India miserably fail first big Test against Proteas, throw Super Eights wide open

India miserably fail first big Test against Proteas, throw Super Eights wide open


South Africa’s Corbin Bosch celebrates the wicket of Indian skipper Suryakumar Yadav during their ICC Men’s T20 World Cup 2026 Super 8 Group 1 match, at Narendra Modi Stadium in Ahmedabad on Sunday.
| Photo Credit:
ANI

PTI, Ahmedabad

The one dimensional “attack at all cost” template of Indian batting unit was thoroughly exposed as the hosts failed their first big test against South Africa, comprehensively losing their opening Super Eights game by 76 runs in the T20 World Cup here on Sunday.

While four victories on the trot in the group stage papered over the visible lacunae, the Indian batters totally faltered on a slightly sluggish surface The defeat, India’s first since the semi-final loss to England in the 2022 edition, has left the group wide open and make their next two games against Zimbabwe (February 26) and West Indies (March 1) literally must-win games in order to qualify for the last four stage.

Jasprit Bumrah’s (3/15 in 4 overs) superlative bowling performance was completely undone by an inept batting show as India were bowled out for a lowly 111 in 18.5 overs in pursuit of 188.

Marco Jansen (4/22), Keshav Maharaj (3/24) and Corbin Bosch (2/12) were the wreckers-in-chief in what was a complete performance by the Proteas.

But David Miller’s 63 and useful contributions from Dewald Brevis (45) and Tristan Stubbs (44 n.o.) should also get honourable mention especially as they nullified Varun Chakravarthy (1/47 in 4 overs) with aplomb.

But anyone who saw the Indian batters stutter against the USA, Namibia and the Netherlands knew that it required just one good team to force them to change gears, and they found their bogey unit in South Africa.

On a black soil surface where the ball was gripping, none of the Indian batters got the measure of Proteas’ attack which fired collectively.

Skipper Aiden Markram made the job easier by removing the dangerous Ishan Kishan (0) with a delivery that stopped on him and he played the ugliest cross-batted hoick.

Tilak Varma’s (1) approach towards batting in the whole tourney had been faulty and he lasted only two balls.

Tilak’s intention to give Marco Jansen the charge ended disastrously and he also wasted a DRS for a nick that possibly could have been heard as far as at the Sabarmati Ashram.

Abhishek Sharma (15) got his first World Cup runs but he is completely out of sorts and it took one pace-off knuckle ball from India’s nemesis Jansen to sort him out.

The debatable decision to include Washington Sundar in place of regular vice-captain Axar Patel turned out to be a complete harakiri as the over-rated white ball all-rounder neither set the stage on fire with ball or bat. Suryakumar Yadav (18 off 22 balls) couldn’t get the ball off square at times and on a difficult surface against a good attack, his performance once again left a lot to be desired.

Suryakumar wouldn’t even like to look at his dismissal off Bosch, as he flicked a delivery on leg-stump to mid-wicket.

At 51 for 5, the match was as good as over but Hardik Pandya (18 off 17 balls) and Shivam Dube (42 off 37 balls) were still there at the crease.

The duo added 35 runs but the bowling plans devised by South African coach Shukri Conrad was remarkable at that phase.

Lungi Ngidi and Bosch bowled wide yorkers at variable pace which the two big hitters couldn’t negotiate well.

Spinner Keshav Maharaj (3/24) adjusted his lengths and bowled at a slower pace which made it immensely difficult to get under the ball and generate power. Once Pandya and Rinku were dismissed, the 90,000-odd spectators slowly trudged out carrying the disappointment of another World Cup game defeat at this venue.

Earlier, David Miller rolled back the years with exhilarating strokes but Bumrah’s superb initial and end act had restricted South Africa to a manageable 187 for seven in 20 overs.

Miller, standing on the cusp of 37, struck 63 off 35 balls and got fine support from young Dewald Brevis (45 off 29 balls) after Bumrah (3/15 in 4 overs) and Arshdeep Singh (2/28 in 4 overs) had reduced the Proteas to 20 for 3 inside the first four overs.

Bumrah, who got two wickets in his first two overs for just seven runs, took one more wicket giving away just 8 more runs across the 17th and 19th over that he sent down but all went down the drain.

