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NPAs Of India’s Banks Decline To Multi-Decade Low Of 2.3%

The soundness and resilience of India’s scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans and strong earnings, according to the RBI’s latest Financial Stability report.

The country’s scheduled commercial banks continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively, the report states.

While overall gross NPAs (non-performing assets) of banks fell to 2.3 per cent of total loans as of March 31 from 2.8 per cent a year ago, public-sector banks registered a sharp decline in NPAs from 3.7 per cent in March 2024 to 2.8 per cent in March this year.

The gross NPA ratio of private-sector banks remained stable at 2.8 per cent, according to RBI data. Furthermore, macro stress test results showed that the scheduled commercial banks’ aggregate capital levels will continue to remain above the regulatory minimum, even under adverse stress scenarios, the report states.

Indian financial sector remained strong and resilient amidst global headwinds. Banks and non-banking financial companies (NBFCs) reinforced their capital and liquidity buffers while improving their asset quality. Bank credit growth decelerated and moved closer to deposit growth, narrowing the gap between both. The credit expansion by NBFCs was supported by improving credit quality and strong capital buffers.

A favourable interest rate environment, conditioned by monetary policy easing, is expected to catalyse credit offtake, going forward. The capital position of the urban cooperative banks (UCBs) strengthened, while that of the non-banking financial companies (NBFCs) remained well above the regulatory minimum.

The consolidated solvency ratio of the insurance sector, both life and non-life segments, remained above the minimum prescribed threshold limit. Stress test results of mutual funds and clear corporations affirm their resilience to shocks, according to the report. The half-yearly slippage ratio, measuring new accretions to NPAs as a share of standard advances at the beginning of the half-year, remained stable at 0.7 per cent while the provisioning coverage ratio of banks at 76.3 per cent in March 2025 was marginally lower than that in September 2024, the report added.

–IANS

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BJP Announces Joint Protest With ADMK Against DMK Govt Over Custodial Death Of Temple Guard Ajithkumar

custodial death of temple guard ajithkumar joint protest

The BJP and AIADMK, key allies in the National Democratic Alliance (NDA) in Tamil Nadu, have announced a large-scale joint protest to be held on 2 July 2025, in Thirubhuvanam, Sivaganga District. The demonstration is being organized to strongly condemn the alleged custodial death of 27-year-old temple security guard, Ajith Kumar, who died following a brutal police assault after being taken in for interrogation at the Thirubhuvanam Police Station.

The protest also aims to demand justice for Ajith Kumar’s family and call for appropriate compensation for their loss. The organizers are also pressing for the immediate arrest of those responsible, including any DMK members allegedly involved.

In an official statement shared on social media, senior BJP leader H. Raja announced, “BJP – AIADMK Joint Protest!! Massive Condemnation Protest by BJP – AIADMK tomorrow, Wednesday, 02.07.2025 at 10:00 AM in Thirubhuvanam, Sivaganga District, demanding justice for the murder of Mr. Ajithkumar of Thirubhuvanam!!! This massive condemnation protest is being organized jointly by the BJP and AIADMK on behalf of the National Democratic Alliance, tomorrow, Wednesday, 02.07.2025 at 10:00 AM in Thirubhuvanam, Sivaganga District being held to demand the arrest of DMK members involved in the murder of Mr. Ajithkumar, who died due to brutal assault by the police after being taken for interrogation to the Thirubhuvanam Police Station in Sivaganga District and also demands justice for Mr. Ajithkumar’s family and compensation for them. I request all State, District, Mandal, and Branch executives, and Wing and Division in-charges of the Bharatiya Janata Party belonging to Sivaganga District, to compulsorily attend this condemnation protest in large numbers with BJP flags. The struggle will continue until justice is served for Thirubhuvanam Ajithkumar’s family..!!”

