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MUMBAI: Loans against gold jewellery have become the unlikely star of retail credit with outstanding balances in this category surging 128.5% year-on-year to Rs 3.38 lakh crore in Oct 2025 and 63.6% since March 2025. Gold loans now account for nearly a fourth of the addition to the bank’s personal loan book in the last…
With schools and several government offices in Delhi and Uttar Pradesh observing a holiday today to mark the 350th martyrdom anniversary of Guru Tegh Bahadur, many people are unsure whether banks are also shut.The confusion stems from the fact that November 25 has been declared a public holiday for government institutions in both states. Are…
Customers planning to visit their bank branches today will need to reschedule their work, as physical branches across the country are closed on Saturday, November 22, 2025. Banks in India remain open on the first, third and fifth Saturdays of each month, but the second and fourth Saturdays are uniformly observed as holidays. Since today…
CHAMPIONS OF CONTINUITY: Ashok Vaswani Uday Kotak Kotak Mahindra Bank’s MD & CEO (L) with founder ‘Over 40 Yrs, Capital Discipline Has Shaped Us… Two Years After I Stepped Down, The Institution Has Managed The Transition & Is Thriving With Leaders Like Ashok Vaswani’Two years after stepping down as Kotak Mahindra Bank’s CEO, Uday Kotak…
Will banks remain open today or closed today?Many banking customers are unsure about operations today because 15 November falls on a Saturday, which is commonly assumed to be a bank holiday. The confusion left a large number of people wondering if they should complete their banking work over the weekend or postpone it to a…
MUMBAI: The bad loan business showed faint but firm signs of recovery in September 2025, as the portfolio of asset reconstruction companies (ARCs) turned positive after two quarters of contraction. The rebound came despite rating agencies predicting a continued shrinkage in the sector, with banks accelerating sales of retail stressed assets to clean up their…
Union home minister Amit Shah NEW DELHI: Home and cooperation minister Amit Shah Monday launched ‘Sahkar Digi-Pay’ and ‘Sahkar Digi-Loan’ Apps – a digital platform enabling quick, paperless, and transparent access to loans and credit for cooperative members across India – at International Conference on Urban Cooperative Credit Sector, and said efforts should be made…
Washington’s economy is facing deepening distress as the longest-ever US government shutdown, mass layoffs of federal workers, and cuts to food assistance converge to hit households and small businesses across the capital region, AP reported.The Capital Area Food Bank, which supports more than 400 pantries and aid organisations across the District of Columbia, northern Virginia,…
Washington’s economy is facing deepening distress as the longest-ever US government shutdown, mass layoffs of federal workers, and cuts to food assistance converge to hit households and small businesses across the capital region, AP reported.The Capital Area Food Bank, which supports more than 400 pantries and aid organisations across the District of Columbia, northern Virginia,…
RBI Governor Sanjay Malhotra addresses the 12th SBI Banking Economics Conclave, in Mumbai on Friday. (ANI) MUMBAI: Indian banks are now much bigger and stronger than they were a decade ago and the economy more resilient, which has emboldened the RBI to remove various restrictions, allowing banks greater exposure to capital market risks and to…
