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2023 Bank Holidays: Bank holidays 2023: Banks to remain closed on these days in 2023, check complete list here [ad_1] Banks in India will observe a number of holidays depending on the state. Bank customers should be aware of bank holidays beforehand and plan their finances and payment accordingly. The holidays are classified into three groups by the central government ...

Top Headlines: Banks’ balance sheet grows, daily vax rates in India double Banks’ balance sheet grows in double digits after 7 years: RBI report The health of Indian banks continued to improve in 2021-22 with their balance sheet growing at double digits after a gap of seven years and their asset quality and capital position ...

RBI to streamline charges for a safer, more affordable payments system The Reserve Bank of India (RBI) is aiming to streamline the framework of charges for different payment systems to ensure that the country has a state-of-the-art payment system, which is not only safe and secure but also swift and affordable. The central bank had, ...

RBI cracked whip on ICICI, others for flouting norms, but was ignored: RTI The Reserve Bank of India (RBI) had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according to a RTI reply, but few of these seemed to have heeded ...

Urban Co-op Bank profiles improve on bad loan dip, better profitability The profile of urban co-operative banks (UCBs) improved in 2021-22 on the back of augmented capital buffers, a decline in bad loans and improved profitability. However, the growth in deposits and advances took a knock as liabilities shrunk on the back of high base ...

Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30 City-based Punjab & Sind Bank on Tuesday said its board will meet on December 30 to consider a proposal for raising up to Rs 250 crore by various modes, including equity and bonds issuance, the bank said on Tuesday. The bank ...

Banks may need to lift deposit rates as credit demand surges: RBI report India’s banking sector remained resilient in 2021/22 and lenders may have to raise deposit rates more to meet a surge in credit demand, the central bank said in a report on Tuesday. The Reserve Bank of India (RBI) has raised rates aggressively ...

Number of banking frauds go up in FY22; substantially down by value: RBI Banking frauds increased in number terms but the amount involved more than halved in FY2021-22, the Reserve Bank said on Tuesday. In FY22, banks reported 9,102 frauds involving an underlying amount of Rs 60,389 crore against 7,358 frauds with an amount involved ...

Retail loans likely to become a source of systemic risk, warns RBI Retail loans, long considered a panacea for the banking system, may become a systemic risk, the Reserve Bank said on Tuesday. The central bank, however, was quick to add that it is well-equipped with its policy toolkit to handle any systemic risk that ...

Banks’ balance sheet grows in double digits after 7 years: RBI report The health of Indian banks continued to improve in 2021-22 with their balance sheet growing at double digits after a gap of seven years and their asset quality and capital position bettering, the Reserve Bank of India (RBI) said in its annual report on trend ...