on Earth, has been dramatically transformed following heavy rainfall in northern Chile. Areas that are typically barren and parched are now covered in vibrant violet and white blossoms, a rare natural phenomenon known as the “flowering desert.”🏵️🏵️🏵️
Loan rates shouldn’t become a race to the bottom. 📉
With banks flush with liquidity, RBI is warning lenders to keep competition from turning into aggressive pricing and weaker underwriting.
Read more: https://t.co/qaLc6pZnd3
Unusual sighting in an Odisha forest: 5 baby orangutans
"We have rescued 5 baby orangutans and brought them to the forest office. 4 of the 5 babies are healthy. Veterinary doctors are examining and treating them": Balasore Divisional Forest Officer Pratik Prakash Indalkar told The Indian Express
Breathtaking view of the iridescent clouds
Iridescent clouds (cloud iridescence) are a rare atmospheric optical phenomenon where thin clouds display vibrant, pastel, rainbow-like colors.