As equities strengthened in October, mutual fund managers adjusted their portfolios, particularly in banking sector. Private banks and finance companies were among both the top buys and sells at fund houses. HDFC Bank, ICICI, and Bajaj Finance were among the top trades of portfolio managers. There was selective buying in IT stocks, such as, HCL…
Banks closed on Id-E-Milad/Milad-un-Nabi or Id-e Milad/Thiruvonam/Milad-i-Sherif 2025: Many public and private banks will remain closed on September 5 and 6 (as per states) on the occasion of Eid-e-Milad-un-Nabi and Thiruvonam (Onam). If you’re planning to visit your nearest bank on this occasion to settle any banking work, here’s everything you need to know. Are banks open or…
Bank Holidays in September 2025: Bank customers will face two three-day holidays in September 2025, with bank branches in several states closed from Sunday, September 21 to Tuesday, September 23, and from Sunday, September 28 to Tuesday, September 30. Navratra Sthapna holiday on September 22 On September 22, banks will remain closed on September 22 in Jaipur to…
The country’s largest lender State Bank of India (SBI) has requested the Reserve Bank of India (RBI) to allow banks to fund acquisitions, the bank’s chairman Challa Srinivasulu Shetty said on Monday. Currently, Indian banks are not allowed to lend for mergers and acquisitions. Because of this rule, when companies plan to buy other businesses, they usually turn to non-banking…
MUMBAI: In the midst of Indian companies battling the Covid-19 disruption, there is a growing realisation and acceptance that artificial intelligence (AI) is not only unavoidable but it must be adopted quickly to remain competitive in the marketplace, Deloitte India CEO N Venkatram told ET.“Indian companies need to re-skill, train, and acquire more relevant talent,…