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…
Online fraudsters are using innovative methods to wipe out your bank balance. Be aware of such frauds to protect yourself from fraudsters. According to a report by Hindustan Times, India has lost a total of ₹615.39 crores in more than 1.17 lakh cases of online banking frauds from April 2009 to September 2019. The occurrence…
There has been a surge in the usage of digital modes of payments in recent years. As the speed and ease of doing financial transactions have improved, the number of frauds in retail financial transactions has gone up. The general public is defrauded by a fraudster using various innovative methods. Unscrupulous elements are defrauding and…
The Reserve Bank of India has issued master directions for credit and debit card issuance in the year 2022. These fresh guidelines will come into effect from July 1, 2022. The guidelines apply to banks excluding payment banks, state co-operative banks, and district central co-operative banks. Also, all NBFCs operating in India should follow the…
The Reserve Bank of India has issued master directions for credit and debit card issuance in the year 2022. These fresh guidelines will come into effect from July 1, 2022. The guidelines apply to banks excluding payment banks, state co-operative banks, and district central co-operative banks. Also, all NBFCs operating in India should follow the…
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…
Finance Minister Nirmala Sitharaman presented the fourth Budget of the second term of the Modi government today. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 percent growth…
The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of a specific State or Union Territory. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day. SOUTHERN INDIA Click the name…
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, banks remain open and allow normal banking transactions similar to any other working day. Click the name of the State…
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…