The Government of Gujarat has declared 18 public holidays under Section 25 of the Negotiable Instruments Act, 1881, for the calendar year 2026, as per Notification No. No.GS/22/2025/JSR/2025/509/GH dated27.11.2025 The list of holidays Date Day Occasion/Festival Date 14.01.2026 Wednesday MAKARA SANKRANTI 26.01.2026 MONDAY REPUBLIC DAY 15.02.2026 SUNDAY MAHASHIVARATRI 04.03.2026 Wednesday HOLI 2ND DAY, DHULETI 21.03.2026…
The Telangan State Government on Monday notified the list of official Holidays for the year 2026.Here is a table of Telangana bank holidays for 2026, excluding Sundays regular Second and Fourth Saturdays : Date Day Holiday/Event Jan 14, 2026 Wednesday Makar Sankranti Jan 26, 2026 Monday Republic Day Feb 15, 2026 Sunday Maha Shivratri Mar…
The Monetary Policy Committee (MPC) held its 58th meeting from December 3–5, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The Committee noted a sharp moderation in headline inflation, which has softened more than earlier projections—primarily due to exceptionally benign food prices. Reflecting these favourable conditions, the MPC has further…
When a Bank Guarantee (BG) issued on behalf of a customer is invoked by the beneficiary and the bank settles the claim, the bank becomes a creditor to the customer for the amount paid. If the customer fails to reimburse the bank, the bank must follow a series of operational, legal, and recovery steps as…
The Government of West Bengal has declared 27 public holidays under Section 25 of the Negotiable Instruments Act, 1881, for the calendar year 2026, as per Finance (Audit) Department Notification No. 4188‑F(P2) dated 27.11.2025. In addition, 1 April 2026 (Wednesday) is a bank holiday exclusively for yearly closing of bank accounts, when Government offices and…
The Reserve Bank of India (RBI) has released the National Strategy for Financial Inclusion (NSFI): 2025–30, approved by the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) in its 32nd meeting. The document was formally launched by Shri Sanjay Malhotra, Governor, RBI, on December 1, 2025. A Synergistic, Ecosystem-Driven Approach The NSFI: 2025–30 adopts…
The Reserve Bank of India (RBI) has issued updated directions (2025) governing how commercial banks must set and pay interest on domestic deposits, NRE/NRO deposits, and FCNR(B) deposits. The circular emphasises transparency, uniformity, and customer protection. 1. Uniform, Transparent Interest-Rate Framework – Board-approved interest-rate policy. – Uniform, non-discriminatory rates across branches. – No negotiated rates;…
(A Practical Guide for Banks and financial institutions) 1. Understanding FIR, Section 154 CrPC and Section 173 BNSS Section 154 CrPC governs how police must record information relating to cognizable offences. Registration of an FIR for cognizable offences is a mandatory duty of the police. When an officer in charge refuses to register an FIR,…
The Reserve Bank of India (RBI), through circular DBOD.Dir.BC.62/13.07.09/2002-03 dated January 24, 2003, had earlier prohibited banks from extending non-fund based facilities to non-constituent borrowers. This restriction was aimed at preventing frauds, fund diversion, and misuse of one-off transaction-based facilities without proper credit assessment. However, over time, this blanket bar created genuine challenges for borrowers…
When Domestic, NRE, or FCNR(B) deposits remain inoperative for 10 consecutive years, banks are required to classify them as unclaimed and transfer the balances to the Depositor Education and Awareness (DEA) Fund maintained by the Reserve Bank of India (RBI). To reclaim these deposits, the customer (or their legal heir) must approach the bank where…
