Collateral free agricultural loan limit enhanced up to 1.60 lakh

Currently the banks are mandated to extend collateral-free agriculture loans up to Rs.1 lakh. This limit of Rs.1 lakh was fixed in the year 2010.In view of overall inflation and rise in agriculture input cost since 2010, Reserve Bank of India vide its circular RBI/2018-19/118 FIDD.CO.FSD.BC.No.13/05.05.010/2018-19 dated February 7, 2019 advised all the scheduled commercial…

High lights of Interim Budget 2019

The highlights of Finance minister Piyush Goyal presented on Friday 01.02.2019 are as under. *   Individual tax payers with income upto Rs. 5 lakh taxable income will get full tax rebate * Even those earning ₹6.5 lakh will not have to pay tax, if they invest in specified savings *The threshold for TDS on…

Mandatory SLR requirement for banks reduced

Latest edit: RBI has decided to reduce statutory liquidity ratio, the portion of funds which banks are required to park in treasury bills and other instruments, by 0.25% every quarter beginning January. The calibrated reduction in statutory liquidity ratio (SLR) will continue till it reaches18%. The first reduction of 25 basis points taken effect in…

Bank Holidays 2019: Holiday lists of all the states of India

Here you will find the statewise lists of  Public holidays/Bank Holidays declared by diferent states viz.1.Andhra Pradesh, 2.Arunachal Pradesh, 3.Assam, 4.Bihar, 5. Chhattisgarh,  6. Delhi, 7. Goa, 8.Gujarat,9. Haryana,10. Himachal Pradesh, 11.Jammu & Kashmir,  12. Jharkhand, 13.Karnataka, 14.Kerala, 15.Madhya Pradesh, 16. Maharashtra,  17. Manipur, 18. Meghalaya, 19.Mizoram,20. Nagaland,  21. Odisha, 22. Pudhucherry, 23.Punjab,  24. Rajasthan,…

Bank Holidays 2019: Puducherry

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 2019: Himachal Pradesh

The following holidays declared under NI Act 1881 by the Government of Himachal Pradesh are applicable exclusively to the banks located within the State of Himachal Pradesh administration. List of Public Holidays Sr.No Date Day Occasion/Festival Date 1 26.01.2019 Saturday REPUBLIC DAY 2 19.02.2019 Tuesday GURU RAVIDAS BIRTHDAY 3 04.03.2019 Monday MAHA SHIVRATRI 4 21.03.2019…

Bank Holidays 2019: Telangana

The following holidays declared under NI Act 1881 by the Government of Telangana are applicable exclusively to the banks located within the State of Telangana administration. List of Holidays Sr.No Date Day Occasion/Festival Date 1 15.01.2019 Tuesday SANKRANTI/PONGAL 2 26.01.2019 Saturday  * REPUBLIC DAY 3 04.03.2019 Monday MAHASHIVARATRI 4 21.03.2019 Thursday HOLI 5 01.04.2019 Monday…

Bank Holidays 2019: Tamilnadu State

  The following holidays declared under NI Act 1881 by the Government of Tamilnadu are applicable exclusively to the banks located within the State of Tamilnadu administration. Sr.No Date Day Occasion/Festival Date 1 01.01.2019 Tuesday NEW YEAR DAY 2 15.01.2019 Tuesday PONGAL 3 16.01.2019 Wednesday Thiruvalluvar 4 17.01.2019 Thursday UZHAVAR THIRUNAL 5 26.01.2019 Saturday* REPUBLIC…