Bank holiday today April 24: There are a total of 12 days of bank closures in April 2024. The month has seen a lot of back-to-back non-working days for all banks in India due to religious festivals and the weekend holidays.
2 min read13 Apr 2024Bank Holidays in April 2024: There are a total of 12 days of bank closures in April 2024. This week will see five non-working days for all banks in India due to religious festivals and the weekend holidays.
2 min read8 Apr 2024Among our coverage universe, we expect PSU banks to report better earnings growth than private ones, led by lower credit cost. We expect earnings discussions to be dominated by NIM and growth outcome, says Elara Capital
2 min read6 Apr 2024RBI 90 Years: PM Narendra Modi commended the decade-long efforts of his government and the RBI, noting the profitability of the banking sector and the credit growth. He credited the central bank for its significant contribution to these achievements.
2 min read1 Apr 2024Bank Holiday on April 01: There are a total of 12 days of bank closures in April 2024, including national holidays, every second and fourth Saturday and each Sunday.
3 min read1 Apr 2024Private banks like HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and IDFC First Bank are in a branch expansion mode and have identified their niche focus areas to mobilize retail deposits, but PSU Bank, except the likes of SBI and Bank of Baroda, still lag and could, thus, suffer in the long run.
2 min read22 Mar 2024The warnings come after the RBI's recent Cyber Security and Information Technology Examination, which also provided action points for banks to address identified vulnerabilities.
2 min read18 Mar 2024The Indian banking sector is facing a crisis, with 13 banks shutting down in recent years. This has raised concerns about the safety of your money. In this video, we will answer: Why Are Banks Suddenly Failing?, Why are banks failing?, U.S. Banks Keep Failing, Why Do Indian Banks Keep Failing?, Why are Indian Banks Failing?, The Secret Money Saving Rule, how to save money in banks, DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION, DICGC Insurance Coverage on Bank Account & Bank Deposit 5 Lakhs, What Is DICGC, Deposit Insurance and Credit Guarantee Corporation, Bank Security, Banking. Your money is insured up to ₹5 lakhs per depositor per bank, thanks to the Deposit Insurance and Credit Guarantee Corporation (DICGC). However, it's important to be aware of the types of deposits covered by DICGC and to diversify your deposits across multiple banks to reduce risks. So, choose your bank wisely and stay vigilant! Subscribe to Mint for more informative videos on personal finance and economics!
4 Sep 2023The Reserve Bank of India Governor Shaktikanta Das announced the third bi-monthly monetary policy for FY24 today. RBI MPC which has six members was held over three days between August 8th & 10th. The RBI kept the repo rate unchanged at 6.5% today. And retained the GDP growth rate of 6.5% for FY 24. Watch.
10 Aug 2023Net banking has eased life, unlike any other banking service. This digital method of tracking and securing online transactions has ensured relief from going to banks physically to seek necessary services.
2 min read26 Apr 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared