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Bank holiday today: Some parts of India are observing Ramzan-Id (Id-Ul-Fitr), Khutub-E-Ramzan, Sarhul today, on March 21, 2026. Hence banks in many parts of the country are closed this Saturday. March 21 is the third Saturday of the month and in normal course would not be a holiday, but festivals today mean that some states…
March 2026 bank holidays: Planning to visit the bank today? There is a lot of confusion among customers who are planning to visit the bank regarding the bank holiday for Ramadan 2026. The date of the Eid festival may vary from state to state depending on the timing of the sighting of the moon. Therefore,…
MUMBAI: The sudden exit of Atanu Chakraborty, HDFC Bank non-executive chairman late on Wednesday, unnerved several of the lender’s shareholders and fund managers as it came at a time when the war in West Asia has been weighing heavily on investor sentiment. The news of Chakraborty’s resignation led to a 8.4% crash in its stock…
Planning a bank visit? You might want to reschedule! Bank customers planning a visit in March 2026 are being advised to check branch holiday schedules, as a four-day bank holiday is approaching. Since banks observe both national and state-specific holidays, closure dates can vary across different regions, making it important to plan ahead to avoid…
MUMBAI: Rating agency Moody’s Ratings and its Indian affiliate Icra said the West Asia conflict should have limited near-term impact on India’s banking system, though a prolonged oil spike could dent growth and lift inflation.Moody’s baseline view sees banking outlook stable and real GDP growth at 6.4% in FY27; credit/deposit growth broadly aligned, loan growth…
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances…
NEW DELHI: Private sector and state-run banks raked in around 19,000 crore from account holders for not maintaining minimum balance in three financial years — 2022-23 to 2024-25.While private sector banks mopped up around Rs 11,000 crore, public sector players collected Rs 8,093 crore, according to data shared by the finance ministry in Lok Sabha…
Customers planning to visit bank branches this week, should check holiday schedules beforehand to avoid any inconvenience. Banks in India observe a mix of national and state-specific holidays, so closure dates may vary depending on the region. Several banks will be closed this week for festivals and state observances. In addition, branches will remain closed…
MUMBAI: Scheduled commercial banks have regained market share in financing the commercial sector in FY26 up to Jan 31 by expanding non-food credit faster than the overall resource pool, reversing a contraction seen in FY25 amid a surge in equity issuances and non-bank funding.Data for FY26 up to Jan 31, 2026 released in RBI’s bulletin…
Finance minister Nirmala Sitharaman on Monday issued a warning to banks against mis-selling financial products, stressing that such practices now constitute an offence under the Bharatiya Nyaya Sanhita (BNS) and must stop as regulators tighten oversight.Addressing reporters after her customary post-Budget interaction with the RBI Central Board, Sitharaman said banks should return their focus to…
