ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC’s initial public offering

The Reserve Bank of India on Wednesday requested all ASBA designated branches of banks to remain open for the public on May 8, 2022 (Sunday) to facilitate the processing of applications for LIC IPO “The Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process…

Scheduled commercial banks can now establish separate Digital Banking Units (DBU): RBI

The Reserve Bank of India today (April 7, 2022) released the guidelines on the “Establishment of Digital Banking Units (DBUs)”. These guidelines are applicable to all Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks, and Local Area Banks). As per the guidelines, scheduled commercial banks with past digital banking experience are permitted to…

Bank Holidays 2022: Chandigarh UT

Under the Explanation to Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881) read with the Government of India, Ministry of Home Affairs, Notification No.20-25/26/Pub.1, dated 08.06.1957, the following days shall be observed as Holidays in the Union Territory during the year 2022:- Sr.No Date Day Occasion/Festival Date 1 09.01.2022 Sunday…