Articles for Bank India

Is Muhammad Yunus preparing Bangladesh for crisis or elections?
1 month ago

Is Muhammad Yunus preparing Bangladesh for crisis or elections?

Firstpost  

Muhammad Yunus, the 84-year-old Nobel laureate, took the reins of Bangladesh after Sheikh Hasina fled to India in August. However, Yunus’ government continues to delay elections in the name of reforms without giving any firm timeline, take consequential foreign policy decisions such as drawing closer to Pakistan and alienating India — all as the economy crumbles Is Muhammad Yunus preparing …

India Elections Pakistan Reforms Indian Bank New Delhi
Top Gainers and Losers today on 2 December, 2024: Ultratech Cement, Apollo Hospitals Enterprise, HDFC Life Insurance Company, Cipla among most active stocks; Check full list here
1 month, 1 week ago

Top Gainers and Losers today on 2 December, 2024: Ultratech Cement, Apollo Hospitals Enterprise, HDFC Life Insurance Company, Cipla among most active stocks; Check full list here

Live Mint  

Top Gainers and Losers Today : **The Top Gainers and Losers Today**: The Nifty index closed at 24,131.1, reflecting an increase of 0.6%. The Nifty 50 has recorded returns as follows: - In the last 1 week: 0.22% - In the last 1 month: 1.16% - In the last 3 months: -3.97% - In the last 6 months: 4.34% - …

India Bank Company Nifty Life Insurance Cipla Ntpc
GDP numbers a cause for worry
1 month, 1 week ago

GDP numbers a cause for worry

Hindustan Times  

That the Indian economy would lose some momentum as the pent-up demand from the pandemic was exhausted was a given. The September quarter headline GDP growth of 5.4% was more than a percentage point lower than what private and the Reserve Bank of India forecasts expected. The Indian economy’s tepid growth performance is a result of weak animal spirits triggering …

India Growth Rbi
Bank holidays in December 2024: Check the state-wise list
Trending News
1 month, 1 week ago

Bank holidays in December 2024: Check the state-wise list

India Today  

India enjoys a variety of bank holidays throughout the year, encompassing national events, regional festivals, and other significant observances. These holidays are carefully scheduled by the Reserve Bank of India, which also sets guidelines for Real-Time Gross Settlement and determines specific account access restrictions for both public and private sector banks. Looking ahead to December 2024, the RBI has announced …

India Meghalaya Bank Pan Nagaland Mizoram Pan India
Global news wrap: COP tussle, monetary policies, luxury market fall
1 month, 1 week ago

Global news wrap: COP tussle, monetary policies, luxury market fall

Live Mint  

Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. Meanwhile, with the one-sided casualty in the Israel-Hamas war, with 43,000 Palestinians dead and 1.9 million internally displaced, the International Criminal Court has issued arrest warrants for Israel’s prime minister Benjamin …

India Luxury China War Housing Japan Market
52 Week High Stocks Today on November 27, 2024: Tilaknagar Industries, Dhani Services & others hit 52 week high today ; Do you own any?
1 month, 1 week ago

52 Week High Stocks Today on November 27, 2024: Tilaknagar Industries, Dhani Services & others hit 52 week high today ; Do you own any?

Live Mint  

52 Week High Stocks Today on November 27, 2024: Shares of Tilaknagar Industries, Dhani Services, Piramal Enterprises, Laurus Labs, Wipro hit their fresh 52 wk highs today. Other stocks such as ZF Commercial Vehicle Control Systems India, Hathway Cable & Datacom, Equitas Small Finance Bank, Adani Green Energy, Adani Energy Solutions hit their fresh 52 wk lows today. In the …

Bank Ist Week High Stocks
World Bank boosts lending capacity by 50%, India set to gain most from $150 billion global push, says India head Kouame
1 month, 3 weeks ago

World Bank boosts lending capacity by 50%, India set to gain most from $150 billion global push, says India head Kouame

Live Mint  

NEW DELHI : The World Bank, sharpening its focus on expanding support for developing economies, has raised its lending capacity by 50%, positioning itself to offer a record $150 billion over the next decade to various countries, with a strong emphasis on green projects. "India is the biggest client and will have a bigger share of funding available from the …

India World Bank Capital World Bank Countries Lending
Q2 Results Today: A Wave of Corporate Announcements
2 months, 2 weeks ago

Q2 Results Today: A Wave of Corporate Announcements

Live Mint  

Q2 results for several major companies are expected to be released today, impacting the Indian stock market. The domestic equity benchmark indices are expected to open on a cautious note, with the Nifty 50 closing down by 0.15% and the Sensex finishing trading with a decrease of 0.17%. The Indian stock market witnessed a marginally lower closing on Wednesday, October …

Business Finance Economy Markets
Saturday bank holiday: Are banks open or closed on August 31?
4 months, 1 week ago

Saturday bank holiday: Are banks open or closed on August 31?

