Bank Holidays September 2023: Banks to remain shut for 16 days in these states, check list here
Business | August 28, 2023 13:57 ISTIf you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems.
If you are planning to go to the bank this month, be sure to check your bank's holiday hours to avoid any problems.
In a notification, the RBI said in respect of EMI-based floating rate personal loans, in the wake of rising interest rates, several consumer grievances related to elongation of loan tenor and/or increase in EMI amount, without proper communication with and/or consent of borrowers have been received.
Employer branding can make or break a startup. While established businesses have years of reputation to bank on, startups are blank slates.
There are eight state-specific holidays in August, these incorporate Tendong Lho Rum Faat, Parsi New Year, Onam, Raksha Bandhan, etc.
From August 1, 2023, various changes linked to GST, payments system, bank transactions will come into effect that will directly impact the common man.
In a circular, the Reserve Bank's subsidiary said deposit insurance plays an important role in protecting especially the small depositors, instill confidence in the banking system and maintain financial stability.
The valuation of HDFC Bank surged Rs 32,600.19 crore to Rs 9,51,584.36 crore, the most among the top 10 firms.
The Bombay High Court on Monday granted an interim stay on the Reserve Bank of India's master circulars' effect which allowed the banks to declare any account as a fraud account without conducting a hearing.
Rs 2000 No ID proof forms required exchanging notes SBI branches bank RBI Rs 20,000-limit
Americans can 'have confidence' US banking is safe after failures and fears of global ripple effects, US President Joe Biden said.
According to a report, officials in India have advised banks, and traders to avoid using yuan, however, the settlements in the United Arab Emirates dirhams would be okay.
Signature Bank had $88.59 billion in deposits as of December 31, 2022 and the New York Department of Financial Services has taken possession of the bank.
Recurring deposits are similar to fixed deposits in that they have a maturity date at which the principal is refunded and you may decide whether to receive interest payments in instalments or all at once.
Banks have recently raised interest rates on fixed deposits for both regular depositors and senior citizens.
RBI increased the Repo Rate by 25 basis points on February 8, prompting many banks to raise interest rates on personal, car, and home loans.
Indian banks have a lowest average score in money management capabilities. In fact, no bank scored higher than 60 in this area of mobile banking, according to the latest Q3 2022 report by global research firm Forrester.
Business news: As per data, Canara Bank will raise Rs 2,000 crore, which includes Rs 1,000 crore via Basel-III Tier-II bonds, Kotak Mahindra prime Ltd will raise Rs 300 crore and Rs 175 crore via 35-month-25-day and 47-month-25-day, respectively.
"In the process of coming up with digital products and services, new channels, and new payment methods, businesses might be overestimating the adequacy of their current defense mechanisms against fraud," said Michael Araneta, Associate Vice President, IDC Financial Insights.
The restrictions imposed on the three banks under the Banking Regulation Act, 1949 the Reserve Bank would remain in force for six months and are subject to review.
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance. Read ahead to know what is open, what is closed today and tomorrow amid the bandh.
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