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Saturday bank holiday: Has government declared all Saturdays as holidays for SBI and other public sector banks? PIB says this

A fraudulent gazette notification has been making the rounds, erroneously stating that every Saturday has been declared a public holiday for public sector banks. The Press Information Bureau has clarified that these claims are baseless and not sanctioned by the Ministry of Finance. According to the Reserve Bank of India,…

The Economic Times · 14h ago

PPF interest rate October- December 2026: Has Public Provident Fund interest rate hiked for this quarter?

The Ministry of Finance has reviewed interest rates for small savings schemes including the Public Provident. The rates will stay the same as those from the previous quarter. PPF accounts have a maturity period of 15 years and offer tax-free returns after five years.

The Economic Times · 16h ago

DA hike for central government employees: Can Finance Ministry announce dearness allowance this week? Experts weigh in

DA hike: Central government employees are eagerly awaiting news of a potential 63% DA hike, with insiders suggesting the announcement could arrive within the week. Historically, these announcements align with major festivals like Dussehra, giving them additional significance. The DA is usually calculated from the average All India Consumer Price…

The Economic Times · Sep 28

Global Market: China state insurers, banks to raise up to $54 billion to bolster capital

China’s Ministry of Finance will inject up to $10.4 billion into five state-owned insurers as part of a broader plan to strengthen financial stability. The recapitalisation comes as tighter solvency rules and falling bond yields pressure insurers, while Beijing encourages greater equity investments. Analysts expect a measured, rather than aggressive,…

The Economic Times · Sep 11

China prepares £40bn stimulus for financial sector amid fears over sluggish growth

Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reserves

The Guardian - UK · Sep 6

Nirmala Sitharaman, IMF chief discuss India’s growth trajectory, global economic outlook

Finance Minister Nirmala Sitharaman met IMF Managing Director Kristalina Georgieva in Asheville. Georgieva acknowledged India's strong economic performance and evolving growth trajectory. Sitharaman also met World Bank President Ajay Banga and EU Commissioner Valdis Dombrovskis. Discussions focused on deepening economic partnerships and investments. Both leaders emphasized continued engagement for global…

The Economic Times · Sep 2

Nirmala Sitharaman meets Mondelez, Hyatt executives in Chicago to deepen India presence

Finance Minister Nirmala Sitharaman met with Mondelez International and Hyatt executives in Chicago. Discussions focused on expanding their investments and operations within India. The meetings highlighted opportunities for increased manufacturing, sourcing, and services. Sitharaman emphasized India's skilled talent and improving business environment.

The Economic Times · Aug 29

Regional Rural Banks post all-time high net profit of Rs 10,176 crore in FY25-26; total business crosses Rs 13.5 lakh crore

Regional Rural Banks (RRBs) reported a record consolidated net profit of ₹10,176 crore in FY26, up from ₹6,820 crore a year earlier, while their total business crossed ₹13.5 lakh crore, the Finance Ministry said.

The Economic Times · Aug 25

JSCCIB Joins Forces with Public Sector and World Bank

BANGKOK, THAILAND – August 17, 2026 — The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), comprising the Thai Bankers’ Association, the Board of Trade of Thailand and the Federation of Thai Industries, in collaboration with the Ministry of Finance, the Bank of Thailand, the National Economic and Social…

Bangkok Post · Aug 18

World’s 2nd-richest country to give 2.4 million citizens up to S$600 in September 2026 as cost-of-living support: Check who qualifies

The world’s second-richest country Singapore is set to give more than 2.4 million adult citizens up to S$600 in September 2026 under an enhanced cost-of-living support scheme. Eligible citizens will automatically receive the Enhanced B2026 COL Special Payment. Here’s who qualifies, how much they can receive and when the payment…

The Economic Times · Aug 14