Union Budget 2026: Key Takeaways for Banking Sector
India’s Union Budget 2026, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, emphasizes financial sector reforms under the Viksit Bharat vision. It highlights the banking system’s strong balance sheets and profitability while announcing measures to enhance efficiency, inclusion, and growth. High-Level Banking Committee The budget proposes a high-level committee to review the banking…
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Dividend Declaration and Profit Remittance by Banks: RBI Norms for 2026
Applicability and coverage Core prudential eligibility conditions Before declaring any dividend or remitting profits, a bank must satisfy all of the following prudential conditions: Ceiling on payout and CET1‑linked matrix The Directions propose a graded matrix that caps the maximum dividend payout ratio at 75% of PAT, with the actual permissible percentage linked to…
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Name Change after Marriage? RBI’s KYC Relaxation under PML Rules Explained
Background: PML Rules and Name Change The Prevention of Money-laundering (Maintenance of Records) Rules, 2005 define what constitutes an officially valid document (OVD) for KYC purposes. To ease difficulties faced by individuals whose names change after marriage or otherwise, the Government notified the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2015 (G.S.R. 730(E)…
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Trend and Progress of Banking in India 2024-25: Key Highlights
The Reserve Bank of India (RBI) has released its annual publication, the Report on Trend and Progress of Banking in India 2024-25, under Section 36(2) of the Banking Regulation Act, 1949. This flagship report provides an extensive overview of the performance and resilience of India’s banking and financial system—covering scheduled commercial banks (SCBs), co-operative banks,…
Read articleState-wise and Union Territory-wise Bank Holidays in India – 2026
Bank holidays play a crucial role in the smooth functioning of banking operations, financial planning, and customer convenience. In India, bank holidays are notified under the provisions of the Negotiable Instruments Act, 1881, and vary across States and Union Territories depending on local festivals, regional observances, and government notifications. To help bankers, professionals, businesses, and…
Ladakh UT- Bank Holidays 2026
The Administration of Union Territory of Ladakh, through notification No.530-LA(GAD)of 2025 dated 14.11.2025 declared Bank holidays to be observed throughout the UT of Ladakh during the calendar year 2026 under section 25 of negotiable instruments act 1881 Sr.No Date Day Occasion/Festival Date 1 26.01.2026 Monday REPUBLIC DAY 2 16.02.2026 Wednesday MELA DOSMOCHEY (Leh District &…
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