List of Public Holidays for the year 2020 declared by Government of Mizoram Sr.No Date Day Occasion/Festival Date 1 01.01.2020 Wednesday New Year ‘s Day 2 02.01.2020 Thursday New Year’s Celebration 3 11.01.2020 Saturday Missionary Day 4 26.01.2020 Sunday Republic Day 5 20.02.2020 Thursday State Day 6 06.03.2020 Friday Chapchar Kut 7 10.3.2020 Tuesday Holi…
List of public holiday for the year 2020 declared by Government of Goa u/s 25 of NI Act Sr.No Date Day Occasion/Festival Date 1 26.01.2020 Sundayy REPUBLIC DAY 2 10.03.2020 Tuesday HOLI 3 25.03.2020 Wednesday GUDI PADVA/UGADI 4 01.04.2019 Wednesday YEARLY CLOSING OF BANK ACCOUNTS 4 06.04.2019 Saturday GUDI PADVA/UGADI 5 10.04.2020 Friday GOOD FRIDAY…
The Assam Government declared the following days to be public holidays for the year 2020 under the explanation of section 25 of NI Act 1881. Sr.No Date Day Occasion/Festival 1 15.01.2020 Wed MAGH BIHU 2 26.01.2020 Sunday REPUBLIC DAY 3 09.03.2020 Monday DOLI JATRA 4 13.3.2020, 14.3.2020 15.3.2020 Monday Tuesday Wednesday BOHAG BIHU * 01.04.2020…
The following holidays declared under section 25 of NI Act 1881 by the Government of Himachal Pradesh are applicable exclusively to the banks located within the State of Himachal Pradesh administration. Sr.No Date Day Occasion/Festival Date 1 26.01.2020 Sunday REPUBLIC DAY 2 22.02.2020 Friday MAHA SHIVRATRI 3 10.03.2020 Tuesday HOLI 4 01.04.2020 Wednesday Banks’ Annual…
Agriculture is back bone of Indian economy which provides employment and livelihood to a large section of the Indian population. As per ILO estimate of 2018, approximately 44% of the working population is employed in the agriculture and allied sector. The vast farming area, diverse agriculture and a large population dependent on agriculture and also…
[This writing provides insight of internal and external causes of rural indebtedness, challenges before banks and financial institution in rural areas, operation of formal and informal lending system in rural areas and discusses experts’ suggestion on facing high level of delinquency in lending to agriculture sector especially to small and marginal farmers, oral lessees, tenant…
On Friday (December 6), RBI announced that Asset Reconstruction Companies (ARCs) shall not acquire financial assets, from the following on a bilateral basis, whatever may be the consideration. The above restriction is applicable to the following types of ARCs where; a bank/ financial institution which is the sponsor of the ARC; a bank/ financial institution…
Pursuant to an announcement made in during February 2019 regarding the review of foreign exchange hedging facilities by non-residents and residents. RBI also issued the draft regulations for public comments proposing to replace the existing directions in Part A – Section I and II of the Master Direction on Risk Management and Interbank Dealing. The…
The Reserve Bank of India advised all the member banks that NEFT service shall be available 24×7 NEFT service including holidays from December 16, 2019, with the first settlement taking place after 00:30 hours on December 16, 2019 (i.e. night of December 15, 2019). The Central Bank advised all the member banks to initiate necessary…
RBI as per the guidelines provided under the Payment and Settlement Act, 2005 defined Prepaid Payment Instruments (PPIs) as instruments of payment that facilitate buying of goods and services, including the transfer of funds, financial service and remittances, against the value stored within or on the instrument. Reserve Bank of India in its Statement on…