December 2024 Bank Holidays: Banks To Be Closed On 17 Days | Check Here

30 Nov 2024

India observes a variety of bank holidays annually, including national events, regional festivals, and other significant occasions. The Reserve Bank of India (RBI) determines the schedule for bank holidays, which also includes closures for Real-Time Gross Settlement (RTGS) and specific limitations on account access for both public and private banks....

November 2024 Bank Holidays: Check the Full List Across Indian States

02 Nov 2024

The Reserve Bank of India (RBI) has published the November 2024 bank holiday schedule, detailing 12 non-working days across various states for the month. These closures include regional festivals, events, and regular off-days that vary by location, encompassing all Sundays and the second and fourth Saturdays. Planning visits to the...

Tinder Scam: Mumbai Woman Loses Rs. 3.37 Lakh, What Happened Next…

22 Sep 2024

A 43-year-old Mumbai woman was allegedly defrauded of ₹3.37 lakh by a man she met on a dating app, police reported on Friday. The victim, an art director, connected with someone named 'Advait' on Tinder in the previous month, and they began exchanging messages, according to a police official. The...

September 2024 Bank Holidays: State-Wise List And Details

28 Aug 2024

The Reserve Bank of India has released the schedule of bank holidays for September 2024. Banks will be closed on every second and fourth Saturday, as well as all Sundays. Additionally, financial institutions will observe approximately nine festival holidays this month. While banks will be closed on these specific dates,...

Bank Strike Today: How Can It Impact Economy And Customers

28 Aug 2024

Banking services across India are expected to be significantly impacted today, August 28, as the All India Bank Employees Association (AIBEA) has called for a nationwide strike. The protest is in response to the Bank of India's decision to charge-sheet all thirteen office bearers of the bank's staff union, leading...

Vanuatu’s Prime Minister Urges Bank of China to Establish Branch in Port Vila

12 Jul 2024

Vanuatu's Prime Minister, Charlot Salwai, has urged the Bank of China to establish a branch in the Pacific Island nation, as per a statement from his office released on Friday. During a visit to China, Salwai conveyed this request to bank officials, aiming for the potential establishment of a Port...

Bank Fires Over a Dozen Employees for Faking Keyboard Activity To Simulate Work

14 Jun 2024

Wells Fargo has fired more than a dozen employees for falsifying keyboard activity to deceive the bank into believing they were working. The terminated employees were all part of the firm's wealth and investment management unit, as reported by Bloomberg on Thursday. In its disclosure to the Financial Industry Regulatory...

Congress receives interim relief, allowed to use frozen bank accounts with lien

16 Feb 2024

Income Tax Appellate Tribunal (ITAT) has granted interim relief to the Congress party, allowing it to use its frozen bank accounts with a lien from the Income Tax department. Rajya Sabha MP Vivek Tankha, representing the Congress, expressed gratitude for the ITAT's decision, stating that the accounts are not restricted...

Banking system resilient, poised for growth amid global challenges

28 Dec 2023

Amidst a highly uncertain outlook for the global environment, the Indian banking system has been well positioned to improve further, with better asset quality, high capital adequacy and robust profitability supported by bright prospects for domestic economic activity. The consolidated balance sheet of scheduled commercial banks (SCBs) in 2022-23 expanded...

How to Trade Forex Using a Demo Account

20 Dec 2023

Imagine being in an exotic foreign market where you buy a beautiful artifact using local currency. Later, due to favorable economic conditions, the value of the local currency decreases against your home currency. Now, if you were to sell that artifact back home, you'd make a profit purely based on...