Bank holidays 2022 under NI Act: Assam State

The Government of Assam declared following holidays for the year 2022 under section 25 of NI Act 1881. These holidays are applicable exclusively to the banks located within the State of Assam administration Sr.No Date Day Occasion/Festival Date 1 15.01.2022 Saturday MAGH BIHU 2 26.01.2022 Wednesday REPUBLIC DAY 3 18.03.2022 Friday DOL JATRA 4 01.04.2022…

RBI permits Banks for capital infusion/ transfers to the overseas centers without its prior approval

All Scheduled Commercial Banks other than foreign banks, Small Finance Banks, Payment Banks, and Regional Rural Banks incorporated in India who have met regulatory capital requirement (including regulatory buffer) are permitted to infuse capital in overseas branches and subsidiaries and retention/ repatriation/ transfer of profits in these centres by banks incorporated in India. Banks that…

Bank Holidays 2022 under NI Act: Manipur

The Government of Manipur declared the following days of the year 2022 as public holidays under section 25 of the Negotiable Instrument Act 1881 Sr.No Date Day Occasion/Festival Date 1 01.01.2022 Saturday NEW YEAR DAY 2 14.01.2022 Friday IMOMU IRATPA 3 15.01.2022 Saturday GAAN –NGAI-NI 4 26.01.2022 Wednesday REPUBLIC DAY 5 15.02.2022 Tuesday LUI-NGAI-NI 6…

Bank Holidays 2022 under NI Act: Himachal Pradesh

The Government of Himachal Pradesh declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 01.03.2022 Tuesday MAHA SHIVRATRI 3 18.03.2022 Friday HOLI * 01.04.2022 Friday Banks’ Annual closing of  Account(holiday applicable to…

Transaction Limit in UPI enhanced to Rs 5 lakh for specified categories.

In the Statement on Developmental and Regulatory Policies on December 8, 2021, the Reserve Bank of India announced an increase in UPI Transaction Limit for Specified Categories.The statement said that ‘Reserve Bank has been making efforts to facilitate greater participation of retail customers in financial markets, e.g. investment in the G-secs segment through the recent…

Bank Holidays 2022 under NI act: Maharashtra State

The Government of Maharashtra declared the following days as holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 19.02.2022 Saturday CHATRAPATI SHIVAJI MAHARAJ JAYANTI 3 01.03.2022 Tuesday MAHASHIVARATRI 4 18.03.2022 Friday HOLI 2nd Day * 01.04.2022 Friday Annual…

Bank holidays 2022 under NI acts: Andhra Pradesh State

The Government of Andhra Pradesh declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No. Date Day Occasion/Festival 1 15.01.2022 Saturday SANKRANTI/PONGAL 2 26.01.2022 Wednesday REPUBLIC  DAY 3 01.03.2022 Tuesday MAHASHIVARATRI 4 01.04.2022 Friday Annual closing of bank accounts (Holiday applicable only to…