Public Banks

Delhi schools holiday November 25: All government schools and colleges, along with many private institutions, are expected to remain closed in the city on Tuesday

As per the state-wise holiday list for 2025-2026, the RBI has designated 5 bank holidays for November 2025. In India, bank holidays might vary per regional, national, or religious celebrations

Credit costs may also weigh on margins, given the stress in the unsecured loan book, bankers said

Bank Holiday: Banks in several cities like Bengaluru, Chandigarh, Bhubneshwar, and Shimla are shut today, Oct 7, on account of Maharshi Valmiki Jayanti/Kumar Purnima

Initiative should not only be seen as a financial project but a way to build citizens' trust in the banking system

Bank Holiday: For Tirubhav Tithi, banks in Assam will close on August 25,2025, but banks in the rest of India will stay open. Ganesh Chaturthi is a follow-up holiday on August 27. Read on to know more

State-owned Bank of Maharashtra (BoM) on Tuesday reported 23 per cent increase in net profit to Rs 1,593 crore during the first quarter, helped by decline in bad loans and improvement in interest income. The Pune-based lender had posted a net profit of Rs 1,293 crore in the April-June period of the previous year. Total income in the quarter under review rose to Rs 7,879 crore from Rs 6,769 crore in the same period a year ago, BoM said in a regulatory filing. Interest earned by the bank grew to Rs 7,054 crore as compared to Rs 5,875 crore in June quarter FY25. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.74 per cent of gross advances at the end of June quarter FY26 from 1.85 per cent a year ago. Similarly, net NPAs or bad loans declined to 0.18 per cent as against 0.20 per cent in the year-ago period. Capital adequacy ratio of the bank rose to 20.06 per cent from 17.04 per cent in the same quarter of FY25.

On a sequential basis, profit after tax may decline by 2.2 per cent, due to pressure on interest margins and muted credit growth

Public sector banks saw 13.1 per cent loan growth in the financial year 2024-25, beating private banks' 9 per cent for the first time since 2011

Banks in Kolkata (West Bengal), India, will remain shut today, Friday, May 9, 2025, because of Rabindranath Jayanti, as per the Reserve Bank of India's (RBI) holiday calendar for 2025

Ambedkar Jayanti is being observed across the country and hence, banks in most parts of India will remain closed today

Loan growth is expected to have further slowed down amid low demand in certain secured products, stress in the unsecured segment, and a high CD ratio across the system

On Wednesday, February 26, banks will stay closed in certain states because of Mahashivratri. This week, banks in a number of cities will be closed for two days, but not consecutively

When comparing the top rates across different categories of banks, small finance banks take the lead, with Unity Small Finance Bank and NorthEast Small Finance Bank offering an impressive 9% interest

The gold loan portfolio of banks rose by 71.3 per cent year-on-year (Y-o-Y) till December 2024 to Rs 1.72 trillion

State-owned lender also raises Rs 10K cr through 15-yr infra bonds at 7.23%

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

Indian banks are prioritising work-life balance by implementing policies to reduce overtime and after-hours communication, responding to rising attrition and employee burnout

Lenders such as Union Bank of India, Bank of Baroda, Punjab & Sind Bank, and others are promoting special schemes across their loan and deposit products

In a separate statement announcing the new facility, the PBOC said it would use it to trade with primary dealers in OMO on a monthly basis