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Indian Banks Project Slight Rise in Bad Loans by 2028, RBI Reports Resilience
Indian banks' gross bad loans are projected to slightly increase to 1.9% by March 2028 from 1.8% in March 2026, according to the RBI's Financial Stability Report. Despite this, the banking system is expected to remain resilient with strong capital, healthy profits, and improving credit growth, capable of absorbing shocks.
Health Insurance Queries: Pre-existing Conditions and New Illnesses Explained
A reader with a floater health policy for over 4 years, who declared diabetes, asks if pre-existing and new conditions like high cholesterol and fatty liver will be covered. Experts confirm diabetes is covered after the 36-month waiting period. New conditions are covered after the initial 30-day waiting period.
RBI Report: Iran-US Peace Deal Could Boost India's Economic Growth Amid Risks
RBI's latest report indicates India's economic growth could benefit from the Iran-US peace deal, despite risks from high commodity prices and global outlook. The central bank also noted potential fiscal deficit pressure from energy costs and subsidies, while measures for MSMEs and exports aim to sustain activity.
UAE Announces Significant Drop in Petrol and Diesel Prices for July
The UAE has announced a sharp reduction in petrol and diesel prices for July 2026, effective July 1. This marks the end of a four-month price increase streak, offering relief to motorists and businesses.
AI-powered cyberattacks India's top financial system risk: RBI report
RBI's latest Financial Stability Report identifies AI-enabled cyberattacks as India's top near-term financial system risk, with banks and NBFCs most concerned. Preparedness is uneven, despite increased investment, highlighting the need for stronger employee awareness and forensic capabilities.
UAE's First Passenger Train Service Launched, Linking Fujairah and Abu Dhabi
The UAE launched its first passenger train service, operated by Etihad Rail, connecting Fujairah and Abu Dhabi in 1 hour and 45 minutes. The inaugural journey was met with celebrations, and over 10,000 tickets were sold pre-launch, with further expansion plans for the national network already underway.
