Nifty Bank hits fresh record high: What does this mean for you?

The recently achieved new record high in the Nifty Bank index reflects the investors' confidence in the banking sector’s strong earnings growth, asset quality, and rising interest rate prospects.

₹2000 notes exchange: Banks to remain closed for 12 days in June; check state-wise bank holiday list here

In June 2023, private and public sector banks in India will remain closed for 12 days, including all Sunday and the second and fourth Saturdays.

Indian banks maintained strong margins in Q4, but are set to moderate in FY24, says Emkay Global

The brokerage maintains a cautious approach towards banks considering the growing risk of macro-disruptions. It specifically looks for banks with robust capital and provision buffers, as well as strong return ratios.

Did you know you have to pay TDS on large cash withdrawals from a bank? We explain

Banks or financial institution deduct the TDS (tax deducted at source) when amount withdrawn is more than ₹20 lakh or ₹one crore as the case may be

Public sector banks achieve record profit of over ₹1 lakh crore in FY23: Report

In percentage terms, Pune-based Bank of Maharashtra (BoM) had the highest net profit growth with 126% to ₹2,602 crore, followed by UCO Bank with a 100% rise to ₹1,862 crore and Bank of Baroda with a 94% increase to ₹14,110 crore.

What is RBI’s ‘100 days, 100 pays’ campaign that aims to return unclaimed deposits? Details here

The banking regulator has directed public sector banks to trace and settle top 100 deposits in each district in the next 100 days

Centre unlikely to undertake any new PSU divestment in 2023-24: Report

The Union government is unlikely to undertake any new public-sector undertaking (PSU) divestment in FY24, a Business Stanard report stated.

Indian banks' earnings to stay strong, says LKP Securities; here are its top 5 bets in this space

LKP Securities said that Indian Bank’s balance sheets are much more resilient than they were historically in terms of capital buffer, credit quality, and liquidity, aided by stringent regulatory frameworks.

Payments banks knock on RBI’s door for extending small loans: Report

Players in the payment banks space believe that allowing them to tap the small retail loans market may help them differentiate from banking correspondents, payment aggregators and other players in the payments ecosystem

Banking in focus: Why investing in Nifty Bank ETF now makes sense

<ul><li>Banks have staged a dramatic turnaround, cleaned up their books, regained their health, restored profitability and re-established investors’ trust.</li></ul>

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Nifty Bank hits fresh record high: What does this mean for you?

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