RBI Overhauls CC, CA, and OD Directions
RBI has issued Amendment Directions on December 11, 2025 that overhaul the framework for opening and maintaining cash credit (CC), current accounts (CA) and overdraft (OD) accounts, notably freeing CC facilities from earlier operational restrictions and rationalising current/OD discipline around a ₹10 crore banking-system exposure threshold with a 10% lender-share rule. These amendments will apply…
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Punjab State: Bank Holidays 2026 (NI Act)
For 2026, banks in Punjab will observe the following holidays under the Negotiable Instruments Act, 1881, as per Government of Punjab Notification No. 06/01/2025-2PP3/781. Note:Annual Accounts Closing holiday on 01.04.2026 (Wednesday) is restricted to Banks only and is not applicable to Government Offices. “NI Act” applicability for other holidays is derived from the State’s…
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Rajasthan State Bank holidays 2026
The following are the public (bank) holidays for Rajasthan in 2026, declared under the explanation of Section 25 of the Negotiable Instruments Act, 1881. Date Day Holiday name 26 Jan 2026 Monday Republic Day 15 Feb 2026 Sunday Maha Shivaratri 3 Mar 2026 Tuesday Dhulandi / Holi 20 Mar 2026 Friday Cheti Chand /…
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RBI Issues Draft Circular on Disclosure of Transaction Costs for Forex Transactions
The Reserve Bank of India (RBI) has released a Draft Circular dated December 9, 2025, proposing enhanced transparency measures for foreign exchange (FX) transactions undertaken by retail users. In January 2024, Authorised Dealers (ADs) were mandated to disclose the mid-market mark / bid-ask price for all foreign exchange derivative and foreign currency interest rate derivative…
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Maharashtra State Bank Holidays – 2026
The Government of Maharashtra has separately declared 24 Public Holidays for the year 2026 under Section 25 of the Negotiable Instruments Act, 1881, as per Notification No. PHD.1125/C.R.199/Japuk (29), dated 5th December, 2025.Note:1. Annual Accounts Closing holiday on 01.04.2026 is restricted to Banks only and is not applicable to Government Offices.2. The State Government has…
Andhra Pradesh Government Holidays for 2026 – Official List
The Government of Andhra Pradesh has released the official list of public holidays for the year 2026. According to the General Administration Department’s notification issued under the Negotiable Instruments Act, a total of 21 public holidays have been declared. In addition, two festival dates that fall on Sundays are also mentioned in the calendar. List…
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