According to reports, promoters of companies, under insolvency proceedings, are expected to settle their pending dues with banks, fearing loss of their personal assets.
The BSE Sensex recorded a substantial decline of over 450 points, while the NSE Nifty dipped below the 19,400 mark.
Eid-e-Milad commemorates Prophet Muhammad’s birth anniversary. Muslims who follow the Sufi or Barelvi school of thought observe the feast in Rabi’ al-awwal, the third month of the Islamic calendar.
Bank Holidays in October 2023: 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.
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.
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