Banks
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Fact Check: Will banks work only five days a week from April? Know truth
Fact Check | March 23, 2025 7:24 ISTFact Check: Social media users are claiming that banks across the country will function only five days a week starting from April 2025. Let's find out the truth of the viral claim.
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RBI imposes over Rs 60 lakh penalty on these two banks: Check names and reason
Business | February 14, 2025 19:47 ISTThe penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the lenders with their customers, according to three separate statements issued by RBI.
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India bolsters rupee trade: RBI gives nod for 156 vostro accounts with 26 banks for partner nations
Business | February 07, 2025 17:32 ISTA Special Rupee Vostro Account (SRVA) is a banking arrangement that allows foreign banks to hold Indian rupees in an account with an Indian bank for the purpose of settling international trade transactions.
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98.12 per cent of Rs 2000 notes returned to banks, Rs 6,691 crore still in public: RBI update
January 01, 2025 18:50 ISTThe Reserve Bank of India (RBI) has reported that 98.12 per cent of Rs 2000 notes in circulation as of May 19, 2023, have been returned to the banking system following the RBI’s withdrawal announcement.
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Bank holidays in January 2025: Banks to remain shut on these dates | Check full list
Business | December 29, 2024 18:01 ISTBank holidays in January 2025: As per the instructions of Reserve Bank of India, banks will remain closed on all public holidays and some regional holidays depending on the particular state. Regional holidays are decided by the state government.
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What happens if your bank collapses in India: Rules for savings accounts and FDs
Business | December 21, 2024 18:47 ISTIn the event of a bank collapse in India, depositors are insured up to Rs 5 lakh by the DICGC, with the same protection rules applying to both big and small banks, though the liquidation process may vary.
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Bank holiday today: Are banks open on Saturday, December 21? Here’s what to know
December 21, 2024 8:40 ISTBanks remain closed on second and fourth Saturdays and Sundays as per RBI rules. However, today, December 21, a third Saturday, banks will remain open nationwide. Know about upcoming bank holidays in December 2024, tips for checking state-specific holidays, and options for completing financial task.
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How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps
December 18, 2024 13:10 ISTAre you struggling to get a personal loan due to eligibility criteria? Know how to improve your chances, explore alternative lenders, apply with a guarantor, or opt for secured loans to meet your financial needs.
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Fed up of doing KYC again and again? Get CKYC done once and for all | Know details
Business | December 15, 2024 11:53 ISTJust like Aadhar Card, anyone can get their CKYC card with a unique 14 digit number in it. This unique number would help in getting the KYC done without hassle of paperwork.
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Want to buy properties through bank auctions? Know the benefits and risks involved
December 09, 2024 19:09 ISTWhile these auctions often offer properties at discounted rates, they come with their own set of risks and challenges. Buyers need to be cautious and ensure they go through legal and financial complexities effectively.
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India should take pride in banking sector as banks are not dependent on govt funding: FM Sitharaman
Business | December 03, 2024 18:52 ISTFM Nirmala Sitharaman in Lok Sabha said the public sector banks are profitable as the total profit was Rs 85,520 crore in first half of current fiscal.
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RBI directs banks to urgently reduce inoperative accounts, report their numbers quarterly
Business | December 03, 2024 7:46 ISTIssuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free.
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Banking Law (Amendment) Bill 2024: What impact will it have on nominations in your bank account?
Explainers | December 02, 2024 18:56 ISTThe Banking Law (Amendment) Bill 2024 aims to streamline banking operations and align them with contemporary financial practices, reflecting the government’s commitment to improve bank governance and enhance investors' protection.
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Maharashtra Elections 2024: What’s open and closed on polling day | Check complete list
Maharashtra | November 20, 2024 7:33 ISTMaharashtra Elections 2024: On account of voting for state elections in Maharashtra on November 20, several services like banks will remain closed. Let's find out which services will be operational and which will be closed.
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Senior citizen fixed deposits: List of banks that offer best interest rate in November 2024
Business | November 18, 2024 17:08 ISTBanks and NBFCs are offering Senior Citizen Fixed Deposits exclusively for individuals aged 60 and above. These FDs offer higher interest rates than regular FDs, giving retired employees a reliable source of income and financial security during their golden years.
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FD interest rates: Top 7 banks offering highest returns on 3-year fixed deposits
November 09, 2024 19:35 ISTLooking for the best fixed deposit rates? This guide breaks down the top 7 banks in India offering the highest interest rates on 3-year FDs. See the latest rates from private and public sector banks, with enhanced returns for senior citizens.
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Diwali home loan festive offers: Major points to keep in mind before going ahead
Business | October 29, 2024 13:56 ISTThe banks and other lenders come up with festival special offers that include lower processing fees and reduced interest rates for home loan borrowers, however, experts suggest that consumers should stay vigilant about hidden terms and conditions, considering their long-term financial goals.
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Fixed Deposit rates likely to decline soon! List of banks offering maximum interest on FDs | Check
Business | October 14, 2024 23:18 ISTFixed Deposits (FDs) have consistently been a go-to investment for individuals who prioritise stability and low risk, as opposed to market-linked investments like mutual funds and stocks.
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Dussehra holidays: Banks closed for 4 consecutive days in THESE states | Check dates
Business | October 09, 2024 13:19 ISTDussehra holidays: Banks will remain closed during the Durga Puja and Dussehra festivities across India. But, the number of holidays will vary based on the states and their celebrations of the festivals. In some states, banks are closed for four days in a row.
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Banks crucial in driving India’s path to becoming a developed nation: Nirmala Sitharaman
Business | September 19, 2024 17:27 ISTFinance Minister Nirmala Sitharaman highlighted the crucial role of banks in India's vision for 2047. She called for enhanced infrastructure development, MSME support, financial inclusion, and digital security while praising the global success of UPI.
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