Scheduled commercial banks can now establish separate Digital Banking Units (DBU): RBI
The Reserve Bank of India today (April 7, 2022) released the guidelines on the “Establishment of Digital Banking Units (DBUs)”. These guidelines are applicable to all Domestic Scheduled Commercial Banks (excluding Regional Rural Banks, Payments Banks, and Local Area Banks). As per the guidelines, scheduled commercial banks with past digital banking experience are permitted to…
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Highlights of Indian Budget 2022-23
Finance Minister Nirmala Sitharaman presented the fourth Budget of the second term of the Modi government today. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 percent growth…
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2022 Bank holiday lists: All states and UTs of India
The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of a specific State or Union Territory. In other States and Union territories where it is not a holiday, banks remain open and allow normal banking transactions similar to any other working day. SOUTHERN INDIA Click the name…
Read article Bank holidays 2022 of all 8 Union territories of India
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, banks remain open and allow normal banking transactions similar to any other working day. Click the name of the State…
Read articleBank Holidays 2022: Chandigarh UT
Under the Explanation to Section 25 of the Negotiable Instrument Act, 1881 (Central Act XXVI of 1881) read with the Government of India, Ministry of Home Affairs, Notification No.20-25/26/Pub.1, dated 08.06.1957, the following days shall be observed as Holidays in the Union Territory during the year 2022:- Sr.No Date Day Occasion/Festival Date 1 09.01.2022 Sunday…
Bank holidays 2022 under NI act: Andaman and Nicobar
The following days are declared for the year 2022 as public holidays under sec 25 of NI Act 1881 in the Union Territory of Andaman and Nicobar. Sr.No Date Day Occasion/Festival Date 1 14.01.2022 Thursday MAKARA SANKRANTI/PONGAL/MAGHA BIHU 2 26.01.2022 Wednesday REPUBLIC DAY 3 18.03.2022 Friday HOLI * 01.04.2022 Friday *ANNUAL CLOSING OF BANK ACCOUNTS …
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