The Government of Assam declared following holidays for the year 2022 under section 25 of NI Act 1881. These holidays are applicable exclusively to the banks located within the State of Assam administration Sr.No Date Day Occasion/Festival Date 1 15.01.2022 Saturday MAGH BIHU 2 26.01.2022 Wednesday REPUBLIC DAY 3 18.03.2022 Friday DOL JATRA 4 01.04.2022…
All Scheduled Commercial Banks other than foreign banks, Small Finance Banks, Payment Banks, and Regional Rural Banks incorporated in India who have met regulatory capital requirement (including regulatory buffer) are permitted to infuse capital in overseas branches and subsidiaries and retention/ repatriation/ transfer of profits in these centres by banks incorporated in India. Banks that…
The Government of Manipur declared the following days of the year 2022 as public holidays under section 25 of the Negotiable Instrument Act 1881 Sr.No Date Day Occasion/Festival Date 1 01.01.2022 Saturday NEW YEAR DAY 2 14.01.2022 Friday IMOMU IRATPA 3 15.01.2022 Saturday GAAN –NGAI-NI 4 26.01.2022 Wednesday REPUBLIC DAY 5 15.02.2022 Tuesday LUI-NGAI-NI 6…
The Government of Himachal Pradesh declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 01.03.2022 Tuesday MAHA SHIVRATRI 3 18.03.2022 Friday HOLI * 01.04.2022 Friday Banks’ Annual closing of Account(holiday applicable to…
In the Statement on Developmental and Regulatory Policies on December 8, 2021, the Reserve Bank of India announced an increase in the UPI Transaction Limit for Specified Categories.The statement said that the ‘Reserve Bank has been making efforts to facilitate greater participation of retail customers in financial markets, e.g. investment in the G-secs segment through…
In today’s (08.12.2021) MPC meeting, the Reserve Bank of India decided to maintain the policy repo rate under the liquidity adjustment facility (LAF) on hold at 4.0 percent. The Monetary Policy Committee of the Reserve Bank of India has also decided to maintain the status quo on all other key policy rates. RBI had…
This post provides holiday lists declared by the states of Gujarat, Maharashtra, and Goa under explanation to section 25 of negotiable instrument acts 1881. Note: The holidays declared under NI acts are meant for financial institutions and not for factories and other establishments.] The holiday declared under NI Act is applicable exclusively to the banks…
The Government of Maharashtra declared the following days as holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 19.02.2022 Saturday CHATRAPATI SHIVAJI MAHARAJ JAYANTI 3 01.03.2022 Tuesday MAHASHIVARATRI 4 18.03.2022 Friday HOLI 2nd Day * 01.04.2022 Friday Annual…
This post provides holiday lists declared by states of Andhra Pradesh, Karnataka, Kerala, Tamilnadu, and Telangana under explanation to section 25 of negotiable instrument acts 1881. The holidays declared under NI acts are meant for financial institutions and not for factories and other establishments. The holiday declared under NI Act is applicable exclusively to the…
The Government of Andhra Pradesh declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No. Date Day Occasion/Festival 1 15.01.2022 Saturday SANKRANTI/PONGAL 2 26.01.2022 Wednesday REPUBLIC DAY 3 01.03.2022 Tuesday MAHASHIVARATRI 4 01.04.2022 Friday Annual closing of bank accounts (Holiday applicable only to…