Banking News
Public Sector Banks Open Today Ahead of Three-Day Strike
Public sector and regional rural bank branches are operating on Sunday, September 27, after RBI approval as authorities seek to limit disruption ahead of the proposed nationwide bank strike from September 28 to 30.
RBI Actions Cut Banking Liquidity Surplus by 55%
Bond sales, foreign-exchange operations and rupee-support measures have helped reduce India’s banking-system cash surplus to ₹4.92 trillion from a record ₹11.16 trillion in about two weeks.
BRICS Pushes Deeper Banking Cooperation
BRICS economies can expand trade in local currencies and strengthen cross-border investment by deepening financial markets, improving banking linkages and developing stronger risk-management
Mastercard Launches Premium World Select in India
The new premium card programme targets India's rapidly growing affluent class with curated travel, dining, and lifestyle privileges.
Banks Face Currency Risks on FCNR Deposits
While the Reserve Bank of India insulates principal amounts under its special swap window, domestic lenders face foreign-exchange exposure on billions in dollar interest payments.