September 2024 bank holidays: Are banks closed for Onam? In India, all banks, including cooperative, rural, regional, private, and public-sector banks, are closed on the second and fourth Saturdays of each month, as per the Reserve Bank of India (RBI) guidelines. Additionally, banks remain closed on all Sundays and on national and regional holidays.September 14,…
Bank Holidays September 2024: In September 2024, banks across various states in India will remain closed for a total of 15 days, including the second and fourth Saturdays as well as Sundays. The Reserve Bank of India (RBI) publishes a monthly list of bank holidays to help customers plan their banking activities and avoid any…
Representative Image Domestic gold prices have risen by 10 per cent on a year-to-date basis on the back of the strength in global gold prices, which have surged by 18 per cent year-to-date, driven by robust central bank purchases, heightened geopolitical risks, and growing expectations of a monetary policy pivot from the US Federal Reserve,…
NEW DELHI: The Reserve Bank of India on Tuesday announced that the RBI Governor Shaktikanta Das has received an “A+” rating in the Global Finance Central Banker Report Cards 2024 for the second consecutive year.According to a statement released by the Global Finance Central Banker Report Cards 2024, the central bankers who have earned an…
Fixed deposit (FD) investors have benefited from rising interest rates over the past 1-2 years, with rates reaching their peak and remaining there for a considerable time. However, this favorable situation is not expected to continue indefinitely. Although the Reserve Bank of India (RBI) has maintained the repo rate, it is anticipated that this may…
NEW DELHI: There is not likely to be any impact on loan EMIs as the Reserve Bank of India‘s monetary policy committee had decided to keep the repo rate unchanged at 6.5%.“The monetary policy committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF)…
NEW DELHI: India’s foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week that ended on July 19, according to the Reserve Bank of India (RBI) on Friday.The overall reserves had jumped by $9.699 billion to an all-time high of $666.854 billion in the last week that concluded on July 12.The…
Paytm layoffs: One97 Communications Limited, the parent company of Paytm, is currently undergoing a restructuring process that involves an undisclosed number of people being laid off. According to a PTI report quoting the company statement, Paytm is providing outplacement support to these employees, collaborating with over 30 companies that are currently hiring and assisting those…
India is poised for a long-awaited economic take-off, driven by rising aggregate demand and increased non-food spending in the rural economy, according to the Reserve Bank of India‘s May Bulletin released on Tuesday. Rising aggregate demand The RBI’s article on the ‘State of the Economy’ highlighted a quickening momentum in aggregate demand. Recent indicators show…
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide…
