Creative Bharat
Finance Ministry has called a meeting of heads of Public Sector Banks (PSBs) on Wednesday to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The meeting, which would see participation from representatives of private sector banks, is scheduled to be chaired by Financial Services Secretary M Nagaraju. According to sources, […]
MUMBAI: HDFC Bank has informed the stock exchanges that it has received approval from RBI for its group entities to hike investments in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank up to 9.5% of their share capital.RBI, through letters dated Jan 3, granted approval to HDFC Bank, as the promoter […]
Finance and Corporate Affairs Minister Nirmala Sitharaman on Saturday highlighted the crucial role of public sector banks (PSBs) in driving rural empowerment by providing collateral-free loans to small businesses and artisans through various Central Government schemes. Speaking at the Grameen Bharat Mahotsav 2025 (GBM2025), organised by Nabard and Department of Financial Services, Sitharaman also highlighted […]
UCO Bank has announced stronger annual growth for the quarter ending December 2024, with the lender’s total business rising by 12.18 per cent to Rs 4.88 lakh crore.Provisional figures submitted to the stock exchanges reveal a significant 16.20 per cent increase in total advances, which reached Rs 2.08 lakh crore. This growth was primarily driven […]
Indian banks are expected to achieve a credit growth of 12.5 per cent in the financial year 2025, according to a report by HSBC Securities and Capital Markets (India) Private Limited published on Friday. However, the report also cautioned that a slowdown in GDP growth could pose risks, keeping credit expansion range-bound in 2024-25.The report […]
Bank Holidays: RBI issues a comprehensive state and region-specific holiday calendar annually. Bank holidays January 2025: Banks across India observe closures during national and regional holidays, with variations by state. While many bank customers prefer conducting banking activities on Saturdays, it is important to note that banks remain closed on second and fourth Saturdays, alongside […]
Regular bank closures occur on the second and fourth Saturdays for all scheduled and non-scheduled banks. Bank Holidays January 2025: The RBI has published state-specific bank holiday listings for 2025. Due to diverse regional celebrations across India, bank holidays differ by location. Understanding these schedules is essential for maintaining smooth financial operations and transactions.Regular bank […]
MUMBAI: High attrition levels in private sector banks (PVBs) and small finance banks (SFBs) are a risk factor, RBI said in a report. While the total workforce in PVBs has surpassed that of public sector banks (PSBs) for the first time, the average attrition rate in PVBs has risen sharply over the last three years […]
NEW DELHI: Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs), […]
Banking and business groups sued the US Federal Reserve over the central bank’s annual stress tests, saying they’re seeking more transparency in how the rules are adopted. The groups, including the Bank Policy Institute and American Bankers Association, contend that the Fed’s criteria for the tests are designed in secret and produce “vacillating and unexplained […]
