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Reserve Bank of India has moved 100 tonnes of gold from the UK to its vaults in India, marking a significant shift in gold storage. The transfer was for logistical and storage diversification reasons.
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In June 2024, all private and public sector banks in India will observe 10 holidays, including regional holidays, second and fourth Saturdays, and all Sundays. Online banking services will still be available on these days.
5:10 AM
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HDFC Bank will stop sending text alerts for low-value UPI transactions, only sending alerts for transactions over Rs 100 or if they receive over Rs 500 via UPI.
7:10 AM
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Global investment bank Goldman Sachs has raised India's GDP growth forecast for the calendar year 2024 to 6.7 per cent, citing robust indicators that point to the growth momentum sustaining, but pushed back its forecast by a quarter for the RBI to move on interest rates.
7:10 PM
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Several banks, including SBI, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, RBL, and Capital Bank Small Finance Bank, have adjusted their fixed deposit interest rates in May.
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