IFCI shares experienced a notable surge of over 11% following the announcement by the National Stock Exchange (NSE) regarding the appointment of 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). This development has sparked interest among investors, reflecting confidence in the financial institution’s future prospects.

As a significant player in the financial sector, IFCI holds an indirect stake in the NSE through its subsidiary, the Stock Holding Corporation of India (SHCIL). IFCI possesses a majority stake of 52.86% in SHCIL, which in turn holds a 4.4% stake in the NSE. This interconnected ownership structure underscores IFCI’s influence within the market.

The NSE is currently valued at approximately Rs 5 lakh crore in the unlisted market, with SHCIL’s total stake in the exchange estimated to be worth more than Rs 22,000 crore. Such valuations indicate the substantial financial weight of the institutions involved and the potential impact of the IPO on the market landscape.

In a related development, the Life Insurance Corporation of India (LIC) stands as the single-largest shareholder in the NSE, holding a 10.72% stake. This positions LIC as a key player in the upcoming IPO, further emphasizing the importance of institutional investors in the financial ecosystem.

On March 16, 2026, IFCI responded to a query from the Bombay Stock Exchange (BSE) regarding a significant increase in trading volume of its shares. In its response, IFCI confirmed that there was no specific information or event affecting the price or volume behavior of its shares, addressing concerns raised by market analysts.

The inquiry referenced letter no. L/SURV/ONL/PV/SG/2025-2026/979, which highlights the regulatory scrutiny that accompanies significant market movements. IFCI’s transparency in addressing the BSE’s concerns reflects its commitment to maintaining investor confidence.

Established in 1948, IFCI operates from its headquarters at IFCI Tower in New Delhi. Over the years, it has evolved into a government-owned financial institution that provides financial assistance to corporations across various sectors, playing a crucial role in India’s economic development.

The response to the BSE was signed by Priyanka Sharma, Company Secretary & Compliance Officer, indicating the formal nature of the communication and the importance of regulatory compliance in the financial sector.

The post IFCI Share Price Surges Following NSE IPO Announcement appeared first on bangalinews.

The Reserve Bank of India (RBI) has published its holiday schedule for March 2026, indicating that customers can anticipate a minimum of 18 bank holidays throughout the month. This RBI holiday list is relevant for all banks across the nation, including the State Bank of India (SBI). Among the 18 bank holidays in March 2026 are the second Saturday, fourth Saturday, and every Sunday. Nevertheless, banks typically operate on the first, third, and fifth Saturdays of the month.

State-wise Bank Holidays

Schedule of Bank Holidays for March 2026: Complete Date-Wise Overview

What Are the Bank Closures for Holi in March 2026?

2nd March (Monday) – Holika Dahan – Financial institutions closed in Kanpur and Lucknow (Uttar Pradesh).

Cultural Celebrations in March

3 March (Tuesday) – Holi (Second Day) / Dol Jatra / Dhulandi / Holika Dahan / Attukal Pongala – Financial institutions will be closed in Belapur, Mumbai, and Nagpur (Maharashtra); Bhopal (Madhya Pradesh); Dehradun (Uttarakhand); Guwahati (Assam); Hyderabad (Telangana); Jaipur (Rajasthan); Kolkata (West Bengal); Lucknow (Uttar Pradesh); Panaji (Goa); Patna (Bihar); Ranchi (Jharkhand); Thiruvananthapuram (Kerala); and Vijayawada (Andhra Pradesh).

4 March (Wednesday) – Holi / Dhuleti – Financial institutions will be closed in Agartala (Tripura); Ahmedabad (Gujarat); Aizawl (Mizoram); Bhubaneshwar (Odisha); Chandigarh (Haryana/Punjab); Dehradun (Uttarakhand); Gangtok (Sikkim); Imphal (Manipur); Itanagar

Additional Bank Holiday Schedule for March 2026

RBI Holiday Schedule Overview

March 14th (Saturday) – Second Saturday – All banks will be closed across India.

On the 17th of March (Tuesday) – Shab-I-Qadr – financial institutions will be closed in Jammu and Srinagar.

March 19th (Thursday) – Gudhi Padwa/Ugadi Festival/Telugu New Year’s Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra – Financial institutions will be closed in Belapur-Mumbai and Nagpur (Maharashtra); Bengaluru (Karnataka); Chennai (Tamil Nadu); Hyderabad (Telangana); Imphal (Manipur); Panaji (Goa); Srinagar (Jammu & Kashmir); and Vijayawada (Andhra Pradesh).

Impact on Banking Services

March 20th (Friday) — Eid-Ul-Fitr (Ramzan) / Jumat-ul-Vida — Banks will be closed in Jammu and Srinagar (Jammu & Kashmir); Kochi and Thiruvananthapuram (Kerala); as well as Vijayawada (Andhra Pradesh).

March 21st (Saturday) — Ramzan-Id (Id-Ul-Fitr) (Shawal-1) / Khutub-E-Ramzan / Sarhul — Financial institutions will be closed in Agartala (Tripura); Ahmedabad (Gujarat); Aizawl (Mizoram); Belapur, Mumbai and Nagpur (Maharashtra); Bengaluru (Karnataka); Bhopal (Madhya Pradesh); Bhubaneswar (Odisha); Chandigarh; Chennai (Tamil Nadu); Dehradun (Uttarakhand); Gangtok (Sikkim); Guwahati (Assam); Hyderabad (Telangana); Imphal (Manipur); Itanagar.

On the 26th of March (Thursday), Shree Ram Navami will be observed, resulting in bank closures across various locations including Ahmedabad (Gujarat); Aizawl (Mizoram); Belapur, Mumbai, and Nagpur (Maharashtra); Chandigarh; Dehradun (Uttarakhand); Jaipur (Rajasthan); Kanpur and Lucknow (Uttar Pradesh); Kolkata (West Bengal); Ranchi (Jharkhand); and Shimla (Himachal Pradesh).

On the 27th of March (Friday) – Shree Ram Navami (Chaite Dasain) – financial institutions will be closed in Bhopal (Madhya Pradesh); Bhubaneswar (Odisha); Gangtok (Sikkim); Hyderabad (Telangana); Patna (Bihar); and Vijayawada (Andhra Pradesh).

March 28th (Saturday) – Fourth Saturday – All banks will be closed throughout India.

March 31st (Tuesday) – Mahavir Janmakalyanak/Mahavir Jayanti – Banks will be closed in Ahmedabad (Gujarat); Belapur, Mumbai, and Nagpur (Maharashtra); Bengaluru (Karnataka); Bhopal (Madhya Pradesh); Chennai (Tamil Nadu); and Jaipur.

Customers are advised to carefully organize their banking activities in March 2026, particularly during the bank holiday period, to facilitate seamless transactions and prevent any delays.

The post Bank holiday march 2026: Comprehensive Guide to Bank Holidays in India appeared first on bangalinews.