Published on February 22, 2026



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ICICI Prudential की Swasthya Pension Scheme launch | Retirement + Medical Plan Explained| Paisa Live

ICICI Prudential की Swasthya Pension Scheme launch | Retirement + Medical Plan Explained| Paisa Live


ICICI Prudential Pension Funds Management Company ने भारत की पहली Swasthya Pension Scheme launch की है, जिसे Pension Fund Regulatory and Development Authority के regulatory sandbox में test किया जा रहा है। यह एक नई तरह की pension scheme है, जो retirement savings के साथ medical expenses के लिए भी flexibility देती है।इस योजना में subscribers अपने contribution का 25% तक multiple times medical जरूरतों के लिए withdraw कर सकते हैं। Serious emergency में 70% से अधिक corpus के लिए premature closure की सुविधा भी है, और payment सीधे hospital को किया जा सकता है। Healthcare partner के रूप में Apollo Hospitals जुड़ा है, जिससे digital payments और services आसान हो जाती हैं।यह scheme health insurance का replacement नहीं बल्कि supplement है। क्या यह future retirement planning का नया model बन सकता है? पूरी जानकारी इस video में।



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US bilateral trade deals stand despite tariff ruling, Greer says

US bilateral trade deals stand despite tariff ruling, Greer says


US Trade Representative Jamieson Greer
| Photo Credit:
KYLIE COOPER

President Donald Trump’s tariff-policy defeat in the US Supreme Court won’t unravel individual deals the administration has sealed with its trading partners, US Trade Representative Jamieson Greer said.

Those deals, which the administration made with China, the European Union, South Korea and others, remain in place, Greer said Sunday on CBS’s Face the Nation. He sought to separate those arrangements from the planned 15 per cent global tariff Trump announced Saturday.

“We want them to understand these deals are going to be good deals,” Greer said. “We’re going to stand by them. We expect our partners to stand by them.”

The high court ruling that struck down Trump’s use of emergency authority to wield tariffs preceded the president’s planned trip next month to China. Greer suggested that alternative US trade tools, including those involving investigations of other countries’ trade practices, would give the US leverage.

“We have tariffs like this already in place on China, we have open investigations already,” he said.

Trump is expected to meet Chinese President Xi Jinping during his visit starting March 31.

“The president and Xi have a strong relationship,” Greer told Fox News Sunday, noting the US maintains an average tariff of 40 per cent on China without using the emergency law struck down by the court. 

Trump’s approach to trade, largely nullified by the Supreme Court, nevertheless has riled US trading partners worldwide, including the European Union.

The European Parliament’s trade chief said Sunday he’ll propose freezing the EU’s ratification process of the trade deal with the US until they’ve received details from the Trump administration on its trade policy. 

Greer said he “spoke with my counterpart from the EU this weekend” and would be talking with officials of other key US trading partners to reassure them.

“Rest assured, I’ve been speaking to these folks as well,” Greer told CBS. “I’ve been telling them for a year — whether we won or lost we were going to have tariffs, the president’s policy was going to continue. 

“That’s why they signed these deals even while the litigation was pending,” he said.

More stories like this are available on bloomberg.com

Published on February 22, 2026



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PSBs up their game on credit underwriting, ensuring lower slippages

PSBs up their game on credit underwriting, ensuring lower slippages


PSBs have been exercising better control on loan sourcing and keeping a close eye on repayments, minimising asset quality deterioration in the process
| Photo Credit:
iStockphoto

Public sector banks (PSBs) have upped their game on credit underwriting front, stemming fresh slippages, whereas private sector banks (PvSBs) appear to be lagging in this area.

This is borne out by the Central bank data for the last three years and Department of Financial Services Secretary’s latest statement.

During the last three financial years, overall non-performing asset (NPA) additions ranged between 18 per cent and 24 per cent of the NPA opening balance in the case of PSBs.

In sharp contrast, in the case of PvSBs, overall NPA additions ranged from 61 per cent to 93 per cent of the NPA opening balance.

What this means is that PSBs have been exercising better control on loan sourcing and keeping a close eye on repayments, minimising asset quality deterioration in the process.

Surpassing industry

Nagaraju M, Secretary, Department of Financial Services (DFS), in a recent speech at the Indian Banks’ Association’s 78th annual general meeting, highlighted that PSBs have been outpacing the banking industry in terms of record low NPA levels, robust profitability and strengthening of the capital base with each passing quarter.

One of the experts assisting the government and IBA with the EASE (Enhanced Access and Service Excellence) agenda noted that PSBs have overcome asset quality challenges and their focus has shifted from the left hand side of the balance sheet (assets) to the right hand side (liabilities/deposit mobilisation).

Based on RBI data for the last three years, reduction in NPAs for PSBs has been higher than fresh slippages, averaging about 40 per cent of the opening balance.

However, in the case of PvSBs, reduction in NPAs has more or less kept pace with fresh slippages, indicating their willingness to take a hit on the chin via write-offs and move on with the lending business.

“Slippages in private sector banks are visible in the last three years, going by fresh NPA accretion data. This could possibly be due to exponential growth in unsecured loans in post-Covid years, amongst others. However, these banks have been able to contain outstanding gross NPAs through timely action of close monitoring, recovery and upgradation, in addition to sale of these NPAs to Asset Recovery Companies (ARCs),” said Hari Hara Mishra, CEO, Association of ARCs in India.

He emphasised that a healthy balance sheet and control over slippages unlocks growth potential of the banks, which attracts investors and command a market premium.

