[ad_1] Bank Holidays in August 2024: This being the last week of July, we take a look at the holiday list in the upcoming month. Here is a list of bank holidays you can expect in August 2024. Apart from festivals and national holidays, the year will also have a total of two Saturdays and…
[ad_1] A Supreme Court judgment in a real estate debt resolution case that gave state agencies the rights of a bank over the assets of a troubled real estate company has thrown bankruptcy resolution experts in a tizzy. Experts said the court ruling runs against the Insolvency and Bankrupcy Code (IBC), which says secured creditors—or…
[ad_1] Bank Holiday on July 20: Today, July 20 is a Saturday, but is it a bank holiday? The answer is, no. All national and private banks in India, including the largest public sector lender, the State Bank of India (SBI), remain closed on the second and fourth Saturdays and all Sundays each month, besides…
[ad_1] Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over…
[ad_1] The National Payments Corporation of India’s (NPCI) ‘Pre-sanctioned Credit Line at Banks through UPI (Unified Payments Interface)’ would work more like a credit card without the plastic card actually in place. The credit line allows individuals and businesses to access pre-sanctioned credit lines or loans from banks that are linked to their UPI accounts….
