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Dipak Gupta became the new CEO of Kotak Mahindra Bank, RBI made MD-CEO for 2 months

The fourth-largest private sector bank, Kotak Mahindra, has a new boss. Dipak Gupta has been named the new Managing Director (MD) and Chief Executive Officer (CEO) of the bank by the Reserve Bank (RBI).

Dipak has been appointed only for two months in this interim position. Uday Kotak had left his position at the beginning of the month.

In a regulatory filing on Friday, Kotak Mahindra Bank stated that Dipak Gupta has been nominated by the RBI for a two-month term, commencing as of September 2. On September 1, four months before his term was set to expire, MD-CEO Uday Kotak announced his resignation. The last day of his term was December 31, 2023.

#RBI approves appointment of Dipak Gupta as interim MD & CEO of Kotak Mahindra Bank for 2 months#KotakMahindraBank pic.twitter.com/BSvcydhGVI
— CNBC-TV18 (@CNBCTV18Live) September 8, 2023

Customers can also withdraw money from this bank without ATM card

The customers of Bank of Baroda (BOB) have received some wonderful news. Money can also be withdrawn by customers without an ATM card. Customers can now use the UPI App to withdraw cash from ATMs.

Customers can use Bank of Baroda ATMs without a debit card to make cash withdrawals. Through UPI, you can also withdraw money. You must select the ‘UPI Cash Withdrawal’ option to do this at the Bank of Baroda ATM. A QR code will then appear on the ATM’s screen after this. You must enter the PIN after scanning the code. You then need to input the amount.

Customers will have the ability to withdraw money without a debit card thanks to the service provided by ICCW, according to the bank’s Chief Digital Officer Akhil Handa. A customer is permitted two transactions each day. This means that you can only use the service twice a day. More than Rs 5,000 can be withdrawn at once.

Currently Bank of Baroda has launched this feature across their ATMs

Things you should know 💡

You can make 2 transactions per day per account with a withdrawal limit of ₹5000/- Per Transaction
— Ravisutanjani (@Ravisutanjani) June 5, 2023

RBI advises banks to provide exchange of Rs 2,000 notes to the public in the usual manner

The Reserve Bank of India (RBI) on May 22 informed banks that the facility of exchanging 2,000 banknotes across the counter would continue to be provided the same way it was before.

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According to the central bank, banks should provide appropriate infrastructure at their branches, such as shaded waiting areas, drinking water facilities, etc., during the summer months.

The facility of exchange of Rs 2000 banknotes across the counter shall be provided to the public in the usual manner, that is, as was being provided earlier: Reserve Bank of India (RBI)

Exchange of the Rs 2000 banknotes into banknotes of other denominations can be made upto a… pic.twitter.com/HpbqEpiwie
— ANI (@ANI) May 22, 2023

Turmoil in the banking sector in America, now Signature Bank of New York is also closed

Bank sector upheaval is not abating in the United States. A second bank has been locked after Silicon Valley Bank (SVB).

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On Sunday, state officials also closed the New York-based Signature Bank. Due to the risk associated with the cryptocurrencies this bank had on hand, it was decided to keep this regional New York bank closed for some time. As a result, it was the third-largest banking failure in US history.

The closure of Silicon Valley Bank on Friday was followed by news of the demise of Signature Bank. Following the catastrophe at Washington Mutual during the 2008 recession, it was the second-largest banking collapse in US history.

New York's Signature Bank collapses, becomes 2nd US bank to be shut down

Read @ANI Story | https://t.co/OH2QZfWiZb #SignatureBank #SiliconValleyBank #SVB #FDIC pic.twitter.com/qpnPJ3vAPr
— ANI Digital (@ani_digital) March 13, 2023

Know how many days will be bank holidays in February, check here bank holiday list in February 2023

List of Holidays in February 2023: The month of January 2023 will end in about a week. Then February 2023 will start. It will be a 28-day month this time around, February. In this February month, there are several bank holidays, including Mahashivaratri, in addition to the Saturday and Sunday holidays.

