Private sector lender YES Bank expects to bring down credit-to-deposit (C/D) ratio to below 100 per cent by March 2021, from the current levels of 122 per cent in order to bring a balance in the asset-liability equation. The C/D ratio was 122.9 per cent in September, down from 140.2 per cent in June. It was at 162.7 per cent in March.

Bank officials said while it was possible to bring down the ratio below 100 per cent much earlier, YES Bank, too, has to look at interest earning for which credit expansion is equally important.

SpiceJet on Monday said it would operate non-stop flights connecting Delhi and Mumbai with London from December 4. The airline will become the first Indian low-cost carrier to operate flights to the UK. At present, Air India and Tata group-owned Vistara, both full-service carriers, fly to Heathrow airport. While the return fare for economy class has been fixed at Rs 53,555, for business class it would be Rs 1,47,627 for Delhi, and Rs 1,53,383 for Mumbai.

Stressing on the significance of artificial intelligence (AI) and India's growing role in the segment, Prime Minister Narendra Modi on Monday cautioned against weaponisation of AI by "non-state actors" at RAISE 2020.

In his address at the inaugural session of RAISE 2020, a virtual summit on AI, Modi said that using AI properly remains a collective responsibility.

The Supreme Court on Tuesday will hear a PIL seeking a CBI probe or an SIT investigation under a sitting or former Supreme Court or a High Court judge in the gruesome gang-rape and murder of a 19-year-old Dalit woman in Uttar Pradesh's Hathras district.

A bench, headed by Chief Justice SA Bobde and comprising Justices AS Bopanna and V Ramasubramanian will take up the PIL filed by social activist Satyama Dubey and advocates Vishal Thakre and Rudra Pratap Yadav.

The crucial meeting of the Goods and Services Tax Council (GST Council) was held today under the chairmanship of Finance Minister Nirmala Sitharaman. The meeting was organised through video conferencing where the Centre and the state governments brainstormed on the issue of GST compensation.

However, there was no consensus among the states on several issues in the meeting. The council's next meeting will be held on October 12 for further discussion on the reduction in collections and compensation to states.

Rajasthan Chief Minister Ashok Gehlot Sunday attacked the BJP for a hurried late nigh cremation of the 19-year-old Hathras woman, who had died after allegedly being gang-raped and brutalised, terming it heartbreaking.

The cremation of the girl was conducted at 2 am at Hathras. This is heartbreaking and will be there forever in the memory of the entire country, Gehlot said.

With a spike of 75,829 new cases and 940 deaths reported in India, the country's COVID-19 count crossed 65 lakh on Sunday, according to the Ministry of Health and Family Welfare (MoHFW).

As per the MoHFW, the COVID-19 count is at 65,49,374, including 9,37,625 active cases in the country.

The central government on Sunday said that over Rs 1,000 crore has been paid to 41,084 farmers for procurement of paddy on Minimum Support Price (MSP).

The paddy procurement for 2020-21 has commenced across the procuring states, the Ministry of Consumer Affairs, Food and Public Distribution said in a release.

Tata Consultancy Services (TCS) will be considering a buyback of shares of the company at a board meeting to be held on October 7.

TCS said in a filing that the meeting of the Board of Directors of the company is scheduled on October 7 and the Board of Directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on October 7, 2020.

As many as 3,066 bank employees in Odisha have tested positive for COVID-19, while 14 of them have lost their lives as on September 30, according to an official on Sunday.

In a letter, Arupananda Jena, State Level Bankers' Committee (SLBC) convenor informed that State Bank Of India has reported highest 968 COVID-19 positive cases with one death when it comes to public sector bank. Axis Bank has reported highest 390 COVID positive cases, with no deaths in private banks.

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