Banking System
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What happens if jewellery gets stolen from bank locker? Know your rights and compensation options
Personal Finance | Feb 18, 2026, 08:13 PM ISTIf jewellery or valuables are stolen from a bank locker, customers can file a written complaint, lodge an FIR and claim compensation if negligence is proven. RBI guidelines require banks to pay up to 100 times the annual locker rent in such cases.
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Bank holidays: A complete state-wise list of bank holidays in February 2025 | Check here
Business | Jan 27, 2025, 07:08 AM ISTBank holidays: Banks in India remain closed on the second and fourth Saturdays of every month. Apart from this, banks are also closed on national holidays, public holidays, and regional holidays (which differ from state to state).
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Important notice for Axis Bank and HDFC Bank's customers: Online banking services to be disrupted
Business | Jul 12, 2024, 04:37 PM ISTHDFC Bank and Axis Bank will experience online and mobile banking service disruptions this weekend due to system upgrades. HDFC Bank’s UPI services will be down on July 13, 2024, from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM.
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Rs 2000 banknotes: 97.82 per cent returned, Rs 7,755 crore still with public: RBI
Business | Jun 03, 2024, 07:48 PM ISTThe RBI reported that 97.82% of Rs 2000 banknotes have returned, with only Rs 7,755 crore still with the public. Withdrawal was announced on May 19, 2023, with significant reduction in circulation since.
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SBI hikes fixed deposit interest rates up to 75 basis points, list of new rates released | Check
Business | May 16, 2024, 10:59 AM ISTThe new rates on deposits less than Rs 2 crore are effective from May 15, 2024. Senior citizens would be eligible for an additional 50 basis points on the revised rates as per the norms.
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SIP inflows hit all-time high in March leading to acute evolution in nation's financial ecosystem
Business | Apr 10, 2024, 09:35 PM ISTThe significant surge in investments highlights a fundamental change where Indians are moving away from being primarily savers to becoming investors, indicating a notable transformation in the financial landscape of the country.
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Pro-Ukrainian hackers claim to have crippled Russia’s entire banking system: Reports
World | Jun 09, 2023, 04:22 PM ISTNotably, Infotel is responsible for communication between the Central Bank of Russia and other legal entities such as banks, online stores, credit institutions, etc.
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Banks to spend additional $31 billion on 'artificial intelligence' to reduce frauds
Business | Aug 07, 2022, 12:52 PM IST"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.
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Budget 2022: All 1.5 lakh post offices in India to be connected to core banking system
Business | Feb 01, 2022, 12:13 PM ISTCurrently, post offices provide savings account services and payments bank services through the India Post Payments Bank.
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Banking services affected due to nationwide trade union strike
Business | Jan 08, 2020, 12:13 PM ISTBanking services were impacted on Wednesday as employees went on a nationwide strike called by 10 central trade unions to protest against the government's "anti-people" policies.
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Banks hit by NPAs, scams need to overcome problems fast to lend large credit: Former RBI governor
Business | Mar 07, 2018, 01:11 PM IST"I think that through recapitalisation and other measures, we really need to ensure that the banking system gets strong enough to be able to begin the process of lending."
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Reviving private investment, improving banking systems two major challenges: Arun Jaitley
Business | Sep 22, 2017, 07:57 PM ISTThe Indian economy has the resilience and entrepreneurial vision, he said while exuding confidence that there is a will in the government to carry out reforms.
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RBI Governor Urjit Patel bats for public sector banks' merger, says it could help banking system
Apr 25, 2017, 09:12 PM ISTRBI Governor Urjit Patel has said the Indian banking system could be better off if some public sector banks are consolidated to have fewer but healthier entities.
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Outlook for India's banking system remains negative: Moody's
Dec 04, 2012, 11:33 AM ISTNew Delhi, Dec 4: Moody's said its outlook on the Indian banking system over the next 12 months to 18 months remains negative due to a challenging operating environment which is likely to pressure banks'
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RBI to set up committee to look into fixed rate loan products
Apr 30, 2012, 04:50 PM ISTMumbai, Apr 30: The Reserve Bank of India (RBI) is planning to set up a committee to look into the issue of facilitating the development of fixed rate loan products in the banking system, RBI