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Dravidian Model Electric Buses Flagged Off by CM Stalin Breaks Down On Day One Of Operation, Had To Be Towed Away

cm stalin mk stalin bus breakdown inaugurated electric bus madhavaram

Just a day after Tamil Nadu Chief Minister MK Stalin flagged off 120 electric buses in Chennai with much fanfare, at least three of the newly launched vehicles reportedly broke down in different parts of the city, prompting criticism from commuters and opposition parties alike.

The electric buses, which were flagged off on 30 June 2025 from the Vyasarpadi MTC depot as part of the Chennai Sustainable Urban Services Program (C-SUSP), mark the first induction of e-buses by the state-run Metropolitan Transport Corporation (MTC). The initiative, backed by World Bank and AIIB funding, aims to improve urban mobility and reduce pollution in Chennai.

However, on the next morning (1 July 2025), several of these buses reportedly stalled during service, causing inconvenience to passengers and raising questions about the reliability of the fleet. Eyewitnesses reported breakdowns in multiple locations, with the buses being towed away shortly after being put into operation.

Videos circulating on social media showed the electric buses halted on busy routes, while disgruntled passengers voiced concerns about the effectiveness of the project. Some users accused the government of prioritizing publicity over performance, alleging that repeated technical failures had marred what was intended as a milestone in sustainable transport.

In the launch event, CM Stalin had personally inspected the buses and inaugurated a dedicated electric charging station built at a cost of ₹47.5 crore. The fleet itself was procured at a cost of ₹207.9 crore and included features like panic buttons, surveillance cameras, mobile charging ports, and low-floor access for disabled commuters.

According to officials, the buses were to be operated under the Gross Cost Contract (GCC) model by OHM Global Mobility, a subsidiary of Ashok Leyland and SWITCH Mobility. The MTC will pay ₹77.16 per kilometre to the operator over a 12-year period, while conductors hired by the MTC will issue tickets using electronic ticketing machines.

The buses had been deployed on 11 routes including Broadway-Kilambakkam, Poonamallee-Vallalar Nagar, and Vallalar Nagar-Redhills. Officials have not yet issued a formal statement on the breakdowns.

Public reaction has been swift, with many questioning the government’s preparedness and quality checks.

(With inputs from The New Indian Express)

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“You’re Not Fit To Be CM”: DMK MP A Raja’s Statement Comes Back To Haunt MK Stalin

mk stalin a raja

The Tamil Nadu BJP has come down heavily on Chief Minister MK Stalin following the alleged custodial death of Ajith Kumar, a 27-year-old temple security guard from Sivaganga. The incident has triggered a political storm, after Chief Minister MK Stalin seemed to shield the police and brushing aside serious allegations.

To highlight the DMK’s hypocrisy, the TN BJP shared an old video of Nilgiris MP and Deputy General Secretary of the DMK, A Raja harshly criticizing former Chief Minister Edappadi K. Palaniswami over a similar lock-up death case.

In the video, Raja questioned how a Chief Minister could casually dismiss a custodial death and said bluntly, “A custodial death has occurred, but a good Chief Minister should decide what steps to take to prevent it. Instead, for someone who has the police under their control to casually say it’s nothing, what does that mean? You are not fit to be the Chief Minister. I am accusing you, sir. You are not fit to be the Chief Minister in any way… not just the police, but including your statements and ramblings, I am telling you, ‘You have no moral basis to be the Chief Minister. You have no qualification whatsoever for that.”

The BJP posted the video clip on its official X handle, as a “bitter pill” for the DMK regime accused Stalin of responding insensitively when recently questioned about police accountability. During a press conference, when a reporter asked, “Some officials are making mistakes. How are you going to take action against them?” Stalin shot back, “What kind of mistakes are they making?”, a remark widely viewed as defensive and dismissive.

Mocking Stalin’s recent press statement, TN BJP wrote, “To the attention of the puppet chief minister @mkstalin who turned Tamil Nadu into a crematorium…After finishing all your walking, photoshoots, movie reviews, and ‘Manaada Mayilaada’ (a dance show) in the middle of the road… if you have time, answer these questions asked by A. Raja.”

