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
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RBI's recent report reveals a shift in credit distribution, with metropolitan bank branches' share declining to 58.7% in March 2025, from 63.5% five years prior, due to faster credit growth in non-metro areas. Despite this, metropolitan branches still lead in deposit mobilization, growing at 11.7%.
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Banks in India will operate on Saturday, May 31. This is because it is the fifth Saturday of the month. Reserve Bank of India guidelines dictate closures on the second and fourth Saturdays. June 2025 will see bank holidays for Id-ul-Ad’ha, Sant Guru Kabir Jayanti, Ratha Yatra, and Remna Ni. Stock markets will remain open throughout June 2025.
4:10 AM
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The Union finance ministry has suggested excluding small borrowers from the Reserve Bank of India's new gold-loan rules. This proposal aims to protect those with loans under Rs 2 lakh. The ministry also recommended delaying the rules until January 1, 2026. This decision follows opposition from Tamil Nadu, where concerns were raised about the impact on rural borrowers.
3:10 AM
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The revamped PM SVANidhi scheme is set to offer street vendors higher subsidised loans and credit cards with a Rs 30,000 limit, thanks to bank participation. Rural vendors migrating to cities will also benefit from these loans, with an additional Rs 10,000 potentially included. This initiative aims to provide accessible capital and reduce reliance on high-interest informal loans.
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