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Gold loans have become a go-to option for anyone needing quick funds during financial challenges and uncertainties.Whether it’s paying for education, expanding a business, covering personal or medical costs, renovating a home, gold loans offer a convenient solution. With minimal paperwork and speedy access to cash, they are an attractive option, however, many people still…
Karva Chauth, which falls just days before Diwali, will be celebrated on October 10 this year. Many are wondering if banks will observe a holiday on this day.With a host of festivals in October, it is advisable to check the bank holiday schedule in advance to plan any banking activities smoothly. The RBI’s pre-released holiday…
In a major turn of events, some airlines have tightened rules around portable power banks but the most noteworthy announcement came from Emirates. The airline in an official announcement has banned the use of power banks on board its flights from 1 October, 2025. However, flyers can still carry a limited, well-labelled power bank in…
Mumbai: RBI has unveiled draft norms to improve banks’ management of credit risk and classification of bad loans. The changes are expected to ease capital requirements for segments like MSMEs, real estate and credit cards. The new proposal also shifts banks from recognising default losses after they occur to an ‘expected credit loss’ framework, requiring…
Data from the World Gold Council revealed that global central banks made net additions of 15 tonnes to their gold reserves in August. (AI image) Gold prices are hitting new lifetime highs every week, but the rally is not deterring central banks around the world from stacking up gold to diversify foreign exchange reserves away…
Banks in many parts of the country are closed today, October 7, on the occasion of Maharshi Valmiki Jayanti and Kumar Purnima. Banks across India follow holidays set by the Reserve Bank of India (RBI), which include national and regional holidays, as well as Sundays. Here is a list of states and UTs where banks…
NEW DELHI: In the high-stakes showdown for Bihar assembly polls, NDA, helmed by BJP and CM Nitish Kumar’s JDU, is expecting a resounding endorsement of its “double engine” governance, claiming to have lifted the state from ‘Jungle Raj’ quagmire to the cusp of ‘Viksit Bihar’. Home minister Amit Shah said on Monday that NDA government…
October is shaping up to be one of the busiest festive months of 2025, with major celebrations such as Diwali and Chhath Puja lined up across India. As a result, banks will remain closed on several days this month, as per the Reserve Bank of India (RBI) holiday calendar.According to the RBI calendar, several public…
MUMBAI: RBI has released a draft circular revising its framework for lending to related parties, a move expected to significantly improve ease of doing business in the financial sector. By introducing scale-based materiality thresholds, the draft ensures that only sizeable loans to related parties require board or committee approval, replacing earlier blanket restrictions that often…
MUMBAI: After sliding for eight consecutive sessions, the sensex on Wednesday rallied 716 points or 0.9% to close at 80,983 points even as RBI maintained status quo on interest rates. After a slow start to the session, the index gained pace in the late session, and banks led the gainers.Bank stocks rallied as the central…
