In April 2025, banks in Chennai will observe closures on 10 days due to public holidays and regular weekend offs. This includes the second and fourth Saturdays and Sundays, as well as specific public holidays. Detailed List of Bank Holidays in Chennai for April 2025: It’s advisable to plan your banking activities accordingly to avoid […]
Effective April 1, 2025, several banks in India have implemented changes to their banking policies, including adjustments to minimum balance requirements and interest rates on Fixed Deposits (FDs) and savings accounts. Here’s a comprehensive overview: 1. Revised Minimum Balance Requirements Banks such as State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank
Starting May 1, 2025, the Reserve Bank of India (RBI) has approved an increase in ATM interchange fees, which will result in higher charges for customers exceeding their free monthly transaction limits. Revised Charges: Free Transaction Limits: Transactions that fail due to technical reasons, such as hardware or software issues, non-availability of currency notes,
As the financial year 2024-25 concludes on March 31, 2025, taxpayers are advised to complete their year-end tax filings promptly. In the previous year, to facilitate the completion of pending departmental work, the Central Board of Direct Taxes (CBDT) directed all Income Tax Offices across India to remain open on March 29, 30, and 31,
In recent years, India has experienced a notable outflow of high-net-worth individuals (HNWIs). Projections for 2025 indicate that approximately 4,300 Indian millionaires are expected to emigrate, positioning India third globally in net millionaire outflows, following China and the United Kingdom. Reasons for Emigration: Several factors contribute to this trend: Popular Destinations: The preferred countries
SIF (Structured Investment Fund) is emerging as a new investment option distinct from traditional mutual funds and Portfolio Management Services (PMS). It is designed to offer investors a structured and diversified way to participate in financial markets with potential benefits such as:
Mahindra & Mahindra, a leading Indian automobile manufacturer, has declared a price increase of up to 3% across its range of SUVs and commercial vehicles, effective from April 2025. This decision aligns with similar moves by other Indian automakers, including Maruti Suzuki, Tata Motors, and Hyundai Motor India, who have announced price hikes between 2%
Digital Banking Units (DBUs) are a revolutionary step towards a cashless, paperless, and fully digital banking experience in India. These units help provide banking services more efficiently, especially in rural and semi-urban areas, where access to traditional banks is limited. What is a Digital Banking Unit (DBU)? A Digital Banking Unit (DBU) is a specialized
IndusInd Bank’s shares have experienced a significant decline of approximately 36% recently, primarily due to the discovery of a $175 million discrepancy in its currency derivatives portfolio. This issue, dating back at least six years, has raised concerns about the bank’s financial reporting and internal controls. In response to this discrepancy, the bank has
The Indian stock market has experienced a notable recovery in March 2025. The Nifty 50 index has risen by 3.2% this month, marking a significant rebound after a five-month losing streak. Similarly, the BSE Sensex has shown positive momentum, opening over 400 points higher on March 20, 2025, with the Nifty50 crossing the 23,000 mark.
