#reserve_bank_of_india

Our systems and oversight mechanisms robust: Mistry The CEO of a major financial institution reiterated that the organization’s systems and oversight mechanisms are robust, emphasizing the commitment to maintaining trust with stakeholders. Speaking during a recent address, Mistry highlighted that the management is actively engaging with major shareholders to address any lingering concerns. He assured that confidence in the institution would return over time, as the Reserve Bank of India (RBI) had clarified that there was “nothing serious and wrong in any manner whatsoever” regarding the bank’s operations. Mistry’s remarks came amid ongoing discussions about the institution’s transparency and accountability, particularly in light of recent market fluctuations and regulatory scrutiny. The CEO emphasized that the management’s focus remains on restoring stakeholder confidence through proactive communication and operational clarity. He also noted that the RBI’s reassurance played a critical role in alleviating doubts, as the central bank had explicitly stated that no material issues were present within the institution. The statement was part of a broader effort to stabilize investor sentiment, which had been affected by market volatility and speculation about the institution’s financial health. Mistry acknowledged that while challenges remain, the organization’s robust frameworks and adherence to regulatory standards would ensure continued stability. He also mentioned that the management was prepared to address any remaining concerns through direct engagement with shareholders and stakeholders. The RBI’s clarification was a key point in Mistry’s address, as it provided a clear endorsement of the institution’s compliance with regulatory requirements.#shareholders #reserve_bank_of_india #mistry #financial_institution #stakeholders

HDFC Bank's CEO Shashidhar Jagdishan Reveals Board Pressured Former Chairman Atanu Chakravarti to Reconsider Resignation HDFC Bank's chief executive officer and managing director Shashidhar Jagdishan disclosed that the bank's board had urged former chairman Atanu Chakravarti to reconsider his resignation and clarify his ethical concerns. Jagdishan stated that the board had requested Chakravarti to provide detailed explanations about the allegations in his resignation letter and to revise the language used. The board's discussions with the Reserve Bank of India (RBI) regarding the matter led to the appointment of Keki Mistri as interim chairman for three months. Chakravarti's resignation, which cited ethical issues, sparked widespread speculation about internal conflicts within the bank. Jagdishan confirmed that the board had repeatedly asked Chakravarti to clarify his claims but received no specific examples. The board members expressed surprise at the lack of transparency in Chakravarti's letter, which did not elaborate on the alleged misconduct. Mistri, who previously served as the managing director of HDFC, emphasized that the bank operates with transparency and integrity. He stated that if he had any doubts about the allegations, he would not have taken on the role. Mistri also mentioned that the board would convene a meeting within a month to discuss Jagdishan's reappointment and the selection of a new chairman, as Jagdishan's tenure was set to end in seven months. The board's response to Chakravarti's resignation highlighted the complexity of the situation. While some members suggested the dispute might involve personal matters, they declined to comment further. Free director M. D.#reserve_bank_of_india #hdfc_bank #shashidhar_jagdishan #atanu_chakravarti #keki_mistri

Axis Bank Share Price Rises Today Amid ₹1,500 Crore Investment in Axis Finance The share price of Axis Bank experienced a steady increase in the stock market today, driven by positive sentiment following a significant investment decision. The country’s third-largest private lender announced plans to infuse ₹1,500 crore into its consumer lending subsidiary, Axis Finance, signaling a strategic move to bolster its financial operations. On March 18, Axis Bank’s share price climbed, reflecting investor confidence in the bank’s long-term strategy. The broader banking sector remained resilient, with investors closely monitoring developments at major private banks. The market’s reaction underscores the importance of structural decisions in shaping stock performance. The key catalyst for the share price rise is the planned ₹1,500 crore investment in Axis Finance, a subsidiary that plays a central role in the bank’s lending ecosystem. This move is part of a sustained effort by Axis Bank to support its lending arm, which has been a focus of the bank’s growth strategy over the years. The infusion is expected to strengthen the subsidiary’s capacity to meet growing demand for consumer loans. The timing of the investment aligns with recent regulatory changes. In January, reports indicated that Axis Bank had reconsidered a potential stake sale in Axis Finance, following the Reserve Bank of India’s (RBI) relaxation of rules on overlapping business activities between banks and their subsidiaries. Previously, stricter norms had created uncertainty, but the eased regulations now allow banks greater flexibility. Axis Bank appears to be leveraging this regulatory environment to reinforce its existing structure.#stock_market #reserve_bank_of_india #axis_bank #axis_finance #consumer_lending

