CHENNAI PRESS NEWS

Chennai,  October 30, 2025: Canara Bank, one of India’s leading public sector banks, delivered a strong financial performance in the second quarter, marked by solid profitability and improved asset quality. The bank’s net profit rose 18.9% year-on-year to ₹4,774 crore, while total income increased 11.2% to ₹31,543 crore. K. Satyanarayana Raju,  MD & CEO Canara Bank’s profit growth reflects effective business strategies and sustained operational efficiency. The rise in total income was largely driven by higher interest income, which grew from ₹23,082 crore to ₹25,057 crore compared to the same quarter last year. Operating profit before provisions stood at ₹8,588 crore, slightly up from ₹8,554 crore in the previous quarter, underscoring consistent operational strength. The bank achieved notable improvement in asset quality. The Gross Non-Performing Assets (GNPA) ratio fell to 2.35% from 2.69% in the previous quarter, while the Net NPA (NNPA) ratio declined to 0.54% from 0.63...

Chennai, 30th October 2025: Shri Pralhad Joshi, Hon’ble Union Minister for New and Renewable Energy, Consumer Affairs, Food & Public Distribution, called upon India’s wind energy industry to enhance local content in wind projects from 64% to 85%, aligning with the Hon’ble Prime Minister’s vision of an Atmanirbhar Bharat in clean energy.  Addressing the 7th edition of Windergy India 2025 in Chennai, the Minister emphasized that higher domestic value addition will strengthen India’s clean energy supply chain amid global uncertainties. He also announced that the Standard Operating Procedure (SOP) for ALMM (Wind) will be released shortly. Inauguration Youtube video Link 👇  Shri Joshi highlighted that wind energy accounts for nearly one-fifth of India’s 257 GW renewable capacity and has played a pivotal role in promoting indigenization. “India can capture 10% of the global wind supply chain by 2030 and up to 20% by 2040,” he noted. With close to 54 GW of installed wind capacit...