Latest News, Updates & Breaking Headlines
The Maharashtra state government has declared a three day state mourning after the passing away of Deputy Chief Minister Ajit Pawar. The veteran leader of Nationalist Congress Party, died in a plane crash on Wednesday morning in Baramati.Along with Pawar, his personal security officer, an aide, and two crew members comprising the pilot in command…
Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as bank unions go ahead with a nationwide strike to press for the immediate implementation of a five-day work week. The strike has been called by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions…
Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as bank unions go ahead with a nationwide strike to press for the immediate implementation of a five-day work week.The strike, called by the United Forum of Bank Unions (UFBU)—an umbrella body of nine unions representing bank officers and…
Union Budget 2026: Budget 2026 season is here and the banking sector heading ahead with a list of expectations, looking for targeted policy support to address credit constraints, employment pressures and regulatory challenges. According to Balasubramanian A, senior vice president at TeamLease Services, BFSI played a role in expanding formal employment in 2025, driven largely…
Planning a bank visit? You might want to reschedule, as banks are set for a four-day holiday, beginning from January 23 till January 26. Keeping track of bank holidays is crucial for customers to plan their finances in advance and avoid last-minute inconvenience. It is important to note that banks in India follow a combination…
Central banks and investors have warned that artificial intelligence (AI) could face a sharp correction if it fails to deliver on expectations. Now, Deutsche Bank has issued a fresh warning, saying 2026 could be the hardest year yet for the AI sector, says a CNBC report. In a note titled “The honeymoon is over,” the…
MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks.The revised Master Directions on Priority Sector Lending recognise loans extended by banks to the National…
MLK Day 2026: Will Banks, Schools, Post Offices and Markets Be Open in the US? As Americans prepare for Martin Luther King Jr Day on Monday, January 19, 2026, the US is once again pausing to honour the civil rights leader’s legacy. MLK Day, observed on the third Monday of January each year, is a…
Representative image (AI-generated) Bank holiday on January 17: On Saturdays, many bank customers often face confusion over whether branches are open or closed, as banks do not operate on all Saturdays each month. As per Reserve Bank of India (RBI) rules, banks remain closed on the second and fourth Saturdays, while they function on the…
Mumbai: RBI has proposed tighter capital norms to curb banks’ exposure to volatility in foreign exchange and bullion markets by mandating a higher capital charge on open positions, according to draft regulations released for public comment.Under the draft rules, commercial banks will be required to maintain a 9% capital charge on their net open positions…