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“Look At The Way He Responds”: Netizens Slam Stalin’s Attitude When Answering About Ajithkumar Custodial Death As He Asks “What Mistake Did They (Police) Do?”

stalin tamil nadu chief minister custodial death ajithkumar dmk

 

Tamil Nadu Chief Minister M.K. Stalin is facing mounting criticism over his response to media questions regarding the alleged custodial death of Ajithkumar, a 27-year-old temple security guard in Sivaganga district.

While Stalin had earlier spoken with the bereaved family and assured them of strict action, a press interaction on Tuesday, 1 July 2025, has drawn strong reactions from the public and opposition alike. Responding to a reporter’s question about the state’s accountability in cases like Ajith Kumar’s death, the Chief Minister appeared puzzled and asked, “What mistake did they do?” The reporter briefly explained the incident and the non-filing of the FIR, to which Stalin replied, “When we got the information, we took action, we got them arrested, even today, we have taken action against the higher authorities.”

The exchange, perceived by many as indifferent and lacking empathy, has triggered outrage on social media platforms. Several users accused the Chief Minister of responding defensively and downplaying the seriousness of the custodial death. Hashtags such as #JusticeForAjithKumar trended across X, with users questioning the tone and approach of the state’s top leader.

One user wrote, “The way he is responding with no empathy I will divert Atleast 100 votes going to dmk in 2026 who is with me”

Several others echoed the sentiment.

 

 

 

 

The AIADMK also weighed in, sharply criticizing Stalin’s response. In a post on X, the party wrote,This is the Chief Minister. The one who claims to have the police under his control. Did you notice the tone of asking, “What wrong are they doing?” If given a chance, he would openly advocate for them. That’s why we say Puppet Chief Minister @mkstalin!”

Despite Stalin’s assurance that action has been taken—including the transfer of Sivaganga SP Ashish Rawat and the arrest of five policemen—the opposition has questioned why such steps were only taken after public pressure mounted.

Meanwhile, the Madras High Court’s Madurai Bench is continuing to monitor the case through suo motu proceedings. The CB-CID has taken over the probe, and a case has been registered under provisions of the Bharatiya Nagarik Suraksha Sanhita (BNSS).

Ajith Kumar had been detained following a complaint by two women about missing gold jewellery. His death in custody, reportedly accompanied by physical injuries, has added to the list of custodial deaths that have rocked the state in recent years.

(With inputs from ANI)

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Crucial Buddhist Summit Begins In McLeodganj, Dalai Lama Likely To Mention Reincarnation Process

A three-day Buddhist religious conference began on Wednesday in McLeodganj, a small and quaint hill station in the suburbs of the northern hill town of Dharamsala in Himachal Pradesh, with a video statement from Tibetan spiritual leader the Dalai Lama, who is turning 90 on July 6, that could mention the process for selecting his next reincarnation, while Beijing tries to replace centuries-old Tibetan identity and culture.

The followers believe the message is expected to address the politically sensitive issue of the succession for the Dalai Lama lineage at the 15th Tibetan Religious Conference, where Buddhist leaders, including heads and representatives of all four major schools of Tibetan Buddhism — Gelug, Kagyu, Nyingma, and Sakya — will meet.

The next Dalai Lama, the 15th incarnation, will be an unbroken lineage that has lasted some 500 years, free from any external interference. Who is the Dalai Lama? The current Dalai Lama, Tenzin Gyatso, was born in 1935 to a farming family in a small hamlet in Taktser, Amdo, in northeastern Tibet. He was recognised as the reincarnation of the 13th Dalai Lama at the age of two.

As per Tibetan tradition, the reincarnation of a Lama, especially the Dalai Lama, is recognised, not appointed. It’s a sacred process involving visions, signs, and deep spiritual rituals. Only the Dalai Lama has the legitimate authority to identify his successor.

