Union Bank of India-Financial Highlights as of 31 March 2025
Union Bank of India closed FY25 with strong profitability, improved asset quality, and higher capital buffers, alongside steady business growth as of 31 March 2025. Profitability Business growth RAM segment momentum Asset quality Capital and coverage Dividend and shareholder returns Additional data points for context Quick snapshot (as of 31 Mar 2025) What to…
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Canara Bank – Financial Highlights as of 31 March 2025
Canara Bank closed FY2024-25 with double-digit business growth, strong profitability, improved asset quality, and a higher dividend, underscoring a strengthened balance sheet and sustained operating momentum as of 31 March 2025. Growth momentum Earnings and profitability Asset quality Capital and resilience Retail and RAM franchise Dividend and shareholder returns Priority sector achievements Network and…
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Goa State 2026 Bank Holidays
“Under the explanation to Section 25 of the Negotiable Instruments Act, 1881 (Central Act 26 of 1881) read with the Notification of the Government of India, Ministry of Home Affairs No. 20/25/56/Pub-1 dated 8th June, 1957, the Government of Goa in its Notification Series II no 28 dated 9th October 2025, declared bank holidays as…
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New RBI Guidelines on Nomination Facility in Bank Accounts and Lockers (Effective November 1, 2025)
The Reserve Bank of India (RBI) has issued new guidelines titled “Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025.” These guidelines aim to make it easier for family members or legal heirs to claim money or valuables from banks in…
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Why the “Transit Period” in Export Is Often Misunderstood
The “transit period” in export finance refers to the banking time between the date an export bill is negotiated/purchased/discounted by the bank and the date the bill proceeds are received in the bank’s Nostro account, not the shipping time taken by goods to reach the overseas buyer. This period is termed the Normal Transit Period…
Understanding the “Cooling Period” in the Collection of Foreign Currency Cheques
Introduction In international banking, the collection of foreign currency cheques involves multiple jurisdictions, correspondent relationships, and operational risks. One of the most critical operational controls in this process is the “cooling period” — the waiting interval a bank observes after receiving provisional credit in its Nostro account before releasing funds to the customer. This period…
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