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October 2025 bank holidays: Banks to be closed on several days this festive season! Check state-wise holiday list

October 2025 bank holidays October 2025 bank holidays: Banks across the country will be closed for several days in October with the festive season beginning at the end of September. These holidays will be apart from the Sunday and second and fourth Saturday closures. Banks operate on first, third and fifth Saturdays, except when specified…

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Government shutdown: From banks to courts- What stays open and what closes if Senate fails to pass funding bills

The US is staring down a partial government shutdown as the clock ticks toward Tuesday’s midnight deadline, with President Donald Trump and Congress still deadlocked over a spending bill. If no deal is struck, hundreds of thousands of federal employees deemed nonessential will be furloughed — and this time, Trump is warning he may go…

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RBI’s new norms brings flexibility for borrowers and banks

MUMBAI: The Reserve Bank of India (RBI) has set about easing lending norms while tightening its financial oversight. Its latest rules promise cheaper and more flexible loans for borrowers, wider access to credit against gold, and easier capital-raising avenues for banks. Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting—measures…

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Bank holiday today: Are banks closed this weekend? Check state-wise list

Bank holiday today: Banks across India, including major lenders like the State Bank of India (SBI), will observe holidays this weekend as per the Reserve Bank of India (RBI) calendar. Regular RBI holidays include all Sundays, as well as the second and fourth Saturdays of each month.This week, bank closures will include:September 27–28 (Saturday-Sunday): Pan-India…

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Step up lending for public infra, MSMEs: FM Sitharaman to banks

PUNE: Finance minister Nirmala Sitharaman on Thursday called upon banks and financial institutions with strong balance sheets to step up lending for public infrastructure, industry and the MSME sector.Addressing the Foundation Day event of Bank of Maharashtra, Sitharaman highlighted the critical role of banks amid growing global uncertainty. “The global environment has become increasingly unpredictable….

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Trump’s H-1B visa fee hike to backfire? Wall Street banks set to rely more on Indian GCCs; may deepen presence in India

H-1B visas also see significant usage from financial and consulting organisations. (AI image) US President Donald Trump’s move to steeply hike the H-1B visa fees to $100,000 in a bid to create more jobs for Americans may actually end up backfiring! Major Wall Street banks are actually expected to increase their dependence on business support…

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Banking reforms: Cooperative banks get Aadhaar-enabled services under simplified UIDAI framework; boost for rural inclusion

A new Aadhaar-based framework has been rolled out for cooperative banks, paving the way for them to offer authentication and eKYC services that had long remained out of reach due to compliance and cost hurdles.Announcing the initiative at a workshop in New Delhi on Friday, Cooperation Ministry Secretary Ashish Kumar Bhutani said the move will…

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