banking reform Archives - Bharat Pulse News

India Simplifies Process to Reclaim ₹78,000 Crore Deposits

By BPN News Desk March 25, 2025

Business Finance

In a significant move to make banking more accessible and transparent, Indian banks will soon roll out a standardized process to help account holders and their legal heirs reclaim unclaimed deposits worth over ₹78,000 crore. The initiative introduces uniform application and declaration forms,

National

Finance Ministry Set to Approve 5-Day Banking Week, Banks to Close on Saturdays

By BPN News Desk October 30, 2024

The Indian banking sector is set to undergo a significant change as the Finance Ministry is expected to approve a 5-day banking week, with banks closed on both Saturdays and Sundays. This move follows an agreement reached between the Indian Banks’ Association (IBA) and bank employee unions, with a proposal to slightly extend daily working […]