[ad_1] His trusted partner, Charlie Munger, echoed the views, too, over the years. “It’s hard to run a bank intelligently,” Munger told an interviewer once. “There’s a lot of temptation to do dumb things which will make the earnings next quarter go up, but are bad for the long term.” For a duo as unimpressed…
[ad_1] New Delhi: Finance Minister Nirmala Sitharaman has instructed Indian banks to bolster their operational and cybersecurity preparedness, especially in border regions, as tensions with Pakistan escalate. During a Friday meeting with financial sector leaders, she stressed the need for uninterrupted services and prioritized the safety of bank staff and their families. Senior officials from…
[ad_1] SBI Dividend: India’s largest public sector bank, the State Bank of India, on Saturday, May 3, 2025, announced a dividend issue for its financial year ended 2024-25, according to an exchange filing. The institutional lender declared a ₹15.90 per equity share with the face value of Re 1 apiece. Also Read | SBI Q4…
[ad_1] HDFC Bank’s net interest margin (NIM) for the quarter ending March (Q4FY25) has expanded 2-3 basis points (bps) sequentially and year-on-year to 3.46% after excluding the interest income on income tax refund worth ₹700 crore. While this is praiseworthy, it will be interesting to see how the bank deals with the Reserve Bank of…
[ad_1] In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most nations (excluding…
[ad_1] Banks are on the quest to get the authority from the RBI to freeze accounts that are used in channelling illicit transactions. Banks can freeze or block accounts based on internal triggers. However, as per provisions of the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block…
[ad_1] Bank holiday tomorrow: All banks, including private and public sector banks, will remain closed on Thursday, April 10, 2025, on the account of Mahavir Jayanti or Mahavir Janmakalyanak, as per the Reserve Bank of India (RBI) calendar. The RBI categorises bank holidays under the Negotiable Instruments Act into three types: Real-Time Gross Settlement (RTGS)…
[ad_1] Focus on “short-termism” at the leadership level is a worrisome trend in the financial services sector, according to Uday Kotak, founder and non-executive director, Kotak Mahindra Bank. “What I’m beginning to find in the banking sector is much more short-termism. But what the banking sector truly requires is a mindset of continuity and perpetuity,…
[ad_1] Holi 2025 bank holiday: Public and private banks in India are closed on account of Holi 2025 and the upcoming weekend from March 13 to 16 in some parts of the country, according to the Reserve Bank of India’s holiday list. So, yes, banks are closed across India on March 14, for the festival…
[ad_1] India’s central bank, the Reserve Bank of India (RBI), superseded the Maharashtra-based New India Co-operative Bank for the upcoming 12 months on Friday, February 14, after flagging concerns over poor governance standards and irregularities in its core lending operations. A former general manager of the bank, Hitesh Pravinchand Mehta, was allegedly involved in siphoning…
