Tag Archives: some

Bank holidays: Three-day closure this week in some cities

NEW DELHI: All commercial banks in India will remain closed for 2-3 days this week due to bank holidays. According to the Reserve Bank of India (RBI) holiday calendar, banks were closed today on account of Bakri Id or Id-ul-Zuha. Again on Thursday, banks will be shut on account of Independence Day and Rakshabandhan festival. In most cities, banks will be open ... Read More »

Let some banks die: Subbarao

KOLKATA. AUGUST 23:   Duvvuri Subbarao, former Governor of the Reserve Bank of India, on Wednesday said consolidation of banks is necessary to strengthen the banking system, and the government should be bold enough to “let certain banks die” in the process. “Consolidation should be done keeping in mind the interest of minority shareholders and bring in greater autonomy for banks. ... Read More »

Top 14 stocks which some MFs added for the first in the month of May

Indian market rallied as much as 17 percent so far in the year 2017 led by consistent infusion of funds by mutual funds (MFs) even as foreign portfolio investors (FPIs) slowed down their buying. The domestic mutual funds pumped in over Rs 20,000 crore in the stock market during April-May, said a PTI report. The flows were largely concentrated around ... Read More »

Three big events could bring some volatility back into markets

Getty Images Traders work on the floor of the New York Stock Exchange. The record high stock market may be signaling it’s the best of times. But the bond market looks to be saying just the opposite: If it’s not the worst of times, it soon could be. Traders have been debating which one is right — the stock market ... Read More »