Attending celebrations in honour of his 90th birthday, the Dalai Lama on June 30 told the congregation that “Although I am now 90 years old, I am physically healthy and well. All these years, I’ve worked for the good of Tibetans and the Dharma. I’ve also established links with people around the world and engaged in useful discussions with scientists. My life has been worthwhile. I’ve visited many other countries and met all kinds of people. I feel my life as a human being has been of benefit to the people of the world, and I dedicate the rest of my life to the benefit of others.”

The Nobel Peace Laureate favoured a “framework” for the future of the Dalai Lama institution, emphasising the urgent need to safeguard its sacred spiritual authority.

“As far as the institution of the Dalai Lama is concerned, there will be a framework for it to continue. I was born in Dhomey and moved to Lhasa, where I was able to study. As I already said, I think I have been able to serve the Dharma and sentient beings, and I am determined to continue to do so,” the revered leader of Tibetan Buddhism, who is in good health, added.

Sixty-six years ago, the 14th Dalai Lama, disguised as a soldier, left Norbulingka Palace in Tibet, a Third Pole, and escaped into exile in India after his challenging 14-day journey. Since then, the longest, most respectable staying guest of the Indian government, who often says he’s enjoying every possible liberty, has been toeing a path of promoting human values, religious harmony, besides preserving Tibetan language and culture, the heritage received from the masters of India’s Nalanda University.

The Dalai Lama, with a retinue of soldiers and cabinet ministers, escaped into exile on March 17, 1959, after China crushed an uprising in Tibet. Globetrotting the Dalai Lama, who’s considered a living Buddha of compassion, in his latest book, ‘In Voice for the Voiceless’, offers insights into his decades-long dealings with China.

In the book, the Dalai Lama, a reincarnation of past Dalai Lamas, reminds the world of Tibet’s unresolved struggle for freedom and the hardship his people continue to face in their homeland. The book captures his extraordinary life, uncovering what it means to lose your home to a repressive invader and build a life in exile; dealing with the existential crisis of a nation, its people, and its culture and religion; and envisioning the path forward.

He was 16 years old when Communist China invaded Tibet in 1950, only 19 when he had his first meeting with Chairman Mao in Beijing, and 25 when he was forced to escape to India and became a leader in exile. On reaching India after a treacherous journey, the Dalai Lama first took up residence for about a year in Mussoorie in Uttarakhand.

On March 10, 1960, just before moving to Dharamsala, a town perched on the upper reaches of north India’s Kangra Valley, the Dalai Lama had said: “For those of us in exile, I said that our priority must be resettlement and the continuity of our cultural traditions. We, Tibetans, would eventually prevail in regaining freedom for Tibet.” Currently, India is home to around 1,00,000 Tibetans and the government-in-exile.

–IANS

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1998 Coimbatore Blast Terrorist And Bomb-Making Expert Abubacker Siddique Arrested In Andhra After 30 Years

Image Source: India TV

A joint operation involving the Intelligence Bureau, special police unit from Coimbatore, and Andhra Pradesh police successfully located and apprehended Abubacker Siddique, a fugitive linked to the 1998 Coimbatore bombings, on 30 June 2025 in the Annamayya district near Kadapa.

Siddique, aged 60 and described as a bomb-making expert with connections to the banned extremist group Al Ummah, had remained in hiding since the blasts.

Alongside him, another fugitive—identified as Mohammed Ali (also known as Yunus or Mansoor)—was arrested. Both men were under surveillance for years, with a reward of ₹5 lakh posted for Siddique’s apprehension.

Upon his arrest, Siddique claimed mistaken identity, but officials confirmed his identity using decades-old photographs and took him into custody for questioning by the Anti-Terror Squad.

