Bank Holidays in India/Gold Prices

May 23: Buddha Poornima – Bank holiday in states including Assam, Mizoram, Uttar Pradesh, Uttarakhand, West Bengal, Jammu and Kashmir, and Delhi.
May 26: Kazi Nazrul Islam Jayanti – Bank holiday in Tripura.
May 29: Maharana Pratap Jayanti – Bank holiday in Haryana, Himachal Pradesh, and Rajasthan.The Indian Express

Recent Trends: Gold prices have experienced a significant decline of around ₹5,000 per 10 grams compared to the previous week. Analysts attribute this drop to a cooling global trade environment and reduced demand for safe-haven assets like gold. Some experts suggest that prices may fall further to ₹88,000 per 10 grams in the near term, presenting a potential buying opportunity for investors. India TV News+1@EconomicTimes+1

South Indian Bank (SIB) – Financial Performance

Net Profit (FY 2024–25): ₹1,303 crore, marking a 19% increase year-on-year.
Operating Profit: ₹2,270 crore, up 21.55% from the previous year.
Gross NPA: Reduced to 4.40% from 4.96% year-on-year.
Net NPA: Decreased to 1.31% from 1.70% year-on-year.
Dividend: Declared a 40% dividend for shareholders. Business News This Week+4Business-News-Today.com+4APN News+4

ICICI Prudential Life Insurance – Latest Updates
As of May 17, 2025, there are no significant updates available regarding ICICI Prudential Life Insurance. For the most current information, it’s recommended to visit their official website or consult recent financial news sources.

Kotak Mahindra Bank
No major updates are available for Kotak Mahindra Bank as of May 17, 2025. For the latest news and financial performance, please refer to their official website or recent financial news outlets.

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