Atanu Chakraborty resigned as part-time chairman and independent director of HDFC Bank on March 18, 2026, citing ethical concerns over certain practices within the bank. In his resignation letter, he stated that the observed actions over the past two years “are not in congruence with my personal values and ethics,” which led to his decision to step down. He emphasized that there were no other material reasons for his resignation beyond those outlined in the letter. HDFC Bank confirmed in a regulatory filing that Chakraborty’s resignation was solely based on the reasons he provided. The bank also noted that it had applied for approval to appoint Keki Mistry as interim part-time chairman, which was granted by the Reserve Bank of India on the same day. Mistry will hold the position from March 19, 2026, for a three-month period. Chakraborty joined the bank’s board in May 2021, a tenure that coincided with significant developments, including the merger of HDFC Bank with HDFC Ltd. This merger created a financial conglomerate, positioning HDFC Bank as the second-largest bank in the country. In his resignation letter, Chakraborty acknowledged the strategic initiative but noted that “the benefits of the merger are yet to fully fructify.” The resignation comes amid ongoing discussions about governance and operational practices within the banking sector. Chakraborty’s departure marks a notable shift in leadership for HDFC Bank, which has been navigating challenges related to regulatory compliance and competitive pressures in the industry. The interim chairman’s role will be critical in maintaining stability during the transition period.#reserve_bank_of_india #hdfc_bank #atanu_chakraborty #keki_mistry #hdfc_ltd

Market Commentary for March 18th 2026 Markets showed a strong rebound following supportive global cues, but investors remained cautious as sentiment remained sensitive to developments in West Asia, fluctuations in crude oil prices, and the activity of foreign institutional investors (FIIs). A near-term relief rally persisted, though its sustainability hinged on de-escalation in geopolitical tensions and moderation in energy prices. The Nifty 50 index gained 0.8% over three consecutive sessions, crossing the 23,750 mark to close at 23,777, up 196 points. Broader indices also advanced, with the Midcap100 and Smallcap100 indices rising 2% and 1.6% respectively. The rally was driven by positive global signals, softer crude oil prices, and selective buying at lower levels. A decline in the India VIX suggested improving investor confidence and reduced near-term volatility. Gains were led by buying in information technology (IT) and automobile stocks, which rebounded on value buying after recent declines. The IT index had fallen 3.6% in March, while the auto index dropped 9.1% during the same period. IT stocks gained over 4% as concerns about AI disruption eased, while the auto index rose more than 2%. Strong auto registrations in March, showing double-digit growth across most segments, highlighted robust underlying demand in the sector. The Indian rupee weakened to a record low of Rs.92.6 against the US dollar, pressured by strong dollar demand from oil importers and foreign fund outflows. The Reserve Bank of India (RBI) intervened by selling dollars to curb excessive volatility. Depreciation pressures are expected to persist if crude oil prices remain elevated.#nifty_50 #reserve_bank_of_india #piyush_goyal #geojit_ventures #geopl_capital_ltd

Four-Day Bank Holiday Next Week: Check the Dates Now Banks across several Indian cities will remain closed for four consecutive days starting next week due to public holidays. The Reserve Bank of India (RBI) has released the annual bank holiday calendar, which outlines the specific dates and locations where banking services will be unavailable. Customers are advised to check the holiday schedule for their respective cities before planning visits to financial institutions. On March 17, banks in Jammu and Srinagar will be closed on Tuesday to commemorate Shab-e-Qadr, a significant Islamic observance. In other parts of the country, normal banking operations will continue as usual. The following day, March 19, will see closures in multiple cities including Belapur, Bengaluru, Chennai, Hyderabad, Imphal, Jammu, Srinagar, Mumbai, Nagpur, Panaji, and Vijayawada. This holiday is observed for several festivals such as Gudi Padwa (a traditional Marathi New Year), Ugadi Festival (Kannada New Year), Telugu New Year’s Day, Sajibu Nongmapanba (Cheiraoba, a Manipuri festival), and the first day of Navaratri. On March 20, banks in Jammu, Srinagar, Kochi, Thiruvananthapuram, Vijayawada, and other locations will remain closed to mark Eid-ul-Fitr, a major Islamic holiday celebrating the end of Ramadan. The final day of the four-day closure will be March 21, when banks across the country will be shut down to observe Ramadan-Eid, a festival marking the conclusion of the holy month of Ramadan. The RBI’s holiday schedule highlights the cultural and religious significance of these dates, which vary by region and community. Customers are encouraged to plan accordingly to avoid disruptions in banking services.#srinagar #bengaluru #reserve_bank_of_india #jammu #belapur

