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Banks News

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New Banking Rule: Second OTP Mandatory Before Money Gets Debited

Amidst the increasing cases of cyber fraud and digital arrest in the country, major changes have started in the banking system for the safety of senior citizens....
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Bank Strike: Bank unions announce strike on January 27, which branches will remain closed across India?

Several unions affiliated with the United Forum of Bank Unions (UFBU) have announced a strike on January 27 demanding a five-day work week and two days of weekly holidays. ...
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Saturday Bank Holiday Alert: Will Banks Be Open or Closed Today?

Today, September 27th, is Saturday, the fourth Saturday of the month. According to RBI regulations, all banks across the country are closed on the second and fourth Saturdays of the month....
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Nationwide Strike: 250 Million Workers Set to Disrupt Banking, Transport, and Key Sectors Across India

India is bracing for one of the largest labor strikes in recent history as an estimated 25 crore (250 million) workers prepare to join a nationwide industrial action on Wednesday. ...
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RBI's Upcoming Monetary Policy Meeting: Expect a Rate Cut

The Reserve Bank of India (RBI) is set to announce its monetary policy review on April 9, 2025, and experts predict a 0.25% reduction in the repo rate, bringing it down to 6.00%. This move is expected to boost economic growth and provide relief to borrowers....
Bank Strike

Will banks open today? Here's everything you need to know on Nationwide Union Strike

United Forum of Bank Unions (UFBU), an umbrella body of 9 bank staff association, which had issued a call for two-day all India strike call from March...
Shaktikant Das, RBI Governor

Now from days to hours, RBI announces faster cheque clearance

Traditionally, cheque clearance has taken anywhere from two to five days, often causing delays in financial planning and transactions. The new system ...
Privatisation in PSBs in budget 2024

Potential privatization of banks likely in upcoming Union Budget 2024

The Indian government may propose reducing its stake in public sector banks (PSBs) below 51% through amendments to banking laws. This follows previous...
Bank, LIC open on March 30, 31

Banks, LIC, tax department open on March 30, March 31; Know reason?

Banks, LIC, tax departments have declared March 31 as a working day to facilitate timely financial transactions and tax obligations. ...
Gold prices

Finance Ministry in action! Asks public sector banks to reassess gold loan process

The order from the Ministry of Finance has come amid debt risk concerns as gold prices surge....
Bharat Bandh today

Farmers' Protest: Will banks, offices, schools remain closed on Bharat bandh? Know details

Workers and farmers have called for a sectoral industrial strike and Grameen Bharat Bandh on February 16, with protests taking place from 6 AM to 4 PM...
List of Top 7 Banks in India 2023

Indian Banks Thriving: Over Rs 15,000 crore reclaimed by PSBs post ED action, affirms Sitharaman

Indian PSBs: Sitharaman disclosed that by March 31 of the current year, banks had successfully recovered Rs 33,801 crore from wilful defaulters. ...
Bank Holidays

Banks to stay shut for 6 consecutive days from today; Check Bank Holidays across states here

Bank Holidays: Commencing from today until November 15, banks in certain states will be closed for a total of six consecutive days....

RBI: Banks to return property papers to borrowers within 30 days of repayment

The Reserve Bank of India (RBI) issued a notification on Wednesday, directing banks and financial institutions to release all original movable or i...

India to be world’s second-largest economy by 2075: Goldman Sachs

In the latest study by Goldman Sachs, India is all set to become the world’s second-largest economy by 2075 as it is expected that the GDP of Ind...

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