Tag: banks

A security guard wearing a protective mask sits at the entrance of an Indian Bank branch at Connaught Place. (Prashanth Vishwanathan/Bloomberg)
Posted in Business

Are banks open today on Saturday, August 31? Check details

Aug 31, 2024 10:56 AM IST Will banks in India remain open on August 31, as it is the fifth Saturday of the month? Banks…

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Bank holidays also varies from state to state since several places in India celebrate their own regional festivals (Pradeep Gaur/Mint/Representational Image)
Posted in Business

All bank holidays for September 2024: Banks to be closed for 15 days, see full list

Banks will be closed for a total of 15 days in September 2024. This is inclusive of all Sundays along with second and fourth Saturdays….

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Is there a nationwide bank strike today? Check if banks are open or closed today, August 28?
Posted in Finance

Is there a nationwide bank strike today? Check if banks are open or closed today, August 28?

On August 19, 2024, the All India Bank Employees Association (AIBEA) had called for a nationwide strike today, August 28, which could impact banking services…

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Bank Holiday today: Banks in several Indian cities will shut on August 26 for Janmashtami, with exceptions in Mumbai and New Delhi. Online and ATM services will still be available.
Posted in Business

Janmashtami 2024: Banks to remain closed in these states today. Check full list

Aug 26, 2024 07:45 AM IST Bank Holiday today: Banks in cities like Lucknow, Ahmedabad, and Jaipur will be closed today for Janmashtami. Most banks…

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All types of loans, including home loans can potentially get costlier since the MCLR has now been hiked. (Pradeep Gaur/Mint)
Posted in Business

Will home loans get costlier? SBI hikes lending rates by 10 bps: Check current home loan interest rates

Aug 15, 2024 05:54 PM IST Home loans can potentially get costlier since SBI’s three-year tenor MCLR is now 9.10%, from 9% earlier and overnight…

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The Banking Regulation Act currently allows just one nominee for every single or joint deposit holders (Representational Image/Pixabay)
Posted in Business

Newly proposed nomination rule for bank lockers and deposits, check details

Finance Minister Nirmala Sitharaman has introduced the Banking Laws (Amendment) Bill, 2024, which includes a new proposal, allowing an increase in the allowed number of…

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Union Finance Minister Nirmala Sitharaman addresses the Central Board of Directors of the Reserve Bank of India in the customary post-Budget meeting, in New Delhi on Saturday. RBI Governor Shaktikanta Das also seen. (Shrikant Singh/ANI)
Posted in Business

Banks should focus on increasing deposits as public increasingly shifts to alternate investments: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Saturday exhorted banks to focus on their core business and explore new ways to attract deposits, as household savings are…

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China, one of Asia’s biggest consumer of gold besides India, seems to be turning its back to the yellow metal (HT)
Posted in Business

China’s gold jewellery demand falls as international gold prices rise as global central banks buy gold

Jul 29, 2024 10:44 PM IST Hong Kong jeweller Chow Tai Fook reported a 20% year-on-year decline in sales and a 26% fall in same…

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45-day payment rule: New fund will work with banks to help MSME units, says FM Sitharaman
Posted in Economy

45-day payment rule: New fund will work with banks to help MSME units, says FM Sitharaman

The union government is working on a new fund which would work with banks to see that MSME units would continue to receive support if…

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Banks will consider consumption or spending patterns of individuals while making their credit assessment (iStock/Hindustan Times Archive)
Posted in Business

Banks may soon use details from your digital footprint to give home loans, here’s how

Jul 27, 2024 12:47 PM IST Banks are working on a new framework to give home loans using a person’s spending patterns, mirroring the policy…

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