Banking Industry News

Industry

Bank Holidays this week: All banks will remain closed four days in a row from today. Check details here

Bank Holidays in May 2024: Online banking services will continue as usual during the non-working days and you can use banks’ websites, mobile apps or ATMs to conduct urgent transactions.

2 min read07:26 AM IST
Industry

Despite new RBI rules, no small finance bank will apply for a universal banking licence anytime soon

Ten of India’s 11 small finance banks don’t meet all the RBI’s criteria. AU Small Finance Bank, the only one that does, is in the midst of a merger that could take 9-12 months to complete.

3 min read28 Apr 2024
Industry

Bank Holidays in May 2024: Banks will remain closed on THESE 10 days. Check all details here

List of Bank Holidays in April 2024: All banks, including the State Bank of India, will be closed for a total of around 10 days in May 2024 for religious festivals and weekend holidays.

2 min read28 Apr 2024
News

RBI sets standards for SFBs eyeing universal bank licence

The guidelines come amid heightened activity by SFBs to explore opportunities for expansion and diversification after completing five years of operation.

1 min read26 Apr 2024
Economy

Main street banking model is being squeezed

First-quarter results at regional banks show the uneven toll of higher interest rates.

3 min read24 Apr 2024
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Industry

Bank Holiday Today: Are banks closed today on April 23 for Hanuman Jayanti? Check details here

Bank holiday today April 23, 2024: 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 read23 Apr 2024
Companies

UBS’s Swiss rivals hope Credit Suisse hires will win wealthy clients

Analysts say there could be room for both UBS and its smaller rivals to grow.

3 min read22 Apr 2024
From:
Economy

Banks believe they are well-prepared for commercial real estate fallout

Banks have built up substantial reserves against office loans going bad.

3 min read19 Apr 2024
From:
Industry

ANZ ploughed capital into India in last two years. It is ready to do so again.

According to group executive Mark Whelan, India is the only market where ANZ has increased capital over the last two years. Further capital addition will be determined by how quickly it can sign up new customers

3 min read17 Apr 2024
Industry

Are banks closed today on April 13 for weekend? Check details here

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 2024
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