The Centre is budgeting a record Rs 3.2 lakh crore in dividends from the RBI and public sector banks in 2026-27, creating a strong non-tax cushion to keep the fiscal deficit in check.For 2025-26, the govt has raised the dividend estimate to Rs 3.04 lakh crore, up Rs 44,590 crore from the budgeted Rs 2.56…
Union Budget 2026: Budget 2026 season is here and the banking sector heading ahead with a list of expectations, looking for targeted policy support to address credit constraints, employment pressures and regulatory challenges. According to Balasubramanian A, senior vice president at TeamLease Services, BFSI played a role in expanding formal employment in 2025, driven largely…
Bank holiday on January 15: January brings with it a series of festivals and events, and many are wondering whether January 15 is a bank holiday or not. It is therefore advisable to check the bank holiday calendar if a branch visit is on your to-do list.Missing a holiday can quickly turn a simple bank…
As 2026 gets underway, it’s advisable to check the bank holiday calendar before planning a visit to the branch. Missing a holiday can quickly turn a bank visit into a wasted trip, particularly in the early days of the year when people are getting back to work and managing their finances. Banks in India observe…
With schools and several government offices in Delhi and Uttar Pradesh observing a holiday today to mark the 350th martyrdom anniversary of Guru Tegh Bahadur, many people are unsure whether banks are also shut.The confusion stems from the fact that November 25 has been declared a public holiday for government institutions in both states. Are…
Will banks remain open today or closed today?Many banking customers are unsure about operations today because 15 November falls on a Saturday, which is commonly assumed to be a bank holiday. The confusion left a large number of people wondering if they should complete their banking work over the weekend or postpone it to a…
Hurricane Melissa impact (AP) At least 25 people died in the southern coastal town of Petit-Goave, Haiti after severe flooding from Hurricane Melissa swept through the area, local officials said Wednesday.Mayor Jean Bertrand Subrème told The Associated Press that the La Digue river burst its banks and flooded nearby homes. Dozens of houses collapsed, and…