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Sunday, May 24, 2026

Bank holidays for the week starting May 25: When and where will banks remain closed? Check state-wise list

Bank customers across India should note extended holiday closures from May 26-28, 2026, impacting numerous states for national and religious observances like Kazi Nazrul Islam's birth anniversary and Eid-ul-Adha. Remember, second and fourth Saturdays also mean branch shutdowns. Plan ahead for essential services, as digital banking remains fully operational.

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Saturday, May 23, 2026

Iran war squeezes NRI deposits, overseas Indians pull out nearly $2 billion in March

Overseas Indians withdrew nearly $2 billion more than they deposited in Indian bank accounts in March, driven by a fall in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts. This trend, linked to geopolitical uncertainty from the Iran war, saw total NRI deposits decline to $165.65 billion.

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Warsh takes the Fed's helm as inflation climbs

Will lead a central bank oriented toward reform, says new chair

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Bank strike called off: SBI staff union defers May 25-26 protest, branches to function normally



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Friday, May 22, 2026

AIIB launches $10 billion support facility for countries hit by Middle East conflict, India among key shareholders

India's second-largest shareholder, the Asian Infrastructure Investment Bank (AIIB), has launched a $10 billion fund to aid member nations grappling with the Middle East conflict's economic fallout. This facility offers crucial support for energy and food security, alongside economic resilience, through fast-disbursing aid and liquidity for affected countries and businesses.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/rS7AvVZ
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