Public Sector Banks
Bank holidays this week: SBI, HDFC, ICICI, PNB closed for upto 3 days between 7 - 13 Sep; check RBI holiday calendar
Bank holidays this week: SBI, HDFC, ICICI, PNB and other banks will remain open for upto 4 to 5 days this week. Check RBI calendar for full holiday list.
2 min read6 Sep 2026Bank strike: Unions call nationwide shutdown over 2 key demands — 5-day work week, PLI scheme rollback; check dates here
Bank unions condemned the Finance Ministry's revised PLI scheme for being discriminatory towards lower-ranked employees. They are advocating for equitable incentive structures and a five-day work week.
2 min read24 Aug 2026Centre asks PSBs, IBA to standardise contract-farming loans in 6-12 months
The government seeks to improve value capture across the agricultural value chain and help farmers retain a larger share of the final consumer price.
3 min read20 Aug 2026Bank holiday today: Check if SBI, HDFC, ICICI are open or closed on Saturday, August 1 — RBI calendar here
All private and public-sector banks in India will remain open today, August 1, as it is the first Saturday of the month. Check the date for next bank holiday.
2 min read1 Aug 2026Private banks collect ₹4,949 crore in minimum balance penalties in FY26, more than double of PSBs
Data shows private lenders collected ₹4,948.71 crore in minimum balance penalties, while most public sector banks have scrapped such charges on savings accounts.
2 min read28 Jul 2026Why India’s state-owned banks are rushing to sell bad loans
Industry data gathered by the Association of ARCs in India showed that of the ₹60,000 crore put up for sale in Q1, ₹50,000 crore originated from state-run banks. While private sector banks put up ₹8,000 crore of bad debt for sale, the remaining ₹2,000 crore came from non-banks and mortgage lenders.
3 min read28 Jul 2026Finance ministry pushes for quarterly labour dialogue across public sector banks to counter rising workplace tensions
The finance ministry directs all public sector banks to conduct quarterly meetings with employee unions to improve dialogue and resolve workplace issues, amidst rising employee stress. However, major unions oppose the directive, fearing it may lead to disputes regarding union recognition.
4 min read16 Jul 2026RBI approves appointment of Rajiv Kumar as part-time chairman of HDFC Bank
HDFC Bank announced the RBI's approval of Rajiv Kumar as part-time chairman for three years, starting July 15, 2026. Kumar, a former Chief Election Commissioner, played a vital role in banking reforms and ensuring accountability in financial practices during his previous tenure.
1 min read15 Jul 2026Bank holiday next week: SBI, HDFC, others closed for 4 days between 13 to 19 July; check here
Private and public banks in India will be closed for four days from July 13 to 19, 2026, due to various holidays. Customers should check the RBI's holiday calendar and can still access online banking services during this period.
2 min read12 Jul 2026Nationalization is making a comeback in economic policymaking—here's why
Recent policy considerations across France, the UK and even the US indicate a new pattern emerging that smells a lot like nationalization. With economic uncertainty having upturned old norms, countries seem to be favouring nation-first industrial strategies.
4 min read5 Jul 2026Wait for it…
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