Government Likely to Restart IDBI Bank Privatisation Process from Scratch The Indian government is expected to begin the privatisation of IDBI Bank anew after the previous financial bids failed to meet the reserve price, leading to the cancellation of the earlier process. A panel of ministers overseeing the divestment will review the situation and decide on a fresh approach, according to officials familiar with the matter. The decision comes after the bids submitted by potential investors fell short of the set reserve price, prompting the government to reconsider the privatisation strategy. The privatisation process, which had been ongoing for nearly five years, is now set to start from the beginning. Officials noted that the government will examine the entire process, including the methodology used to determine the reserve price. Concerns were raised about the reliance on stock prices to fix the reserve price, particularly for banks with a limited public float, which made them vulnerable to market manipulation. The previous reserve price for IDBI Bank was based on its stock price, which had surged to a 52-week high of ₹118.38 before the bidding process began. The government currently holds a 45.48% stake in IDBI Bank, while the state-run Life Insurance Corporation of India (LIC) owns 49.24%. The remaining 5% is held by the public. Since the financial bids were scrapped, the bank’s stock price has dropped by approximately 19%, closing at ₹74.28 on the National Stock Exchange. This decline has brought the stock close to its 52-week low of ₹72, which was recorded on April 7, 2025. The government’s decision to restart the process is seen as a way to address the shortcomings of the previous attempt.#indian_government #reserve_bank_of_india #idbi_bank #life_insurance_corporation_of_india #competition_commission_of_india

Indian Markets Likely to Open Positive Amid Global Gains and Regional Tensions Indian equity markets are expected to open on a positive note on Wednesday, driven by gains in global markets. Traders are likely to adopt a cautious wait-and-watch approach ahead of the US Federal Reserve’s policy decision later in the day. However, some uncertainty may persist due to ongoing foreign investor outflows and the escalating Iran-Israel-US conflict. Key factors influencing the market include discussions between India and the European Union on energy security amid the West Asia crisis. External Affairs Minister S Jaishankar addressed these concerns during high-level talks in Brussels with EU member states. The Reserve Bank of India (RBI) also injected Rs 48,014 crore into the banking system through a seven-day variable rate repo (VRR) auction, providing temporary liquidity. Finance Minister Nirmala Sitharaman announced plans to ramp up domestic LPG production to ensure uninterrupted cooking gas supply to households during the ongoing crisis. Meanwhile, the Ministry of Electronics and IT (MeitY) projected that India’s digital economy will account for 20% of the country’s GDP by 2030, growing at twice the rate of the broader economy. The sugar sector remains under close scrutiny, with industry body ISMA reporting India’s sugar production at 26.21 million tonnes for the 2025-26 marketing year, a 10.5% increase from the previous year. Globally, US markets closed higher on Tuesday as oil prices rebounded amid the Iran conflict, with investors focusing on the Fed’s upcoming decision. Asian markets followed Wall Street’s positive trend, trading mostly in the green. Domestically, Indian equity benchmarks ended higher for the second consecutive day on Tuesday, with the BSE Sensex rising 0.75% to 76,070.#india #reserve_bank_of_india #s_jaishankar #eu #us_federal_reserve

IDBI Bank Share Price Down 35%: What Triggered Crash, Should Account-Holders Worry Shares of IDBI Bank have plummeted nearly 35% in recent weeks, sparking concerns among investors. The sharp decline has wiped out over Rs 18,500 crore in market value, with the stock falling close to its 52-week low of Rs 72.04. The sell-off has raised questions about the bank’s future, but experts emphasize that depositors need not worry about the financial stability of the institution. The primary driver of the market turmoil is uncertainty surrounding the bank’s privatisation plans. The government and Life Insurance Corporation of India (LIC) had previously aimed to sell a majority stake in the bank, a move seen as a potential turning point for its financial health. However, recent reports suggest the sale may be scrapped after bids fell below expected levels. This has led to a shift in investor sentiment, with many pulling back from the stock. The lack of aggressive bids from potential buyers highlights broader concerns. Investors are wary of the bank’s management structure post-acquisition, as well as its legacy issues from its public sector past. High employee costs, rigid structures, and regulatory uncertainties have further dampened confidence. While the government anticipated a better valuation, the gap between expectations and reality stalled the process. Despite the drop in valuations, the bank’s fundamentals remain relatively stable. It has returned to profitability, reduced bad loans significantly, and received capital support in the past. The government and LIC continue to provide backing, and the bank’s balance sheet shows no signs of weakening.#reserve_bank_of_india #idbi_bank #life_insurance_corporation_of_india #government_of_india #deposit_insurance_and_credit_guarantee_corporation

