The financial position of commercial banks in India has stayed robust, marked by the sustained expansion in loans and deposits, while their gross bad loan ratio has dropped to multi-year lows, a central bank report showed on Thursday (26.12.2024). Banks have also cleaned up their balance sheets in recent years by selling bad loans to…
The Lieutenant Governor, Puducherry vide G.O.Ms.No.88 Puducherry, dated 25.11.2024 declared under mentioned days as Bank holidays, by the explanation to section 25 of the Negotiable Instruments Act 1881. Date Day Occasion/Festival Date 01.01.2025 Wednesday New Year Day 14.01.2025 Tuesday PONGAL 15.01.2025 Wednesday THIRUVALLUVAR DAY/MATTU PONGAL 26.01.2025 Sunday REPUBLIC DAY 31.03.2025 Monday EIDUL-UL- FITR (RAMZAN) 01.04.2025…
The competent authority of the Government of Mizoram declared the following days as public holidays for the Calendar Year 2025. Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under the NI Act applies exclusively to the banks located within the…
The Government of Meghalaya state in its notification no. No. GAA/67/2024/47 dated 16.10.2024 declared the following days as public holidays Date Day Occasion/Festival Date 01.01.2025 Wednesday New year Day 26.01.2025 Sunday Republic Day 14.03.2025 Fridayy HOLI 31.03.2025 Monday Kutuba-E-Ramzan(ID-UL- FITR) 01.04.2025 Tuesday Bank Holiday (Closure of annual accounts of banks) 18.04.2025 Tuesday Good Friday 07.06.2025…
The government of Arunachal Pradesh declared the calendar of holidays for 2025 under the explanation of section 25 of NI Act 1881 Date Day Occasion/Festival Date 01.01.2025 Wednesday NEW YEAR DAY 14.01.2025 Tuesday MAKARA SANKRANTI 26.01.2025 Sunday REPUBLIC DAY 20.02.2025 Thursday STATEHOOD DAY 14.03..2025 Friday HOLI 31.03.2025 Monday ID-UL -FITR 01.04.2025* Tuesday Bank Holiday: Banks’…
The State Government of Nagaland declared the days specified below as public holidays under the explanation to Section – 25 of the Negotiable Instruments Acts, 1881 (Act, XXVI of 1881). Date Day Occasion/Festival Date 01.01.2025 Wednesday New Year Day 26.01.2025 Sunday REPUBLIC DAY 31.03.2025 Monday RAMZAN (IDUL FITR) 01.04.2025 Tuesday BANK HOLIDAY FOR ANNUAL CLOSING…
The Government of Assam vide file No. E-221561/ 347, Dispur the 6th December, declared the following holidays for the year 2025 under section 25 of NI Act 1881. These holidays apply exclusively to the banks located within the State of Assam administration. Date Day Occasion/Festival Date 14.01.2025 Tuesday MAGH BIHU and TUSU PUJA 26.01.2025 Sunday…
April 1, and all Sundays, 2nd & 4th Saturdays are Bank Holidays under the explanation to section 25 of the Negotiable Instrument Act 1881. (This holiday rule applies to all commercial and cooperative banks operating throughout India.): Date Day Occasion/Festival Date 26.02.2025 Wednesday MAHASHIVARATRI 14.03.2025 Friday HOLI 2nd Day 31.03.2025 Monday RAMZAN (IDUL FITR) 01.04.2025…
Accounting terminology is the language used by accounting professionals such as income, expenses, assets and liabilities, etc. A computerised accounting system is a platform that processes financial transactions and events according to the GAAP (Generally Accepted Accounting Principles) a set of accounting rules, standards, and procedures prescribed by the Institute of Chartered Accountants of India,…
The process in which the accounts are handwritten on the paper-based register in the form of ledgers, subsidiary books, and journals to record the financial transactions is called Manual Accounting. The process in which the financial accounts are systematically accounted through specially developed computer accounting software. The following are the differences between a computerized accounting…