Banking

Banks will be closed on Feb. 28 as it is the fourth Saturday of the month.

The directions will be applicable to OTC derivative transactions entered into on or after the date the directions come into effect.

Between FY23 and FY25, credit to the government boosted deposits as bank lending or bond purchases led to higher spending. Now, this support has diminished, contributing to lower deposit growth.

Customers can continue to access essential services on bank holidays, including UPI payments and ATM cash withdrawals.

Federal Bank has issued over 27 crore warrants via a preferential allotment to Blackstone'sSingapore-based affiliate for Rs 227 apiece.

Even on bank holidays, customers will still be able to use essential services, including UPI transactions and cash withdrawals at ATMs.

In late October, the RBI first came out with a draft, allowing banks to fund acquisitions, an activity prohibited till recently.

At present, there are five listed REITs in India - Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust.

Banks across India will remain closed on Feb. 14, as it is the second Saturday of the month.

The Bank of Baroda IT department has released a list of 418 open positions for officers, managers, and senior managers. Online applications and fee payments must be made by February 19.

The ICICI Group holds 4.07% stake in India's largest lender by revenue.

Foreign holding in State Bank of India stood at 11.07% at end of March 2025, the highest in state-owned banks.

Moody's believes that the banking sectors' NIMs is set to improve amid cooling deposit costs.

Banks which reported more than 20% improvement in profit aside from SBI are Bank of Maharashtra with 27% increase and Canara Bank with 26% rise in their profits

SBI Chairman CS Setty says the positive environment created by recent trade deals and the Union Budget will support the economy and boost credit demand.

The watchdog also seeks to add more officers to its supervision division, with hiring skewed toward specialists in cybersecurity controls as digital risks multiply across the banking system, according to the people. The overhaul is still under consideration and details could evolve, they said. The Reserve Bank of India did not reply to a Bloomberg email seeking commen...

A higher foreign limit could potentially drive up operational efficiency in public sector banks.

Q3 Results Today LIVE Updates: Catch all the live updates, earnings numbers and developments from companies reporting Q3FY26 results here through the day.

On Republic Day, people take part in flag hoisting ceremonies, cultural programmes and community events and remember India’s constitutional values.

According to the unions, the demand for a five-day work week dates back to 2015, when only the second and fourth Saturdays were declared holidays.