With Ganesh Chaturthi and various regional holidays in September, banks in India will be closed for 15 days this month. Check the state-wise holiday schedule to plan your visits accordingly. This Saturday, banks will be closed in Gujarat, Maharashtra, Karnataka, and more states while other states will operate as usual. Stay informed and avoid unnecessary visits by checking with your bank before heading to a branch.
The Indian banking sector is facing a significant challenge as the growth of deposits has slowed down compared to credit, creating a widening gap between the two. This has raised concerns for the government and the Reserve Bank of India, who have urged banks to focus on innovative strategies to attract more deposits. One of the main reasons for this divergence is the increasing trend of Indian households investing their savings in capital markets, resulting in a lower inflow of savings into banks. As a result, banks are looking for ways to address this issue and mitigate the risk of asset-liability mismatch.
The latest jobs report, to be released in August, will provide insight into the state of the economy and the potential for a rate cut by the Federal Reserve. With signs of a cooling job market, experts predict a quarter percentage point cut to help support continued economic growth. However, with a rebound in employment numbers, the decision is not set in stone.
Luis de la Fuente's Spanish team is gearing up for the 2024/25 UEFA Nations League, hoping to continue their success after winning the European title in 2024. With a new interim knockout round introduced, the competition will be even more intense as teams compete for the overall title in their respective leagues. The quarterfinals and playoffs phase, previously reserved for World Cup or European Championship qualification matches, will now take place in March 2025, adding a new layer of excitement to the tournament. Don't miss out on all the action as Spain and other top teams battle for victory.
Bollywood star kid Suhana Khan took to social media to show support for best friend Ananya Panday's OTT debut in the upcoming web series 'Call Me Bae'. With a star-studded premiere that included the likes of Kartik Aaryan and Sara Ali Khan, the series promises to be an emotional rollercoaster with its "riches-to-rags" storyline. Despite online comparisons to Western shows, Ananya urges viewers to reserve judgment until watching it for themselves.
The Supreme Court has reserved its order on Thursday (September 5, 2024) regarding the petitions filed by Delhi Chief Minister Arvind Kejriwal seeking bail and quashing of arrest in the CBI case related to the Excise policy scam. Arguments were heard by the bench from both sides, with Kejriwal stating that the CBI did not arrest him for two years after the ED registered the case. Senior counsel Abhishek Singhvi also mentioned that no notice was served to Kejriwal before the arrest was made.
During the concluding session of the Biju Mahila Janata Dal (BMJD) meeting, BJD president Naveen Patnaik made a passionate call to women in Odisha to expose the false promises of the BJP. He highlighted the BJD's commitment to empowering women and emphasized the need to expose the "lies" of the BJP. Patnaik also addressed the issue of crimes against women and expressed hope for the introduction of reservation for women in Lok Sabha and Vidhan Sabha.
The Reserve Bank of India (RBI) has announced a lowered public float requirement for companies looking to list on the International Financial Services Centre (IFSC) in India. This move is aimed at promoting and encouraging more listings on the IFSC. Additionally, the RBI has also allowed NBFC depositors to withdraw their entire amount prematurely and has cancelled the registration for several NBFCs due to irregular lending. Bajaj Finance, a leading NBFC, has also forged partnerships with several companies in the commercial vehicle and housing finance sectors, further strengthening their presence in the market.
Shree Tirupati Balaji Agro Trading, a leading industrial packaging products manufacturer, will launch its initial public offering (IPO) on September 5th for a total of Rs. 169.65 crore. The IPO will consist of an offer-for-sale portion of Rs. 47.23 crore and a fresh issue of Rs. 122.43 crore. The price band for the IPO is set at Rs. 78 to Rs. 83 per share and retail investors can bid for up to 180 shares for a minimum of 1 lot. The company has reserved 50% of the net offer for Qualified Institutional Buyers, 35% for retail investors, and 15% for non-institutional investors. Don't miss out on this opportunity to invest in the growing SME IPO market!
Union Home Minister Amit Shah has posed a tough set of questions for the Congress leadership regarding their alliance with the National Conference in Jammu and Kashmir. Among the questions, the most pointed one is about the party's stance on reservation for marginalized communities, which has been a sensitive issue for the BJP. This crucial move by Shah shows the party's unease in the face of social justice gaining traction in national politics, and raises questions about its strategy going forward.