Bank holidays 2024 under NI Act: Gujarat State

Bank News

The Government of Gujarat state announced in its notification No.GS/27/2023/JSR/102023/930/GH dated 20.11.2023 declared the following days to be Public Holidays for the year 2022 under section 25 of NI act for banks in Gujarat. Sr.No Date Day Occasion/Festival Date 1 26.01.2024 Friday REPUBLIC DAY 2 08.03.2024 Friday MAHASHIVARATRI 3 25.03.2024 Monday HOLI 2ND DAY, DHULETI…

RBI permits Opening of additional Current Account in Indian Rupees for exports proceeds

Reserve Bank Functions and news, Uncategorized

The Reserve Bank of India (RBI) on Friday permitted banks to open additional current account for exports proceeds in addition to special rupee vostro accounts with a view to provide greater operational flexibility to exporters.In terms of this provision and in order to provide greater operational flexibility to the exporters, AD Category-I banks maintaining Special…