Daily Archives: June 27, 2023

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Change in Public Holiday under Negotiable Instrument Act – June 28 is working day

Bank NewsBy Surendra Naik June 27, 2023

RBI issued a press release today stating that the Government of Maharashtra has declared June 29, 2023, as a public holiday under Section 25 of the Negotiable Instruments Act, of 1881. The Maharashtra Government declared a public holiday on June 28, 2023, earlier, that has been now canceled. Settlement of the auction of state government…

RBI imposes monetary penalty on TransUnion CIBIL Limited, Mumbai

Reserve Bank Functions and newsBy Surendra Naik June 27, 2023

The Reserve Bank of India (RBI) on Monday (June 26, 2023), imposed a monetary penalty of ₹26 lakh (Rupees Twenty-six lakh only) on TransUnion CIBIL Limited, Mumbai (the company) for non-compliance with certain provisions of the Credit Information Companies (Regulation) Act, 2005. “This action is based on the deficiencies in regulatory compliance and is not…