Sr.No Date Day Occasion/Festival Date 1 26 January 2021 Tuesday REPUBLIC DAY 2 29 March 2021 Monday HOLI * April 01 Thursday Annual closing of accounts in Banks( Banks are closed for public transactions) 3 2 April 2021 Friday GOOD FRIDAY 4 21 April 2021 Wednesday RAM NAVAMI 5 25 April 2021 Sunday MAHAVIR JAYANTI…
The Ministry of Ports, Shipping, and Waterways have issued a draft of the Merchant Shipping Bill, 2020 with all updated International Maritime Organisation Conventions, to which India is a party and invited the public for their comments on the bill. The Merchant Shipping Bill, 2020 has been drafted to promote the growth of the Indian…
Today,Reserve Bank Of India in a Press Release announced the merger of Lakshmi Vilas Bank with DBS Bank. The announcement said that the “Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd.” According to the report, the amalgamation will come into force…
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In the other States and Union territories where it is not a…
The Government of Kerala State declared following days as public HOLIDAYS for the year 2021 under Section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 11.03.2021 Thursday MAHASHIVARATRI 3 01.04.2021 Thursday BANKS’ ANNUAL CLOSING OF ACCOUNTS 4 02.04.2021 Friday GOOD FRIDAY 5 14.04.2021 Wednesday…
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In other States and Union territories where it is not a holiday,…
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In other States and Union territories where it is not a holiday,…
RBI on Monday (23/11/2020) directed all AD Category –I banks, not to grant any approval to any branch office, project office, liaison office or other place of business in India under FEMA for the purpose of practicing legal profession in India. The establishment of branch office/ liaison office / project office or any other place…
An Internal Working Group (IWG) of Reserve Bank of India suggested giving banking licences to large corporate or industrial houses after necessary amendments to the Banking Regulation Act, 1949. The committee was formed by the banking regulator in June to review extant ownership guidelines and corporate structure for Indian private sector banks. “The terms of…
Leave Fare Concession (LFC) is the benefit provided to permanent employees of banks to travel with their family to any place in India or their place of domicile. The mode of transport and eligible distance to be covered according to the eligibility of the employee or officer. During each block of 4 years, an Officer…
