Tag: public sector

  • SBI and LIC Combined Net Profit Reaches Rs. 1.37 Lakh Crore in FY26

    SBI and LIC Combined Net Profit Reaches Rs. 1.37 Lakh Crore in FY26

    India’s two largest public-sector financial institutions, State Bank of India (SBI) and Life Insurance Corporation of India (LIC), delivered robust earnings for the fiscal year 2025–26. Their combined standalone net profit stood at approximately Rs. 1.37 lakh crore, driven by double-digit growth in both banking and insurance operations.

    SBI Posts Record Annual Profit

    SBI reported a standalone net profit of Rs. 80,032 crore in FY26, a 12.88% increase from Rs. 70,901 crore in the previous fiscal year. The bank’s net interest income rose 4.08% to Rs. 1,73,120 crore. SBI’s strong performance was supported by growth across lending segments: retail personal advances increased 15.22%, agricultural advances grew 19.68%, SME advances rose 20.99%, and corporate advances increased 14.83%. Total deposits at the end of March 2026 stood at Rs. 59.76 lakh crore, up 11.03% year-on-year.

    Asset quality also improved. SBI’s gross non-performing asset ratio declined to 1.49% from 1.82% a year earlier, while the net NPA ratio fell to 0.39%. The bank’s capital adequacy ratio strengthened to 15.40%, underscoring its financial resilience.

    LIC Delivers Double-Digit Profit Growth

    LIC recorded a profit after tax of Rs. 57,419 crore in FY26, marking a 19.25% increase from Rs. 48,151 crore in FY25. Total premium income rose 9.80% to Rs. 5,35,984 crore. The insurer’s value of new business jumped 41.63% to Rs. 14,179 crore, and assets under management grew 5.08% to Rs. 57.29 lakh crore.

    Combined Profit Highlights

    Adding SBI’s Rs. 80,032 crore and LIC’s Rs. 57,419 crore gives a combined standalone profit of Rs. 1,37,451 crore (approximately Rs. 1.37 lakh crore). This figure differs from the commonly cited Rs. 1.41 lakh crore aggregate, which may include other income components. The distinction is important when comparing standalone results.

    Strong Year for India’s Leading PSUs

    FY26 marked a standout year for both institutions. SBI achieved its highest-ever annual profit, while LIC sustained double-digit earnings growth. Together, they reflect the strength of India’s public-sector financial ecosystem, with gains in lending, premiums, asset quality, and other key metrics.

  • New AI Predictive Model Aims to Shift Cybersecurity from Reactive to Proactive for Critical Infrastructure

    New AI Predictive Model Aims to Shift Cybersecurity from Reactive to Proactive for Critical Infrastructure

    For most public institutions, cybersecurity follows a predictable sequence: an incident occurs, a tool detects it, an alert is generated, and a team responds. According to Dr. Naga Venkata Aswini Pavan Kumar Inguva, a researcher and senior software developer at a U.S. state government agency, that order fundamentally puts organizations behind attackers from the start.

    Inguva argues that while this reactive approach may work for private companies, the stakes are far higher for public utilities such as water systems, hospitals, transit authorities, and power grids. In these sectors, a breach doesn’t just cost data or money; it disrupts essential services that people rely on with no alternative. He believes cybersecurity must move beyond rapid response toward anticipation.

    To address this, Inguva developed a conceptual framework for AI-driven predictive cyber threat intelligence. Unlike traditional detection systems that look for known attack patterns, his framework emphasizes contextual analysis—understanding the sequence and relationships between events to predict where an attack is heading. The research, which is a structured foundation rather than a deployed product, focuses on enterprise and critical infrastructure environments. It analyzes which machine learning techniques are genuinely applicable to threat prediction and provides recommendations for implementation.

    Public institutions, Inguva notes, present the hardest case: they often run aging technology, operate under tight budgets, and carry obligations private firms don’t. Their security spending tends to focus on monitoring, which produces volume but not foresight. His prescription is for a proactive, intelligence-driven, and context-aware posture paired with secure architecture, continuous monitoring, employee awareness, and proactive risk management.

    Inguva emphasizes that this is not solely a technical challenge. Protecting critical infrastructure requires shared responsibility across researchers, industry, and policymakers. His broader research record includes published work on generative adversarial networks, deep learning for threat detection, and machine learning for attack classification, some of which earned best paper awards. He is also a published author and co-founder of Thaapasi Smart Infratech Pvt. Ltd.

    Looking ahead, Inguva expects advances in artificial intelligence, graph analytics, threat intelligence, and automation to help organizations recognize attack progression earlier and prioritize genuine threats. But he stresses that these tools will not eliminate the need for skilled personnel, sound governance, and continuous learning.

    The core idea is a shift in sequence: a system built to react will always answer the attacker’s question first. Changing that order, Inguva argues, is the work worth doing.