Banks in India will be closed for up to 14 days in May 2024, including Sundays and the second and fourth Saturdays, according to the Reserve Bank of India holiday calendar schedule.The Reserve Bank of India (RBI) holiday list notes that on May 1, 2024, banks will be closed in some states in observance of Maharashtra Day and May Day.Also read: Changes in saving account charges, credit card rules, special FD deadlines: 5 money changes in May 2024Here is a look at the states where banks will be...
The board of Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. I, personally or anyone from OCL, have no connection with the payments bank, Vijay Shekhar Sharma said at a webinar. There is an independent board taking care of everything and we have full faith in their capability. The Reserve Bank of India (RBI) in late January had...
South Korea's Central Bank Says May Buy Gold In The Mid To Long-Term Back in 2011, around the time gold hits its previous cycle high, South Korea surprised the fiat world when it revealed that it had spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves. It then proceeds to buy a lot more gold (relatively speaking) for the next year...
Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.
Some analysts on Wall Street think Powell will say rate hikes aren't the base case but will depend on economic data and can't be ruled out.
Banks are increasingly carrying out checks to verify that their customers are not laundering money, financing terrorism or violating sanctions, De Nederlandsche Bank (DNB) said on Monday. At the same time, the Dutch central bank noted that some banks are delaying or scaling back improvements to their controls and checks. As a result, they have to do more to get their controls in order.
Banks all over India will be closed for 14 days in May. This includes nine holidays listed in the Negotiable Instruments Act, as well as the usual closure on the second and fourth Saturdays and Sundays. It is important to remember that holidays might differ depending on the state. Some important events affecting the banking schedule in May are the Lok Sabha Elections 2024 and Labour Day..May 1 (Wednesday): Banks will be closed in Maharashtra, Karnataka, Tamil Nadu, Assam, Telangana, Andhra...
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
The Bank of N.T. Butterfield & Son Limited ( NYSE:NTB ) defied analyst
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
This year’s May Bank Holiday, commencing on Wednesday May 1, will see mixed weather across Spain, so where exactly are the best places to stay dry? Starting on Thursday, May 2, after an unsettled Wednesday marked by widespread rain and snow in higher elevations due to a cold front from an Atlantic storm, conditions are […]
Alphabet (GOOG, GOOGL) shares surged in after-hours trading on Thursday after the tech giant delivered an earnings beat in the first quarter. Adding to the positive sentiment, the company announced a dividend of $0.20 per share and a share buyback plan. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to provide insights into Alphabet's financial results. Zino commends both Alphabet's and Microsoft's (MSFT) cloud performance, describing the numbers as "absolutely...