The Government of Tamil Nadu has officially released the Public Holiday List for 2026, vide G.O.(Ms)No.708 dated 11.11.2025, declaring 24 holidays for all government offices, public sector undertakings, corporations, and boards functioning under its control. No. Holiday Date Day 1 New Year’s Day January 1, 2026 Thursday 2 Pongal January 15, 2026 Thursday 3 Thiruvalluvar Day January 16, 2026…
Background In October 2025, the Reserve Bank of India (RBI) released the draft Transaction Accounts Directions, proposing a stricter regime for borrowers with large credit exposures. Under the draft, banks will not be allowed to open multiple current, cash credit (CC), or overdraft (OD) accounts for borrowers with an aggregate exposure of ₹10 crore or…
Introduction For bankers, understanding how different corporate entities relate to one another is more than an academic exercise—it directly impacts credit decisions, exposure limits, and regulatory compliance. Terms like subsidiary, associate company, or joint venture may sound similar, but each has a distinct legal and accounting meaning that influences how risks are consolidated and how…
Finance Minister Nirmala Sitharaman used the 12th SBI Banking & Economics Conclave in Mumbai to press for building many “big, world‑class banks,” deepen credit to productive sectors, sustain fiscal prudence, and operationalize a pragmatic, inclusive roadmap toward Atmanirbhar Bharat without shutting the door on market innovation such as F&O trading. World‑class banks push Deepen…
Pisciculture lending involves financing fish farming activities end-to-end—from pond creation and seed stocking to feed, health care, harvesting, and marketing—with bank SOPs focusing on borrower selection, project viability, risk controls, and compliant disbursement-monitoring cycles. Banks generally offer term loans for assets (ponds, raceways, cages, aerators, hatchery equipment) and working capital/cash credit for recurring inputs (seed/fingerlings,…
Keeping your Aadhaar details accurate is essential for hassle-free banking and accessing various government services. Whether you need to correct your name, update your address after relocation, change your date of birth, or link a new mobile number, UIDAI (Unique Identification Authority of India) provides convenient online and offline options for updating Aadhaar details. In…
The latest Supreme Court pronouncements on Section 138 NI Act in 2025 reaffirm statutory presumptions in favour of the payee, clarify procedural streamlining for faster trials, and address key substantive issues like cash loans above ₹20,000, partnership liability, territorial jurisdiction, and the effect of settlements on convictions. Core holdings (2025) Key case highlights Notice…
India’s e‑passport follows the same application flow as a regular passport through the Passport Seva system, but the booklet contains an embedded RFID chip compliant with ICAO standards for stronger security and faster immigration processing. Applicants apply online, book an appointment at a PSK/POPSK, complete biometrics and document verification in person, and receive the e‑passport…
Here is the NI Act (gazetted) list of bank holidays in Bihar for 2026, as approved by the Bihar Government for observance under the Negotiable Instruments Act, 1881. Dates below reflect the state-notified list for banking operations and cheque clearing. Notes for practitioners Disclaimer: While due care and diligence have been exercised in compiling the…
The Labour Bureau has released the Consumer Price Index for Industrial Workers (CPI-IW) for July, August, and September 2025 as 146.50, 147.10, and 146.90 respectively. The average CPI-IW for the quarter works out to 146.83. Based on this average index, the Dearness Allowance (DA) payable to bank employees and officers for the quarter of November…
