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Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

Banking system’s ₹5 lakh cr plus surplus liquidity prompts RBI to announce drain out auction Fintech IPO plans hit pause as weak rupee, retail pullback weigh on timing Godrej Capital eyes ₹50,000 cr AUM in 2 years, to launch gold loans by June FIU-IND, SEBI sign MoU to strengthen anti-money laundering framework in India HDFC Bank chairman resignation not a sign of financial stability: InGovern HDBFS shares jump 12% post Q4 results, brokerages see steady growth ED arrests former ADAG executive Amitabh Jhunjhunwala in loan fraud case Q4 Results Highlights Today: Elecon Engineering PAT declines, ICICI Lombard net profit rises 7%, HDB Financial shares gain ahead of Q4 results today, Reliance Industrial Infra, GTPL Hathway, Tejas Networks to announce Q4 results today, ICICI Prudential Life, Anand Rathi Share rise Satin Growth Alternatives launches debut ₹200 cr fund Insurers need to make payouts quick and frictionless, says DFS Secretary C-D ratio of banks widens to 255 bps Non-life insurers’ premium income rises 9.2% to ₹3.35 lakh crore in FY26 RBI allows NBFCs, including gold loan companies, to open branches without prior approval Trump says he may fire Fed chair Jerome Powell if he does not step down RBI allows NBFCs to open branches without prior approval, eases norms LPL Financial opens Global Capability Centre in Hyderabad Shriram Finance subsidiary gets RBI nod to start primary dealer business NBFCs' reliance on bank borrowings to increase in FY27 on lower interest rates RBI holds talks with banks on ways to boost deposits Banks increase mark-up over repo-linked external benchmark loans to protect margins Paytm becomes majority Indian-owned and controlled company as domestic investors raise stake UPI clocks 228.5 billion transactions in 2025, driving India’s digital payments boom Kevin Warsh files financial disclosures, pledges divestment for Fed nomination Bitcoin climbs to 4-week high on hopes of US-Iran peace talks Gold loans register sharp growth to emerge India’s second-largest retail credit product: TransUnion CIBIL Poonawalla Fincorp mops up ₹2,500 cr via QIP RBI returns Ujjivan SFB’s application to transition to a universal bank LIC board approves 1-for-1 bonus issue BoB and Reliance Jio launch mobile banking app for feature phone users Net sales of non-financial pvt cos rise 11.4% in FY25: RBI data
Bank Holidays in May 2026: 12 days of closures—see full list
2026-04-30 · via Latest Money & Banking, Financial News Today - news | The HinduBusinessLine
SENSEX   76,776.24

 -720.12

NIFTY   23,937.80

 -239.85

CRUDEOIL   10,494.00

+ 368.00

GOLD   149,401.00

+ 351.00

SILVER   234,502.00

+ 1,302.00

SENSEX   76,776.24

 -720.12

NIFTY   23,937.80

 -239.85

NIFTY   23,937.80

 -239.85

CRUDEOIL   10,494.00

+ 368.00

CRUDEOIL   10,494.00

+ 368.00

GOLD   149,401.00

+ 351.00

Bank branches will observe multiple closures in May, with the holiday schedule varying from state to state based on regional festivals and local observances

Bank branches across India will observe multiple closures throughout May 2026, with the holiday schedule varying significantly from state to state based on regional festivals, local observances, and government notifications. The Reserve Bank of India (RBI) issues the official calendar, and with 13 scheduled holidays this month — including second and fourth Saturdays and all Sundays — customers are advised to plan branch visits, cheque submissions, and cash requirements well in advance. Digital banking services including UPI, net banking, and mobile apps, along with ATM access, will remain unaffected on all holidays.

DateDayHolidayStates / Cities Affected
May 1, 2026FridayMaharashtra Din / Buddha Pournima / May Day (Labour Day)Bengaluru Bhopal Chennai Dehradun Guwahati Hyderabad Kochi Kolkata Lucknow Mumbai Nagpur New Delhi Panaji Patna Raipur Ranchi Shimla Srinagar
May 3, 2026SundayWeekly off (Sunday)All states
May 9, 2026SaturdayBirthday of Rabindranath TagoreGangtok Kolkata
May 10, 2026SundayWeekly off (Sunday)All states
May 16, 2026SaturdaySikkim State Formation Day (State Day)Gangtok
May 17, 2026SundayWeekly off (Sunday)All states
May 23, 2026Saturday4th Saturday (weekly off)All states
May 24, 2026SundayWeekly off (Sunday)All states
May 26, 2026TuesdayBirthday of Kazi Nazrul IslamAhmedabad Chandigarh Jaipur Kohima Kolkata
May 27, 2026WednesdayEid-ul-Adha (Bakri Eid)Agartala Ahmedabad Aizawl Belapur Bengaluru Bhopal Chandigarh Chennai Dehradun Guwahati Hyderabad Imphal Jammu Kanpur Kochi New Delhi Panaji Patna Raipur Ranchi
May 28, 2026ThursdayEid-ul-Adha continuation (Bakri Eid)Jammu Srinagar
May 31, 2026SundayWeekly off (Sunday)All states

Customers in cities such as Kolkata and Gangtok should note that they face a higher number of closures this month due to additional state-specific observances. Those in Jammu and Srinagar will see consecutive branch closures on May 27 and 28 on account of Eid-ul-Adha. It is worth remembering that May 2 falls on a Saturday but banks will remain open, as only the second and fourth Saturdays are designated holidays under RBI rules. For time-sensitive transactions, using NEFT, RTGS, IMPS, or UPI is recommended to avoid delays — these services operate round the clock, including on all gazetted holidays.

Here is the list of other bank holidays in 2026.

Published on April 30, 2026

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