Utkarsh Small Finance Bank Reports Q1 Loss as Asset Quality Stress Persists
Utkarsh Small Finance Bank reported a net loss of Rs 34 crore for the June quarter, marking its fifth straight quarterly loss. While the loss has narrowed compared to previous periods due to lower provisioning, the bank continues to face significant pressure on its asset quality. Gross non-performing assets (NPAs) remain elevated at 6.1%. The lender's financial health is currently impacted by ongoing stress in its loan portfolio, which remains a key concern for investors and analysts monitoring the small finance banking sector.
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Prashant Kishor Condemns Arrest of Jan Suraaj Party Leaders in Patna
Political strategist and Jan Suraaj Party founder Prashant Kishor has demanded strict action against the Patna Senior Superintendent of Police following the arrest of several local party leaders. Kishor criticized the current administration, specifically targeting Deputy Chief Minister Samrat Choudhary, for allegedly misusing law enforcement for political gains. He contrasted these actions with the 20-year tenure of Chief Minister Nitish Kumar, asserting that Kumar never weaponized the police administration to secure electoral victories. The dispute highlights growing friction between Kishor's nascent political movement and the established ruling alliance in Bihar ahead of future polls.
BSP Chief Mayawati Expels Former MP Ashok Siddharth Over Party Indiscipline
Bahujan Samaj Party (BSP) president Mayawati has expelled former Rajya Sabha member Ashok Siddharth and coordinator Randhir Singh Beniwal for alleged indiscipline and violating party directives across multiple states. Mayawati emphasized a strict stance, stating that Siddharth would not be reinstated. Additionally, the party chief announced structural changes, clarifying that senior Uttar Pradesh office-bearers will no longer hold state-specific roles. Ramji Gautam is set to remain the Punjab in-charge through the upcoming assembly and Lok Sabha elections. The move signals an internal crackdown to enforce party loyalty and streamline leadership roles ahead of future electoral cycles.
Congress Criticizes NSA Detention of Assam Activist Pranab Doley Following Bail
The Indian National Congress has criticized the Prime Minister Narendra Modi-led government following the detention of Assam activist Pranab Doley under the National Security Act (NSA). Doley was originally arrested on July 12 for his involvement in protests against the construction of a luxury hotel near Kaziranga National Park. Although he was granted bail by a local court, authorities immediately invoked the NSA to keep him in custody. Opposition leaders have described the move as a recurring tactic used to suppress dissent, while the government maintains the detention is necessary for maintaining public order amidst ongoing environmental and land-rights disputes.
Tamil Nadu Government Rejects All-Party Meeting Request Over Cauvery Water Dispute
The Tamil Nadu government has formally declined a request from opposition parties to convene an all-party meeting regarding the ongoing Cauvery River water-sharing dispute. State Water Resources Minister Duraimurugan stated that such a meeting is currently unnecessary, emphasizing that the government is already taking all legal and administrative steps to secure the state's rightful share of water from Karnataka. The dispute remains a critical issue for farmers in the Cauvery delta region, especially during periods of low rainfall. While the opposition argues for a unified political front, the ruling administration maintains that existing legal channels and federal monitoring committees are sufficient for addressing the crisis.