Bandhan Bank reported a sharp improvement in its September-quarter earnings, with net profit climbing to Rs 622 crore in Q2 FY27 from Rs 112 crore in the corresponding quarter last year. The bank also recorded growth in net interest income (NII), while a sequential decline in gross and net non-performing assets indicated a modest improvement in asset quality. Net interest income increased 14% year-on-year to Rs 2,961 crore, compared with Rs 2,589 crore in Q2 FY26. The bank's provisions declined significantly from the year-ago period, providing further support to its profitability. Provisions stood at Rs 718 crore during the September quarter, down from Rs 1,153 crore a year earlier. However, provisions increased from Rs 683 crore in the June quarter, indicating that the pressure from credit costs had not disappeared entirely. Bandhan Bank Asset Quality Shows Sequential Improvement Bandhan Bank reported a marginal improvement in asset quality during Q2 FY27. Gross non-pe...
Citing a new book written by former Army chief General M M Naravane, the Congress alleged on Tuesday that the Agnipath scheme for short-term recruitment into the armed forces was "bulldozed" through, "without meaningful consultations" with those who were being directly impacted by such a "disastrous policy".
In a post on X, Congress general secretary Jairam Ramesh said, "The headlines are being hogged by the mass suspension of INDIA MPs that has reached 142 till now. But these headlines should not minimise the importance of other news."
Former Chief of Army Staff General M M Naravane has disclosed in his memoir that the Agnipath or Agniveer scheme came as a total surprise to the Army, Air Force and Navy chiefs, Mr Ramesh said.
"He (Naravane) has now confirmed what had been commonly believed when the Agnipath/Agniveer scheme was bulldozed through without meaningful consultations with those who were being directly impacted by such a disastrous policy," he said.
At a meeting with Prime Minister Narendra Modi weeks after becoming the Army chief, General Naravane sounded out in early 2020 about the "Tour of Duty" scheme for inducting soldiers for short tenures but months later, the Prime Minister's Office (PMO) came up with a formulation with a much wider scope to include all the three services.
This is what General Naravane has written in his memoir, titled "Four Stars of Destiny", while elaborating on the birth of the Agnipath scheme -- considered India's most radical military recruitment policy.
After the formulation of the new scheme, General Naravane has said the Army was "taken by surprise by this turn of events, but for the Navy and Air Force, it came like a bolt from the blue".
"When I had first sounded out the prime minister about the Tour of Duty scheme, it was more on the lines of a short-service option at the soldier level, similar to the Short Service Commission scheme for officers that was already in vogue," the former Army chief has written.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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