Siddique is accused of orchestrating multiple high-profile terror incidents dating from the mid-1990s onward, including the 1995 blasts at the Hindu Munnani office in Chennai’s Chintadripet area, the Nagore parcel bomb that killed a man named Thangam, the serial bombings across southern India in 1999, and an attempted pipe bomb targeting L.K. Advani’s convoy in Madurai.

Known as a master bomb-maker, he is alleged to have trained several Al Ummah operatives.

The arrest marks a major breakthrough in long-standing counterterrorism efforts. Authorities expect that Siddique’s capture will assist ongoing investigations into terrorist activities across Tamil Nadu and neighboring regions. Both Siddique and Ali were presented before a Chennai court on July 1 and remanded to judicial custody.

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Madras High Court Slams Dravidian Model DMK Govt Police Over Ajithkumar Custodial Death Case

madurai bench of madras high court tamil nadu police dravidian model police ajithkumar custodial death

The Madras High Court’s Madurai Bench on Tuesday strongly criticised the Tamil Nadu government over its handling of the alleged custodial death of Ajith Kumar, a 27-year-old temple security guard from Sivaganga. The court termed the government’s response “insufficient” and raised a series of pointed questions over procedural lapses and delay in investigation.

Ajith Kumar was picked up by police on 27 June 2025 in connection with a jewellery theft complaint and was found dead the following day. The post-mortem report revealed 18 injuries on his body, suggesting custodial torture. Five police personnel have been arrested and remanded to judicial custody till 15 July 2025. The state government has also transferred Superintendent of Police IPS Ashish Rawat, replacing him with IPS G Chandeesh.

During Tuesday’s hearing, the High Court questioned why an FIR was not registered at the time the initial complaint of jewellery theft was made—the very complaint that led to Ajith’s detention.

The government counsel responded that a preliminary enquiry was needed before an FIR could be registered, but the court expressed dissatisfaction with this explanation.

The bench demanded clarity on several aspects of the investigation. It asked under whose authority the probe was transferred to a special investigation team, and why the post-mortem report had not yet been submitted to the magistrate. “Is the government working for the people or not?” the court asked bluntly, further questioning the decision to transfer the SP instead of suspending him.

The court directed the Director General of Police (DGP) to clarify who had authorised the formation of the special investigation team and raised concerns about a possible cover-up. It also questioned whether steps were taken to shield the accused officers from CCTV surveillance, and who had permitted the movement of Ajith across various locations over two days.

“Who handed over Ajith to the special team? Who gave permission to take him around various locations for two days? Why wasn’t the autopsy report immediately handed over to the magistrate?” the bench asked.

The judges also said they would await Ajith’s medical report to verify allegations raised by his family that chilli powder was used during torture.

The court ordered Sakthiswaran, a temple staffer who recorded a video allegedly showing Ajith being assaulted by police, to appear for the next hearing at 3 PM.

Chief Minister MK Stalin has said action is expected against a senior official as well, amid rising public pressure over the incident.

(With inputs from India Today)

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Chennai: Armed Police Sub-Inspector Booked Under POCSO For Alleged Sexual Assault Of 8-Year-Old Girl, Official Denies Charges

chennai police-sub inspector pocso

A shocking case of alleged sexual assault has emerged in Nungambakkam, Chennai, where an 8-year-old girl was reportedly abused by an Armed Police Sub-Inspector (SI) after being administered an anesthetic injection. The accused, identified as SI Raji, is currently under investigation, and a case has been registered under the Protection of Children from Sexual Offences (POCSO) Act.

According to the complaint filed by the girl’s family, the incident occurred when the child was playing near her home in Nungambakkam two nights ago. She suddenly went missing, prompting her father and grandmother to search the neighborhood. After inquiries, they learned that the girl was at the residence of SI Raji, who lives on Erikkarai Street.

Upon arriving at Raji’s house, the family found the girl unconscious. When she regained consciousness, she reportedly told her family that the sub-inspector had “misbehaved with her.” The parents alleged in their complaint that Raji had sexually assaulted the girl after injecting her with an anesthetic.

