News Overview

Sitharaman said that it will continue the scheme of a fifty-year interest-free loan for capital expenditure to states. It will have a total outlay of Rs 1.5 lakh crore.

An extra Rs 1.5 lakh crore in credit would be made available to MSMEs over the next five years

Crop diversification, better irrigation, and improved credit access will uplift 1.7 crore farmers.

Defence startups and tech innovators, such as IdeaForge and Zen Tech, are likely to remain in focus, with possible government incentives encouraging new investments in the sector.

The board of directors has announced an interim dividend of ₹2 per equity share with face value of ₹1 each.

The company reported a write-back of ₹43.98 crore, a significant improvement compared to an impairment expense of ₹435.83 crore in Q3 FY24

This is a part of the company's total ₹5,800 crore capital expenditure plan from 2020 to 2025, made to increase its production and to cater to rising consumer demand

Net interest income was 14% higher YoY, at ₹587.7 crore, due to steady loan growth & higher interest margins than Q3 FY24 levels of ₹516 crore.

Revenue from operations decline marginally by 0.4% YoY at ₹538 crore, as against ₹540 crore in Q3 FY24

This quarter had Gross NPA at 4.7% after 7% during Q3 FY24, with much better management of its asset quality.