Published on February 22, 2026



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SEBI Board meet on March 23 likely to revisit conflict-of-interest rules

SEBI Board meet on March 23 likely to revisit conflict-of-interest rules


FILE PHOTO: The logo of Securities and Exchange Board of India (SEBI) is seen on its headquarters in Mumbai, India, March 24, 2025. REUTERS/Hemanshi Kamani///File Photo
| Photo Credit:
HEMANSHI KAMANI

The Securities and Exchange Board of India (SEBI) board meeting scheduled for March 23 is expected to discuss the conflict-of-interest framework for senior officials again, along with likely proposals of netting of funds for foreign portfolio investor (FPI) transactions, revisions to ‘fit and proper person’ norms for intermediaries, and changes in trading at stock exchanges among others, according to people familiar with the matter.

The final agenda for the meeting has not yet been finalised. However, the board is expected to consider around 20 items, including several proposals that were not placed before at the previous board meeting held on December 17.

Key issue

One of the key issues expected to be discussed is the conflict-of-interest and disclosure framework for SEBI’s senior officials, based on the recommendations of a high-level committee report. The board had deferred a decision on the framework to be formalised in the December meeting, saying more deliberation was needed. “The conflict-of-interest report is expected to be discussed again, but it remains a discussion item for now,” said a person aware of the matter. “The board reaching a conclusion soon looks difficult.”

The board may consider a proposal to permit netting of funds for transactions undertaken by FPIs. The proposal seeks to allow offsetting of pay-in and pay-out obligations across trades, a move that could ease liquidity management and lower operational costs for overseas investors. “This is something FPIs have been seeking for some time, but the regulator will look closely at settlement and risk implications,” said another source.

The meeting may also discuss amendments to the ‘fit and proper person’ criteria for intermediaries. The proposal aims to tighten and clarify eligibility and integrity standards for intermediaries by refining disclosure and assessment parameters to remove ambiguity around suitability norms.

Another proposal that may be taken up is modification of master circulars for stock exchanges and clearing corporations and the commodity derivatives segment. The amendments aim to improve the ease-of-doing business and compliance at stock exchanges through simplifying regulatory requirements and removing redundant provisions and duplication. Proposals include merging, demerging and removing provisions.

An email sent to SEBI did not elicit a response until press time.

Regulatory tweaks

Other proposals that may come up for discussion include changes to base price and price band provisions for exchange traded funds to improve price discovery, relaxations in reporting requirements for stockbrokers as part of ease-of-doing-business measures, and extension of standing instructions for systematic withdrawal and transfer plans for mutual fund units held in dematerialised form.

The board may also take stock of proposals aimed at easing regulatory processes for REITs and InvITs, providing flexibility to alternative investment funds in winding up schemes or surrendering registration, reviewing stress-testing norms and settlement guarantee fund coverage in the commodity derivatives segment, and revisiting minimum investment thresholds and related norms for Social Impact Funds.

Published on February 22, 2026



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IndusInd Bank CEO: RBI’s stern cross-selling guidelines to strengthen banking system

IndusInd Bank CEO: RBI’s stern cross-selling guidelines to strengthen banking system


Rajiv Anand, CEO, IndusInd Bank

The Reserve Bank of India’s (RBI) proposed guidelines on the way banks should advertise, market or sell financial products may have a short-term impact on lenders, but will prove to be positive for the banking sector in the long run, IndusInd Bank CEO Rajiv Anand told businessline.

“I can fully understand where the RBI is coming from. Their focus over the last few years has been around customer protection. There have been various measures that they undertook over the past three years and this to that extent is a continuation of that process. I am sure they have seen some data which indicates that there has been some element of mis-selling by banks, both private and public sector ones,” Anand said.

“So, therefore, tightening these to my mind may hurt some banks in the short term, but will make banking system much stronger in future. It is too early to say if there will be material impact on other income, but the primary focus has to be in terms of adherence through the letter and spirit as far as guidelines are concerned,” he added.

According to draft norms, mis-selling will entail not just refunding amounts taken from the customer, but also shelling out compensation, which could keep the enthusiasm of banks to push third-party products such as insurance, mutual funds and pension under check. This could dent their other income, as businessline had reported earlier this month. A few private banks are likely to be more impacted due to the proposed norms, analysts say, as the gap between their core income and other income has shrunk sharply over the last years.

Acquisition finance

Anand said the RBI’s final guidelines on acquisition financing could provide IndusInd the opportunity to partner with some of the bigger banks for large transactions.

“This (acquisition finance) has been an ask from Indian banks for a long time. It gives us a fair crack at being able to participate in M&A financing. For banks like us, it gives us opportunity to partner with some of the larger banks to look at such transactions,” Anand said.

He added that not all transactions will move to Indian banks from foreign banks, but the approval provides a fair playing field to Indian lenders to participate in this space. He says Indian private sector banks and many State-owned banks have very strong underwriting capability and will be able to compete with foreign lenders in this space. The RBI’s final guidelines say banks can conduct acquisition financing of up to 20 per cent of their tier-1 capital, as against the proposed 10 per cent cap.

Published on February 22, 2026



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