The Reserve Bank of India has made public its list of bank holidays for the month of February (RBI). Banks will be closed for 10 days in various states throughout the month of February, according to the official website of the RBI.

If you have any critical banking work that is stalled this month, get it done right now. Let’s take a look at the Bank Holidays in February 2023.

February 2023 Bank Holidays:

5 February 2023 – All banks will be closed on Sunday.

11 February 2023- All banks will remain closed on the second Saturday.

12 February 2023- Banks throughout the country will be closed on Sunday.

15 February 2023 – On the occasion of Lui Ngai Ni, banks in Hyderabad will remain closed

February 18, 2023 – On the occasion of Mahashivaratri, banks will be closed in Bengaluru, Hyderabad, Kanpur, Lucknow, Mumbai, Nagpur, Raipur, Ranchi, Shimla, Thiruvananthapuram, Ahmedabad, Belapur.

19 February 2023- Due to Sunday, all banks will be closed.

February 20, 2023 – On the occasion of State Day, banks in Aizawl would stay closed.

February 21, 2023- On Losar, banks in Gangtok will be closed.

February 25, 2023- The fourth Saturday of the month will be a bank holiday.

February 26, 2023- Due to Sunday, all banks in the country will be closed.

Banks will have a total of 14 holidays in January, see the list of holidays here

Reserve Bank of India has published the list of bank holidays for January 2023. It would be preferable in this circumstance if you checked the Bank Holidays List before visiting the bank to inquire about the tasks still outstanding for January. January 2023 will see 14 days of bank closures, according to this list.

Out of the total 14 bank holidays on January, 5 are on Sundays, and 2 are on Saturdays. Numerous of these holidays will occur repeatedly.

These holidays are in various states, according to the list of bank holidays provided on the RBI’s official website. Not all states will recognize all of these holidays. Additionally, according to RBI regulations, banks are closed on the second and fourth Saturday of every month, besides Sundays.

January 1, 2023	All banks around the nation will be closed on Sunday.
2 January 2023	On Mizoram’s New Year’s holiday, banks will be closed.
11 January 2023	In Mizoram, all banks will be closed in celebration of Missionary Day.
12 January 2023	In West Bengal, there will be a bank holiday in honour of Swami Vivekananda Jayanti.
14 January 2023	All around the nation, banks will be closed on the second Saturday of the month.
15 January 2023	All around the nation, banks will be closed on Sunday.
16 January 2023	On the days of Uzhavar Thirunali and Kanuma Panduga, banks will be closed in Pondicherry, Tamil Nadu, and Andhra Pradesh.
22 January 2023	All banks around the nation will be closed on Sunday.
23 January 2023	In Assam, banks will be closed on Netaji Subhash Chandra Bose’s birthday.
25 January 2023	Due to Kingship Day, banks in Himachal Pradesh will be closed.
26 January 2023	Every bank in the nation will be closed on January 26 in celebration of Republic Day.
28 January 2023	The fourth Saturday of every month will be a holiday for banks.
29 January 2023	All banks around the nation will be closed on Sunday.
31 January 2023	On the day of Me-Dum-Me-Fee, Assam’s banks would be closed.

ICICI Bank increased interest rates on fixed deposits, this is the maximum interest rate

Bank interest rates have begun to rise as a result of the RBI’s hike in the repo rate. Along with an increase in loan interest rates, interest rates on bank savings have also begun to rise.

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The second-largest private sector bank in the nation, ICICI Bank, followed SBI and HDFC Bank in raising interest rates on fixed deposits, or FDs, from 0.25 percent to 0.50 percent.

The interest rates on Fixed Deposits under Rs 2 crore have risen at ICICI Bank. The bank raised the rate of interest on FDs that are older than 46 days.

In addition, the interest rate on FDs with terms longer than one year has been raised by 0.50 percent. The bank offers older people a maximum interest rate of 7.50%. The bank’s new rates went into effect on December 16th.

