Banks News
Bank holiday today: Are banks closed for Ganesh Chaturthi on September 7?
Bank Holiday today: All banks in India will be closed for at least 14 days in September 2024, including weekend holidays for second and fourth Saturdays and the Sundays, besides religious and regional festivals.
2 min read7 Sep 2024Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
INDIA-BANKS-DEALS:Analysis-Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
4 min read29 Aug 2024Unmasking the loopholes: How bank employees sell mutual funds without certification
Despite Amfi regulations, some bank employees bypass EUIN requirements, raising concerns about mutual fund sales integrity.Sales pressure and incentive gaps lead employees to prioritize practices that may risk customer protection.
2 min read28 Aug 2024Charles Schwab wants to fix its struggling bank. Investors are skeptical.
Roughly half of the brokerage’s revenue comes from banking.
4 min read21 Aug 2024Axis Securities reveals top 5 bank and NBFC stocks after Q4 results: ICICI, SBI, Nippon Life & more
Axis Securities identified ICICI Bank, SBI, and Federal Bank as top picks in banking, and CIFC and Nippon Life in NBFCs, due to healthy growth and margin stability despite Q1FY25 challenges.
7 min read20 Aug 2024Analysis: Asia central banks in focus as stage set for more rate cuts
Central bank decisions by South Korea, Indonesia and Thailand are in focus after the Philippines took the leap and became one of the few central banks in Asia to cut ahead of the Federal Reserve. Now, economists are wondering who will be the next.
4 min read19 Aug 2024Shaktikanta Das has to rely on persuading lenders in war for deposits about three decades after freeing rates
Before RBI decided to give banks the freedom to set their fixed deposit rates in October 1997, the regulator used to prescribe rates and the maturities on deposits that banks were allowed to offer.
4 min read17 Aug 2024Banks Clawed Back $150 Billion of Losses in Six Weeks, Mayo Says
US banks erased $150 billion of unrealized losses since the start of the third quarter and have shrunk them by nearly half since 2022, offering a “silver lining” for the industry as economic growth slows, according to Wells Fargo & Co. analyst Mike Mayo.
1 min read14 Aug 2024The five state banks that won a 2-year extension from Sebi might need more time
These banks may need three more years to meet Sebi’s public shareholding mandate.The banks plans to use qualified institutional placements of shares to reduce the government’s stake in them, but in phases.
3 min read10 Aug 2024Yes Bank Stock Check: Up over 40% in last one year, should you buy now? Technical and fundamental experts answer
Despite recent volatility, market experts are keenly assessing whether its bullish trend will continue. Below, we explore technical and fundamental analysis from leading experts to provide a comprehensive outlook on Yes Bank’s stock performance.
6 min read8 Aug 2024Popular Topics
Budget
The 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