Reserve Bank of India (RBI) has today (Feb 7)announced its sixth Bi-Monthly Monetary Policy Rates for 2018-19 in Mumbai. The Monitory Policy Committee (MPC) of Reserve Bank of India On the basis of an assessment of the current and evolving macroeconomic situation at its meeting decided to reduce the policy repo rate under the liquidity…
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…
One more round of Bipartite Discussions was held between workman unions and IBA today at Mumbai. IBA was represented by Mr. Rakesh Sharma, (MD of IDBI Bank), Chairman of the Small Negotiating Committee, Mrs. Reeta Kaul, GM, PNB, Mr. S K Suri, GM, Allahabad Bank, Mr. B Rajkumar, Dy. Chief Executive, IBA, Mr. Sanjay Prakash…
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…
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 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,…
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…
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…
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…
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,…