The repo has been raised by the RBI five times so far this year. In the bi-monthly monetary policy review on December 7, the central bank raised the repo rate by an additional 0.35 percent to 6.25 percent with the goal of lowering inflation.

Banks will be closed for 13 days in September, check the list of other holidays except for Sunday in September

Bank Holidays In September: The month of August will soon come to an end, and September is prepared to begin. For a number of days in September, banks will be closed. Start making plans right away if you have any significant job relating to the bank in September. If you don’t plan, you can run into issues. In accordance with the Reserve Bank of India’s timetable, make sure to check the calendar for any other closures in addition to the Sundays in September.

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Holidays will be according to different states

According to the Reserve Bank of India’s (RBI) calendar, there are a total of 8 bank holidays in September. There will be six further days off, including Saturday and Sunday. Banks will be closed 13 days a September month based on this schedule. These holidays could, however, differ from one state to another.

List of Holidays in September 2022

1st September	Ganesh Chaturthi (2nd day)
4th September	Sunday Holiday
6th September	Karma Puja
7th and 8th September	Onam
9th September	Indrajata
10th September	Shri Naravane Guru Jayanti / 2nd Saturday
11th September	Sunday Holiday
18th September	Sunday Holiday
21st September	Sri Narayana Guru Samadhi Diwas
24 September	Fourth Saturday
25 September	Sunday Holiday
26 September	Navratri Establishment

Banks will be closed for 8 days from today in the month of August, check the list of holidays before going to the bank

August Bank Holidays 2022: The process of holidays have already begun as soon as the nation’s festival season begins. You will need to pay whatever work you have due to banks the following week online. If you find yourself in such a predicament and need to visit a bank branch for work, make sure to first review the full list of holidays. Banks will now be closed for a total of 8 days in the remaining days of August. These consist of both weekly and festival-related holidays.

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As of today, August 13, the commencement of the bank holidays, The second Saturday of the month is today. On Sunday, August 14th, the bank will be closed. There will be a public holiday on August 15th. The bank will also be closed for a total of 5 days the following week. Every fiscal year, the Reserve Bank establishes a schedule of bank holidays. Every state might have a distinct policy. Three sorts of bank holidays are planned by the RBI. Bank account closing holidays and real-time gross settlement are included in this section.

August’s remaining bank holidays will take place on this date:

13 August	Second Saturday (weekly holiday)
14 August	Sunday (weekly holiday)
15 August	Independence Day
16 August	Parsi New Year (holiday in Mumbai and Nagpur)
18 August	Janmashtami (holiday across the country)
21 August	Sunday (weekly holiday)
28 August	Sunday (weekly holiday)
31 August	Ganesh Chaturthi (banks will remain closed in Gujarat, Maharashtra, Karnataka)

RBI has fixed the withdrawal limit of this bank, will not be able to withdraw more than 15,000, know what is the reason?

RBI Imposes Restrictions: A bank has set the withdrawal restriction after the Reserve Bank of India (RBI) fined various banks over the past few days. Raigad Sahakari Bank Limited of Mumbai has been subject to a variety of restrictions on behalf of the RBI. The decision to take this action by the central bank was made in light of the bank’s declining financial situation.

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15 thousand withdrawal limit

For customers of Raigad Co-operative Bank, the central bank has imposed a withdrawal cap of Rupees 15,000. After this strictness, the cooperative bank won’t be able to accept new deposits, make any investments, or grant loans without first receiving permission from the Reserve Bank.

The ban will continue for six months

Customers of the bank would not be able to withdraw more than Rs 15,000 from their savings and current accounts, according to a statement made by the Reserve Bank. The bank will be subject to these limitations for a period of six months. Raigad Co-operative Bank was given instructions, however, the Reserve Bank has made it clear that they do not intend to revoke their banking license.

Penalty was imposed on two big banks

Two large banks had previously faced penalties from the RBI for breaking the guidelines. According to the information provided by the RBI, Kotak Mahindra Bank and IndusInd Bank were each fined one crore rupees for failing to comply with regulatory requirements.