Bandhan Bank Promoter Plans Stake Sale Amid RBI Rule, Investor Exit Needs Bandhan Bank's promoter, Bandhan Financial Services, is reportedly hiring Jefferies to explore a stake sale or initial public offering (IPO), aiming to provide exits for long-term investors like the International Finance Corporation (IFC) and GIC Ventures. This move is also intended to comply with a regulatory requirement mandating a reduction of promoter stake to 26% by 2030. The announcement triggered a sharp decline in the bank's stock price, despite recent gains. Concerns over its high valuation, declining current account savings (CASA) ratio, and challenges in management succession have complicated its path forward. The stock price plummeted to its lower circuit limit on Monday following reports that Bandhan Financial Services, which currently holds about 39.74% of Bandhan Bank, is considering significant stake sales or an IPO. These actions are driven by two primary goals: facilitating exits for long-term investors and adhering to the Reserve Bank of India's (RBI) directive to reduce promoter ownership. Global investment bank Jefferies has been engaged to assess investor interest, signaling a serious intent to pursue these options. Any large-scale stake sale or IPO could significantly alter the bank's ownership structure and valuation. Despite a roughly 30% rise in the bank's stock price over the past year, investor concerns about potential dilution and the immediate impact of restructuring have led to the steep decline. Bandhan Bank's net profit for the third quarter of fiscal year 2026 fell 51.79% year-on-year to ₹205.59 crore, though it showed an 83.78% sequential recovery. This mixed financial performance, combined with a declining CASA ratio of 27.#reserve_bank_of_india #jefferies #international_finance_corporation #bandhan_bank #bandhan_financial_services

IDBI Bank share price tumbles 14% as strategic sale likely scrapped; what we know so far Shares of IDBI Bank plummeted by 14% in early trading on March 16, 2026, hitting a low of ₹79.25 per share on the National Stock Exchange. The sharp decline followed reports that the strategic sale of the bank’s 60.72% stake, which had been under consideration since October 2022, may be scrapped. The financial bids submitted by potential buyers were reportedly below the reserve price set by the inter-ministerial group overseeing the disinvestment process. The government and Life Insurance Corporation of India (LIC) had jointly sought to sell 60.72% of IDBI Bank, with the government aiming to divest 30.48% and LIC 30.24%. An Expression of Interest (EoI) was floated in October 2022, and bids were received by February 6, 2026. However, the bids fell short of the reserve price, leading to the cancellation of the sale. Prem Watsa’s Fairfax Group and Emirates NBD were among the bidders, but their offers did not meet the required threshold. Currently, the government and LIC collectively hold 94.71% of IDBI Bank, with the government owning 45.48% and LIC holding 49.24%. The proposed sale would have reduced their combined stake to 33.99%. The disinvestment plan was part of broader efforts to reduce public sector stakes in banks and improve financial efficiency. The strategic sale process began in October 2022, with the government and LIC inviting bids for the 60.72% stake. In January 2023, the government announced it had received multiple preliminary bids, which were then evaluated for security clearance by the Ministry of Home Affairs and a "Fit and Proper" assessment by the Reserve Bank of India (RBI). Shortlisted bidders underwent due diligence before finalizing their offers.#reserve_bank_of_india #idbi_bank #life_insurance_corporation_of_india #fairfax_group #emirates_nbd

