Karur Vysya Bank Reports 14% Loan Growth; South Indian Bank

06 Jan 2025 CW Team

Private sector lender Karur Vysya Bank announced a 14% year-on-year growth in its loan book by the end of the third quarter, while South Indian Bank reported an almost 12% rise in its loans. Karur Vysya’s total advances reached Rs 828.42 billion as of December 31, 2024, reflecting a 13.96% annual increase. Deposits grew by 15.75% to Rs 991.55 billion, surpassing the loan growth. The increase in deposits was largely driven by a rise in fixed deposits, while low-cost current and savings account (CASA) deposits grew only 4.28%. As a result, the CASA ratio fell to 28.4% from 31.5% a year ago. South Indian Bank’s advances rose 11.94% to Rs 869.65 billion, while its deposits grew at a slower pace of 6.28% to Rs 1.05 trillion. The bank’s CASA ratio decreased slightly to 31.16% from 31.8% over the past year. (ET)

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..