A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
12:10 PM
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Banks across several states will observe closures for Chhath Puja, with Bihar and Jharkhand experiencing two-day holidays and West Bengal a one-day closure. These state-specific holidays mean banking operations in other regions will proceed as usual. Digital banking services remain accessible for customers during this period.
12:10 AM
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India's foreign exchange reserves surged by $4.496 billion to $702.28 billion, primarily due to a significant increase in gold reserves. This rise offset a dip in foreign currency assets, highlighting the Reserve Bank of India's growing preference for gold over dollar-based assets.
8:10 PM
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India's central bank is strategically shifting its foreign exchange reserves, favoring gold over dollar-based assets. The RBI has significantly increased its gold holdings, now exceeding 880 tonnes, while simultaneously reducing its investments in US Treasury Securities to a seven-month low.
2:10 PM
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Blackstone is investing Rs 6,196.51 crore for a 9.99% stake in Federal Bank via warrants. This strategic move, approved by the bank's board, aims to bolster capital for retail, SME, and digital growth. Shareholder and regulatory approvals are pending for this significant private capital infusion in the Indian banking sector.
1:10 PM
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Gold prices have seen a significant 3% drop, ending a nine-week rally. This correction is attributed to profit-booking, a stronger dollar, and increased confidence in a US-China trade deal. While short-term pressure exists, experts foresee a positive long-term outlook driven by global monetary shifts and central bank buying.
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