#Banking

2 days ago.New Delhi, Delhi, India
Here's an analysis of what actually led to the market downfall. (Photo Credits: Representational Image/ Pixabay)

  • Indian markets recorded the worst single-day fall in nearly 10 months on Friday
  • Rise in bond yields and US-Syria tensions are the prime reasons behind the fall
  • Banking, Financial and Telecom sectors suffered major setbacks

4 days ago.New Delhi, Delhi, India
The banking sector will remain open on the day of Bharat bandh. (Photo Credit: Representational/ Unsplash)

  • Confederation of All India Traders  has called for a one day Bharat bandh on Friday (February 26)
  • The bandh has been called as a mark of  protest against the GST system
  • An estimated 40,000 traders' associations have shown their support for the bandh, the CAIT has claimed

17 Feburary
. (Representative Image/Unsplash)

  • "Defendants are entitled to keep the money," US District Judge Jesse Furman said
  • The case centers on payments totaling some $500 million Citigroup sent in August 2020
  • Citi plans to appeal the decision

26 November 2020.New Delhi, Delhi, India
State Bank of India and private sector banks are functional even in the strike. (File Photo Twitter/@ANI)

  • Ten central trade unions are observing the nationwide general strike on Thursday
  • Many banks had informed customers in advance that normal working could be affected
  • The strike by unions is against "anti-labour policy of the government" and bank employees are protesting against the privatisation of banks

25 November 2020.Mumbai, Maharashtra, India
The RBI had imposed a moratorium on the LVB on November 17 considering its piling losses. (Photo Credit: Twitter/@RBI)

  • The LVB-DBIL merger is to come into effect from November 27
  • All LVB customers' accounts will be transferred to the DBS bank India Limited from that date
  • The merger is the result of the LVB's taking over by RBI after the former suffered grave losses for 3 years straight