Hindustan Times  

Banks in India are closed on the second and fourth Saturdays of the month, Banks are also closed on Sundays and other regional and national holidays, as per the guidelines set by the Reserve Bank of India. Saturday bank holiday: Digital banking services remain accessible on holidays, though physical banks close per RBI guidelines. Banks operate every first, third, and …

India Rbi Holidays Banks Banking Services
SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
4 months, 3 weeks ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

India Bank Rate Rbi Rates Sbi Mclr
Karnataka govt orders state departments to close accounts with SBI and PNB; here’s why
4 months, 3 weeks ago

Karnataka govt orders state departments to close accounts with SBI and PNB; here’s why

Live Mint  

Karnataka Government has instructed all its departments, public sector units, universities, and subordinate organizations to cease all transactions with the State Bank of India and Punjab National Bank, as quoted by The Economic Times. The Finance department issued a circular to all department heads, highlighting that the Karnataka Industrial Areas Development Board was unable to recover a deposit from Punjab …

Karnataka State Department Punjab National Bank Pnb Bank
Stocks to watch: Vodafone Idea, IRCTC, JSW Steel, HUDCO, Orchid Pharma, Power Grid Corp
4 months, 3 weeks ago

Stocks to watch: Vodafone Idea, IRCTC, JSW Steel, HUDCO, Orchid Pharma, Power Grid Corp

Live Mint  

Vodafone Idea: The company reported a narrowed loss of ₹6,434 crore for the quarter ended June 2024, down from ₹7,674 crore the previous year. The company’s consolidated revenue from operations was flat at ₹5,414.2 crore in the quarter ended June 30. Hindustan Copper: The company reported a two-fold rise in consolidated net profit at ₹113.40 crore for the quarter ended …

India Bank Company Revenue Profit Crore Quarter
Stock market update: Sensex drops 100 points, Nifty slips below 24,350
4 months, 3 weeks ago

Stock market update: Sensex drops 100 points, Nifty slips below 24,350

India TV News  

Indian stock markets started on a cautious note on Tuesday, with the Sensex falling by 100 points and the Nifty slipping below 24,350. MSCI Index rebalancing: August review In the latest MSCI India Index review, several companies, including RVNL, Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial, and Zydus Lifesciences, are set to be added. Meanwhile, Australia's ASX200 …

Markets Market Index Stocks Msci
RBI imposes 1.45 crore fine on Central Bank of India, 96.4 lakh fine on Bangladesh's Sonali Bank
6 months, 3 weeks ago

RBI imposes 1.45 crore fine on Central Bank of India, 96.4 lakh fine on Bangladesh's Sonali Bank

Hindustan Times  

The Reserve Bank of India imposed a fine of ₹1.45 crore on the Central Bank of India and ₹96.4 lakh on Sonali Bank PLC for non-compliance issues including loans and advances and Know Your Customer norms, PTI reported. Representational The Central Bank of India was fined ₹1.45 crore for sanctioning a working capital demand loan to a corporation against amounts …

India Central Bank Bank Rbi Central Bank Of India Sonali Bank Plc
Paytm’s market share Continues to fall after RBI crackdown
7 months ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

India Bank Sharma Upi Transactions Paytm Payments Bank Rbi Crackdown Rbi Crackdown Paytm
Karnataka forms SIT to probe official's suicide, BJP demands CBI inquiry
7 months, 1 week ago

Karnataka forms SIT to probe official's suicide, BJP demands CBI inquiry

India Today  

Karnataka has formed a four-member Special Investigation Team to probe the alleged suicide of a state government employee after being forced into a Rs 87 crore fund misappropriation. Meanwhile, BJP MLA Basangouda Patil Yatnal has written to Union Home Minister Amit Shah demanding an inquiry by the Central Bureau of Investigation into the case based on a complaint by the …

Bengaluru Karnataka Suicide Bank Union Officials Bjp
Saturday bank holiday: Are banks closed this Saturday, June 1?
7 months, 1 week ago

Saturday bank holiday: Are banks closed this Saturday, June 1?

