Bank Holidays 2019: Madhya Pradesh

The following holidays declared under NI Act 1881 by the Government of Madhya Pradesh  are applicable exclusively to the banks located within the State of Madhya Pradesh  administration. List of Holidays Sr.No Date Day Occasion/Festival Date 1 26.01.2019 Saturday REPUBLIC DAY 2 04.03.2019 Monday MAHASHIVARATRI 3 21.03.2019 Thursday HOLI 4 01.04.2019 Monday Banks’ Annual Closing…

Policy Repo Rate remains unchanged : RBI announces 5th Bi-Monthly Statement for 2018-19

December 5, 2018: The Monitory Policy Committee (MPC) of Reserve Bank of India in its  fifth  Bi-Monthly Statement for 2018-19, announced today(December 5,2018) keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal…

Interest Equalisation Scheme for Export Credit

The interest Equalisation Scheme (IES) for pre and post shipment rupee export credit is being implemented by Directorate (DGFT) through commercial banks.The scheme came into effect from 01.04.2015 and is for a period of 5 years.(The scheme was earlier called as ‘interest subvention scheme’  which was  existing for the period from August 2010 to 31.03.2015).…