Paperless home loans a reality soon
The Ministry of Electronics and Information Technology (MeitY) has made it possible to digitize mortgage and other property documents for several new types of loans, which will give a boost to the digitization of home loans. NESL provides a digital documentation execution service for banks that enables contracts to be made electronically. DDE is a…
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Bank Holidays 2023 under NI Act: Kerala State
The Government of Kerala State vide Govt. notification G. O. (P) No. 23/2022/GAD. Dated, 26th October 2022, declared the following days as public HOLIDAYS for the year 2022 under Section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 18.02.2023 Saturday MAHASHIVARATRI 3 01.04.2022* Saturday…
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Bank Holidays 2023: National Capital Territory of Delhi
Vide order no. F. 53/538/GAD/CN/2022/ ds gad-iii/2128-2173, the Lieutenant Governor of the National Capital Territory of Delhi declared that the days specified in the following schedule be observed as holidays in all Government offices under Government of National Capital Territory of Delhi during the year 2023 (Saka Era 1944-45):— Sr.No Date Day Occasion/Festival Date 1…
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Bank Holidays 2023 under NI Act: Himachal Pradesh
The Government of Himachal Pradesh vide Gazetted notification No.GAD-A(F)10-9/2022 Dated 10th October 2022 declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2023 Thursday REPUBLIC DAY 2 18.02.2023 Saturday MAHA SHIVRATRI 3 08.03.2023 Wednesday HOLI 4 30.03.2023…
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Bank Holidays 2023 under NI Act: Puducherry, Karaikal, Mahe, and Yanam Regions
The Government of Puducherry vide order no. G.O. Ms. No. 52, Puducherry, dated 13th October 2022 declared Bank holidays under NI Act for the year 2023. Holidays in the Puducherry and Karaikal regions are the same. However, holidays in Mahe and Yanam Regions are slightly different from the former. Therefore, we have made 3 separate…
RBI revises regulatory framework and prescription for declaring Financially Sound and Well Managed (FSWM) category UCBs
RBI on Thursday revised the regulatory framework for catogorisation of Urban Co-operative Banks (UCBs) based on net worth, CRAR, and reserve ratios and also a prescription for the declaration of Urban Cooperative Banks as Financially Sound and Well Managed (FSWM) category banks. Based on the recommendations of the Expert Committee on Urban Co-operative Banks, the…
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