Bank Holiday 29 May 2025: Branches To Be Closed In THIS State Today Due To...
It must be noted that the banks will NOT be closed for all the days consecutively in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays. For instance banks will be closed for Birthday of Kazi Nazrul Islam in Agartala, but in other states it will NOT be closed for the same reason.
Bank Holidays In May 2025
Maharashtra Din/May Day (Labor Day: May ): May 1
Panchayat Election 2025: May 7
Birthday of Rabindranath Tagore: May 9
Buddha Pournima: May 12
State Day: May 16
Birthday of Kazi Nazrul Islam: May 26
Maharana Pratap Jayanti: May 29
Reserve Bank of India places its Holidays under three brackets --Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks' Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
17 minutes ago
- The Hindu
RBI allows transition to continuous clearing of cheques
The Reserve Bank of India (RBI) has decided on the transition of the Cheque Truncation System (CTS) from the current approach of batch processing to continuous clearing with settlement on realisation in two phases. Phase 1 will be implemented on October 4, 2025 and Phase 2 on January 3, 2026, the banking sector regulator said. All banks have been advised to make their customers adequately aware of the changes in the cheque clearing process. Banks have also been advised to be in readiness to participate in continuous clearing in CTS on the above dates. There will be a single presentation session from 10:00 AM to 4:00 PM and cheques received by the branches will be scanned and sent to the clearing house by the banks immediately and continuously during the presentation session. The clearing house will in turn release the cheque images to drawee banks on a continuous basis. The confirmation session will start at 10:00 AM and close at 7:00 PM and for every cheque presented, the drawee bank will generate either positive confirmation (for honoured cheques) or negative confirmation (for dishonoured cheques).
Time of India
17 minutes ago
- Time of India
Microfinance portfolio contracts further to Rs 3.59 lakh cr
India's microfinance market experienced a contraction, with the gross loan portfolio declining to Rs 3.59 lakh crore by June 2025. Lenders are prioritizing responsible lending and addressing overleveraging, leading to a decrease in borrowers with multiple lender associations. While early-stage delinquencies improved, later-stage stress remains a concern, indicating a shift towards quality-focused lending. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kolkata: The size of India's microfinance market contracted further to Rs 3.59 lakh crore at the end of June, down 5.8% quarter-on-quarter and 17% year-on-year as lenders remained circumspect over growing lending portfolio The active loan accounts fell to 13.2 crore from 15.93 crore, with the live customer base declining to 8 crore from 8.66 between June 2024 and June 2025. The data were compiled and shared by credit bureau Credit High Mark The sectoral gross loan portfolio started falling from the first quarter of FY25 after it reached a record high of Rs 4.43 lakh crore at the end of March 2024. It fell to Rs 4.32 lakh crore at the end of June moderation aligns with the Reserve Bank of India 's push for responsible lending, alongside guardrails from self-regulatory organisations to curb overleveraging, it the last few quarters, the issue of overlending has also been with four or more active lender associations fell sharply to 10% in June 2025, from 19.2% a year the last 12 months, about 60% of all loans were extended to existing customers with proven repayment histories. Loans above Rs 1 lakh increased in portfolio share to 8.3% as of June 2025 from 4.6% a year back, with 80% of it going to borrowers with a vintage of more than 24 credit bureau said that the portfolio performance has shown green shoots with early- and mid-stage delinquency levels (PAR 31–90) improved from 3.1% in December 2024 and 2.7% in March 2025 to 2.4% in June 2025, signalling strengthening repayment discipline . However, stress in later-stage buckets (PAR 180+ including write-offs) continued to rise, reaching 12.4% in June 2025 from 5.2% in June 2024, underscoring ongoing performance highlighted a shift towards quality-focused lending, said CRIF High Mark chairman Sachin Seth."Lenders prioritised established borrowers, reduced overleveraging, and adjusted ticket sizes in line with risk considerations. The data also highlights early improvements in portfolio quality , with mid-stage delinquencies showing some improvement over the past two quarters,' he said.
Economic Times
an hour ago
- Economic Times
Microfinance portfolio contracts further to Rs 3.59 lakh cr
Synopsis India's microfinance market experienced a contraction, with the gross loan portfolio declining to Rs 3.59 lakh crore by June 2025. Lenders are prioritizing responsible lending and addressing overleveraging, leading to a decrease in borrowers with multiple lender associations. While early-stage delinquencies improved, later-stage stress remains a concern, indicating a shift towards quality-focused lending. Agencies Representative image Kolkata: The size of India's microfinance market contracted further to Rs 3.59 lakh crore at the end of June, down 5.8% quarter-on-quarter and 17% year-on-year as lenders remained circumspect over growing lending portfolio. The active loan accounts fell to 13.2 crore from 15.93 crore, with the live customer base declining to 8 crore from 8.66 between June 2024 and June 2025. The data were compiled and shared by credit bureau Credit High Mark. The sectoral gross loan portfolio started falling from the first quarter of FY25 after it reached a record high of Rs 4.43 lakh crore at the end of March 2024. It fell to Rs 4.32 lakh crore at the end of June 2024. The moderation aligns with the Reserve Bank of India's push for responsible lending, alongside guardrails from self-regulatory organisations to curb overleveraging, it said. Over the last few quarters, the issue of overlending has also been addressed. Borrowers with four or more active lender associations fell sharply to 10% in June 2025, from 19.2% a year earlier. Over the last 12 months, about 60% of all loans were extended to existing customers with proven repayment histories. Loans above Rs 1 lakh increased in portfolio share to 8.3% as of June 2025 from 4.6% a year back, with 80% of it going to borrowers with a vintage of more than 24 months. The credit bureau said that the portfolio performance has shown green shoots with early- and mid-stage delinquency levels (PAR 31–90) improved from 3.1% in December 2024 and 2.7% in March 2025 to 2.4% in June 2025, signalling strengthening repayment discipline. However, stress in later-stage buckets (PAR 180+ including write-offs) continued to rise, reaching 12.4% in June 2025 from 5.2% in June 2024, underscoring ongoing challenges. The performance highlighted a shift towards quality-focused lending, said CRIF High Mark chairman Sachin Seth. "Lenders prioritised established borrowers, reduced overleveraging, and adjusted ticket sizes in line with risk considerations. The data also highlights early improvements in portfolio quality, with mid-stage delinquencies showing some improvement over the past two quarters,' he said.
