[ad_1] Bank holidays this week, May 11-18: It looks customers across states in India will have to prepare for an extended weekend ahead due to Sunday weekend leave and the religious festival on Monday this week. On May 11 (today), banks in all states across India are closed for Sunday weekly off, and will continue…
[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] Amid ongoing conflict with Pakistan, Union Finance Minister Nirmala Sitharaman on Friday asked banks to remain fully alert to deal with any crisis, and noted that the country’s banking and financial system remains robust and resilient. Sitharaman made the remark during a high-level meeting with the managing directors and CEOs of public and private…
[ad_1] Mumbai: In a huge relief to the banking system, the Reserve Bank of India has allowed banks to set aside a lower stock of liquid assets against deposits raised through digital channels, in the event of a potential run on banks. In the final guidelines on liquidity coverage ratio (LCR) released on Monday, RBI…
[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 holidays today: Public and private banks across the country are closed today for Ramzan Eid (also known as Ramadan Eid or Id-ul-Fitr) and tomorrow for the yearly bank account closing day, in an extended holiday since Sunday (weekly off). Take a look at the details and bank holiday schedule for April 2025 here….
[ad_1] Bank holiday today: According to the Reserve Bank of India (RBI) calendar, all the banks across India will be open on Saturday, March 15, 2024. Banks are typically open on the first and third Saturdays of each month, while they remain closed on the second and fourth Saturdays. As March 15 is the third…
[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] Bank Holiday today: Today, February 8, is the day when the national capital’s assembly elections results will be declared. As such, many must be wondering if the banks in Delhi will be open or closed on February 8th for assembly elections? Further, today, is also a Saturday, so are banks open or closed across…
[ad_1] Indian banks and prominent financial institutions are facing margin pressure according to S&P Global Market Intelligence, as detailed in a report by ANI. The report further elaborated that loan growth in six of India’s biggest banks on an aggregate basis is expected to decline to 12.3% in the fiscal year closing March 31, 2025….
