Bank holidays 2022 under NI act : ODISHA State

Calendar of Public Holidays in Odisha (Orissa) State under sec 25 of NI Acts 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 05.02.2022 Saturday BASANTA PANCHAMI 3 01.03.2022 Tuesday MAHA SHIVARATRI 4 19.03.2022 Saturday HOLI 5 01.04.2022 Friday Annual closing of Bank accounts /UTKAL DIVAS 6 14.04.2022 Thursday Dr. B.R.AMBEDKAR JAYANTI…

RBI relaxes bad loans provisioning rules for banks, permits 100% utilization of floating provisions

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced that banks are allowed to utilise100 per cent of floating provisions/counter-cyclical provisioning buffer for making specific provisions for non-performing assets. RBI in its circular dated May 5, 2021 stated that “In order to mitigate the adverse impact of COVID 19 related stress on…