Right time to buy HDFC Bank, ICICI Bank shares? Here’s why CLSA is bullish on both bank stocks Brokerage firm CLSA has expressed confidence in the long-term prospects of HDFC Bank and ICICI Bank, suggesting both stocks could deliver over 25 per cent returns in the next 12 months. The firm has retained its ‘Accumulate’ rating on the two private sector lenders, citing an improving banking sector outlook, attractive valuations, and potential growth catalysts. Despite recent declines in their share prices, CLSA believes investor concerns about the banks are likely to ease as the sector’s fundamentals strengthen. For HDFC Bank, CLSA has set a target price of Rs 1,200, which is 41 per cent higher than its current market price of Rs 849. The brokerage argues that the bank’s core pre-provision operating profit (PPOP) is expected to grow at a compound annual rate of 18 per cent between fiscal years 2026 and 2028, outpacing the 12 per cent growth seen between 2024 and 2026. This stronger earnings trajectory, combined with an attractive valuation, could lead to a re-rating of the stock. Currently, HDFC Bank trades at about 1.8 times its price-to-book ratio and 13 times its price-to-earnings ratio on a one-year forward basis. The stock has faced a 15.59 per cent decline in 2026 so far, with a 9.76 per cent drop in the past month. However, its five-year performance shows a 7.55 per cent gain, indicating resilience over the long term. CLSA also notes that concerns about the bank’s loan-to-deposit ratio (LDR) have been over-analyzed, as the Reserve Bank of India has shifted focus away from this metric. The brokerage believes the market’s perception of HDFC Bank is likely to change as the sector’s recovery gains momentum. ICICI Bank’s potential is highlighted by CLSA’s target price of Rs 1,700, which represents a 29.#icici_bank #reserve_bank_of_india #banking_sector #hdfc_bank #clsa

The recent geopolitical tensions between Iran, the U.S., and Israel have significantly impacted India's economy, affecting the stock market, currency, and oil prices. Here's a breakdown of the situation: Stock Market Decline (Sensex) Drop: The Sensex fell by 1,353 points, closing at 77,566, reflecting investor anxiety over global instability. Reasons: Oil Price Volatility: Rising crude oil prices (due to geopolitical risks) increase input costs for Indian industries, squeezing corporate profits. Currency Pressure: A weaker rupee (see below) raises import costs, further burdening businesses. Global Uncertainty: Market participants fear prolonged conflicts could disrupt supply chains and global trade. Rupee Depreciation Record Low: The rupee hit 92.33 against the U.S. dollar, its lowest level ever. Drivers: Oil Imports: India imports ~80% of its oil, and higher global prices (see below) strain the current account deficit. U.S. Dollar Strength: Geopolitical tensions have bolstered the dollar, making the rupee less competitive. Inflationary Pressures: A weaker rupee raises import costs, exacerbating inflation and reducing consumer spending power. Crude Oil Prices Surge Current Price: Crude oil prices have exceeded $115 per barrel, with experts predicting they could rise to $150. Impact on India: Cost of Living: Higher fuel prices increase transportation and production costs, pushing up inflation. Trade Deficit: India’s reliance on oil imports means higher prices worsen the trade deficit, further pressuring the rupee. Energy Sector: Domestic energy prices (like diesel and petrol) are likely to rise, affecting households and industries. Broader Economic Implications Inflation: Rising oil prices and a weaker rupee could push inflation above the Reserve Bank of India’s (RBI) target, prompting interest rate hikes.#us #iran #israel #sensex #reserve_bank_of_india

IDFC First Bank, Vedanta, IRCON Share Price Declines Amid Overall Market Weakness Indian markets faced selling pressure today as major stocks like IDFC First Bank, Tata Steel, Tata Motors, Grasim Industries, HDFC Life, Bajaj Finance, IRCON, and Vedanta fell sharply. The overall sentiment was negative from the start of the trading session, though US markets closed positive, suggesting a potential recovery in Indian markets tomorrow. Technical analysis for IDFC First Bank, Vedanta, and IRCON was reviewed by TopNews Team for short-term investors and traders. IDFC First Bank: Fraud Disclosure Sparks Sharp Selloff and Governance Debate A suspected Rs 590 crore fraud linked to government-related accounts has become the primary driver of investor sentiment for IDFC First Bank. The disclosure triggered a steep decline in the bank’s share price, underscoring how governance issues can overshadow fundamental performance in the short term. Reports indicated the stock dropped nearly 20% immediately after the announcement, reflecting investor concerns about internal controls and operational oversight. The alleged irregularity reportedly originated at the bank’s Chandigarh branch, involving government-linked accounts. Management responded swiftly by informing the Reserve Bank of India (RBI) and initiating a forensic audit by KPMG, while suspending staff associated with the accounts. Investors are now focusing on three key questions: whether the issue is isolated to a single branch or indicates a broader operational problem, the likelihood and timeline for recovering losses through insurance claims or inter-bank settlements, and the potential damage to institutional confidence, particularly among government entities.#reserve_bank_of_india #idfc_first_bank #vedanta #ircon #kpmg