The family attempted to file a formal complaint at the Nungambakkam police station, but officers initially refused to register it. This led to protests by the girl’s relatives outside the station late on the night of 30 June 2025. After intervention, the police assured action and sent the family for medical examination.

The victim was later admitted to Kilpauk Government Hospital for further evaluation. Meanwhile, SI Raji was taken to the Aiyaram Vilukku All Women’s Police Station for questioning.

During interrogation, Raji denied the allegations, claiming that the girl’s family was fabricating the story as retaliation. He stated, “Since the girl’s parents have been harassing her, I warned them that I would report the matter to the Child Welfare Committee. To take revenge, they are spreading false accusations.”

Authorities are conducting a thorough probe into the incident, including medical tests and witness statements. A POCSO case has been officially registered, and further legal action will depend on the findings.

(With inputs from One India Tamil)

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Surrey: 42-Year-Old LGBTQ+ Group Co-founder Stephen Ireland Jailed For Raping 12-Year-Old Boy

Stephen Ireland, the 42-year-old co-founder of Pride in Surrey, has been sentenced to 24 years in prison with an additional six years on extended licence for a series of grave sexual offences involving children for raping a 12-year-old boy he met on the dating app Grindr. The sentencing took place at Guildford Crown Court on Monday, where the court heard disturbing details of Ireland’s abuse of a 12-year-old boy and his broader pattern of predatory behaviour.

His partner, David Sutton, 27, was jailed for four-and-a-half years for related child sexual offences.

Ireland, who co-founded the LGBTQ+ organisation in 2018, was convicted of raping the child — referred to in court as Child A — at the flat he shared with his then-partner and co-defendant, David Sutton, 27, in Addlestone, Surrey, on April 19, 2024.

The court was told that Ireland had contacted the child via the dating app Grindr. The boy, who had been reported missing at the time, later told police that he had been taken to Ireland’s flat, where the two engaged in sexual activity, smoked a bong laced with methamphetamine, and watched pornography.

Presiding Judge Patricia Lees said Ireland had “taken advantage” of a highly vulnerable child, noting that his senior role in an LGBTQ+ youth organisation made his actions particularly egregious.

“Any responsible adult would have quickly appreciated that this was a child who had likely been sexually groomed by men before — and should have acted to protect, not exploit, him,” she said.

The court heard that although the boy initially claimed to be 17, he later told Ireland he was 13. Ireland responded, “OK – we just have to keep it a secret.” In follow-up Telegram messages, Ireland described the boy’s age as “naughty and kinky” and offered a threesome, sending the child images of himself and Sutton.

The prosecution revealed that Ireland and Sutton exchanged sexual messages about the boy and that Ireland had sent Sutton a photo of the child, describing him as a “14-year-old baby” who “wants to play with men’s bodies.”

Both men were found guilty earlier this year of a wide range of child sexual offences. This included voyeurism, arranging commission of a child sex offence, making and distributing indecent photographs of children, and possession of prohibited images. In one incident from March 2024, Ireland watched live video footage of Sutton having sex with a 16-year-old boy who was unaware he was being recorded. Ireland sent Sutton instructions during the act via text, stating, “He doesn’t know I’m here.”

The court was also told that in 2022, Ireland and Sutton discussed acquiring a 13-year-old boy as a “gift” for Sutton’s 25th birthday. Both were also convicted of voyeurism after Ireland secretly filmed Sutton having sex with a 16-year-old boy in their flat.

Judge Lees described the pair as feeding “off one another in your perversions.” Ireland received 24 years plus six on extended license for multiple offenses, including rape, child sexual exploitation, and possession of extreme pornography. Sutton was sentenced for voyeurism and distributing indecent images.

Ireland’s lawyer argued he did not exploit his LGBTQ+ advocacy role, but the judge emphasized his betrayal of trust. Surrey Police confirmed both men attempted to destroy evidence after their arrest.

(With inputs from Independent)

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