Hindustan Times  

Saturday June 1 bank holiday: Banks across India are closed on national holidays and state-specific holidays as well as second and fourth Saturdays in the month and all Sundays. Bank holidays are as per the Reserve Bank of India holiday list which designates holidays under the Negotiable Instruments Act, Real-Time Gross Settlement holidays and Banks' Closing of Accounts. Saturday June …

Holidays India Lok Sabha Banks Closed Bank Holidays Holiday Bank
Electoral Bonds Data Given To ECI In Two PDF Files With Purchaser & Political Parties Details : SBI Chairman Tells Supreme Court
9 months, 3 weeks ago

Electoral Bonds Data Given To ECI In Two PDF Files With Purchaser & Political Parties Details : SBI Chairman Tells Supreme Court

Live Law  

The Chairman of the State Bank of India on Wednesday filed a compliance affidavit, informing the Supreme Court that the Bank has furnished the details of electoral bonds to the Election Commission of India. The details have been provided in two separate information packets - the first containing details of the purchasers of the electoral bonds, and the second containing …

India Political Parties Information Election Bank Commission Eci
DC Edit | SC Acts Firm with SBI over Electoral Bonds
9 months, 4 weeks ago

DC Edit | SC Acts Firm with SBI over Electoral Bonds

Deccan Chronicle  

The futile attempts by India’s largest bank, the State Bank of India, to keep the details of the electoral bonds from public eye unmindful of an order of the Supreme Court of India are a sad reflection of how the powers that be make historic institutions opt for indefensible positions and in the process damage their own reputation. The order …

India Court Political Parties Information Bank Eci Details
RBI bomb threat mail: Mumbai Police arrests accused from Gujarat, detains two others for questioning
1 year ago

RBI bomb threat mail: Mumbai Police arrests accused from Gujarat, detains two others for questioning

India TV News  

The Mumbai Crime Branch arrested a person in connection with sending bomb threat mail to the Reserve Bank of India, HDFC Bank and ICICI Bank. In addition, the sender had also demanded the resignation of RBI Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman. The scam involves RBI Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, some of the top …

Finance India Mumbai Bank Threat Rbi Mail
FinMin revises letter, scotches PSU bank merger speculation
1 year ago

FinMin revises letter, scotches PSU bank merger speculation

Live Mint  

The Union finance ministry has rectified the agenda of a parliamentary committee meeting scheduled for early next year, putting an end to speculation of a potential merger of public sector banks—UCO Bank with Union Bank of India, and Bank of India with Bank of Maharashtra. In a letter addressed to, among others, the bank chiefs of the four PSU banks …

India Bank Union Banks Merger Letter Union Bank
Stocks to Watch: Bank of Baroda, TCS, MCX, Union Bank of India, Cipla
1 year, 2 months ago

Stocks to Watch: Bank of Baroda, TCS, MCX, Union Bank of India, Cipla

Live Mint  

Here are the top stocks that could be in focus in today's trade: Bank of Baroda: The Reserve Bank of India on Tuesday asked the Bank of Baroda to immediately suspend further onboarding of customers onto their mobile app ‘bob World’. Union Bank of India: Union Bank of India has promoted Sudarshana Bhat to the position of Chief General Manager, …

Singh Rbi Cipla Spicejet Tcs Jsw Steel Mcx
RBI extends deadline for exchange of ₹2,000 notes till October 7
1 year, 3 months ago

RBI extends deadline for exchange of ₹2,000 notes till October 7

The Hindu  

With about ₹0.14 lakh crore worth of ₹2,000 notes still not having found their way back into the banking system as on September 29, a day before the stipulated deadline for the general public to exchange or deposit the notes at bank branches, the Reserve Bank of India has decided to extend the deadline to October 7. 96% returned “According …

India Notes Exchange Banknotes Rbi Offices 2000 Bank 19 Rbi Offices
ED arrests Jet Airways founder Naresh Goyal in bank fraud case
1 year, 4 months ago

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

The Hindu  

The Enforcement Directorate on September 1 arrested Jet Airways Limited’s founder chairman Naresh Jagdishrai Goyal, in connection with an alleged loan fraud involving about ₹538.62 crore of the Canara Bank. As alleged, the company was initially sanctioned a working capital limit of ₹126 crore and inland letter of credit/financial bank guarantee limit of ₹100 crore for different purposes. As alleged, …

Bank Company Crore Goyal Jet Jet Airways Fraud Case