Us Iran War Impact On Stock Market: Rs 11 lakh crore wiped out! How US-Israel-Iran war is hitting stock market investors hard Indian stock markets have suffered a significant decline amid escalating tensions between Iran and the US-Israel alliance, with over Rs 11 lakh crore in value erased from the benchmark indices. The Sensex and Nifty 50 indices fell more than 2.5% over two consecutive trading days, with the Sensex dropping below the 81,000 level for the first time in over a month. The Nifty 50 also slid sharply, losing over 300 points and falling below the critical 25,000 support level. The market turmoil followed Iran’s response to Israeli and US strikes that killed its supreme leader, Ayatollah Ali Khamenei, sparking renewed geopolitical uncertainty. Market experts warn of continued volatility as tensions between Iran and the Israel-US alliance intensify without diplomatic resolution. Analysts note that the steep rise in the India VIX, which climbed over 25% to 17.13, reflects heightened investor anxiety and risk aversion. Gold futures surged on the MCX exchange as demand for safe-haven assets increased, while elevated crude oil prices pose a fiscal challenge. The Reserve Bank of India (RBI) is expected to retain flexibility in managing monetary policy, and domestic consumption remains resilient despite the turmoil. The impact of the conflict extends beyond equity markets, with concerns about oil price spikes and disruptions to export-dependent sectors. Tanvi Kanchan of Anand Rathi Share & Stock Brokers emphasized that while short-term volatility is likely, India’s long-term economic fundamentals remain strong. Net GST collections in January 2026 reached Rs 1.71 lakh crore, and earnings recovery is anticipated in FY27.#reserve_bank_of_india #us_israel_iran_war #tanvi_kanchan #naval_kagalwala #ajit_mishra

Holi 2026: What’s Open And What’s Closed – Banks, Schools, Offices And Stock Market Holi 2026 is set to be celebrated across India with vibrant festivities, but the holiday schedule varies by state, affecting the operations of banks, schools, offices, and stock markets. In many regions, the festival will be observed on March 4, with Holika Dahan falling on March 2. The exact closure dates for institutions depend on local government notifications, as some states have declared Holi a gazetted holiday under the Negotiable Instruments Act. Schools across the country are expected to close for one or two days during the festival. In states like Bihar, Jharkhand, Haryana, Uttar Pradesh, and Delhi NCR, schools and offices will observe a restricted holiday on March 3 and a public holiday on March 4. Rajasthan typically declares a full public holiday on Holi, while Punjab schools will remain closed on March 4. In Maharashtra, schools in major cities such as Mumbai and Pune are confirmed to be closed on Dhulandi, the main day of celebration. Southern states may adjust schedules due to overlapping regional festivals like Attukal Pongala, with some schools potentially closed on March 3. Parents and students are advised to check official school communications for private institution updates. Banks will follow guidelines from the Reserve Bank of India (RBI), with closures varying by state. In Uttar Pradesh, banks will be closed on March 2 (Holika Dahan) and March 4 (Holi). On March 3, banks in Maharashtra, Madhya Pradesh, Uttarakhand, Assam, Telangana, Rajasthan, West Bengal, Goa, Bihar, Jharkhand, Kerala, and Andhra Pradesh will remain closed for Holi, Dol Jatra, or Dhulandi.#national_stock_exchange #bombay_stock_exchange #reserve_bank_of_india #holi_2026 #attukal_pongala

Bank Holiday: Holi Celebrations and Banking Operations Updated Mar 2, 2026, 12:45 IST Official announcements have been made regarding the working hours of banks and government offices during the Holi festival. Clear information has been provided by relevant departments about which days will be closed. Specifically, the Reserve Bank of India has released the dates for bank holidays, and operations will not take place on those days. Citizens are urged to plan their activities in advance. The article highlights the schedule for banking operations on March 3 and 4, 2026, clarifying whether banks will remain open or closed during the festive period. It emphasizes the importance of adhering to the official dates to avoid disruptions in financial transactions. The Reserve Bank’s announcement serves as the primary reference for determining the holiday schedule, ensuring consistency across all banking institutions. The piece also underscores the need for individuals to coordinate their schedules accordingly, particularly for those relying on banking services during the holiday. It does not delve into other unrelated topics such as crime, infrastructure rules, or weather forecasts, which appear to be part of the website’s sidebar or promotional content. The focus remains on the banking holiday announcement, with no additional commentary or analysis beyond the factual details provided.#holi_festival #reserve_bank_of_india #financial_transactions #banking_operations #government_offices