RBI has issued Amendment Directions on December 11, 2025 that overhaul the framework for opening and maintaining cash credit (CC), current accounts (CA) and overdraft (OD) accounts, notably freeing CC facilities from earlier operational restrictions and rationalising current/OD discipline around a ₹10 crore banking-system exposure threshold with a 10% lender-share rule. These amendments will apply…
For 2026, banks in Punjab will observe the following holidays under the Negotiable Instruments Act, 1881, as per Government of Punjab Notification No. 06/01/2025-2PP3/781. Note:Annual Accounts Closing holiday on 01.04.2026 (Wednesday) is restricted to Banks only and is not applicable to Government Offices. “NI Act” applicability for other holidays is derived from the State’s…
The following are the public (bank) holidays for Rajasthan in 2026, declared under the explanation of Section 25 of the Negotiable Instruments Act, 1881. Date Day Holiday name 26 Jan 2026 Monday Republic Day 15 Feb 2026 Sunday Maha Shivaratri 3 Mar 2026 Tuesday Dhulandi / Holi 20 Mar 2026 Friday Cheti Chand /…
The Reserve Bank of India (RBI) has released a Draft Circular dated December 9, 2025, proposing enhanced transparency measures for foreign exchange (FX) transactions undertaken by retail users. In January 2024, Authorised Dealers (ADs) were mandated to disclose the mid-market mark / bid-ask price for all foreign exchange derivative and foreign currency interest rate derivative…
The Government of Maharashtra has separately declared 24 Public Holidays for the year 2026 under Section 25 of the Negotiable Instruments Act, 1881, as per Notification No. PHD.1125/C.R.199/Japuk (29), dated 5th December, 2025.Note:1. Annual Accounts Closing holiday on 01.04.2026 is restricted to Banks only and is not applicable to Government Offices.2. The State Government has…
The Government of Andhra Pradesh has released the official list of public holidays for the year 2026. According to the General Administration Department’s notification issued under the Negotiable Instruments Act, a total of 21 public holidays have been declared. In addition, two festival dates that fall on Sundays are also mentioned in the calendar. List…
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…
