Find Bank Holidays in your state for the year 2021
This post offers you the holiday lists for the calendar year 2021 released by all the Indian states under explanation to section 25 of the Negotiable Instrument Act 1881 (NI Act). The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In…
Read article Bank Holidays 2021 in the State of Madhya Pradesh
The Government of Madhya Pradesh declared the following days to be a public holiday during the year 2021, under the explanation of section 25 of NI act 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 11.03.2021 Thursday MAHASHIVARATRI 3 29.03.2021 Monday HOLI 4 01.04.2021 Thursday Banks’ Annual Closing of Accounts 5…
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RBI exempts 7 categories of current accounts from the definition of ‘Aggregate Exposure’
The instructions on the opening of current accounts by banks have been reviewed and revised by RBI and the same was notified to all the banks for compliance through their circular dated August 6, 2020. In terms of the above circular, no bank shall open current accounts for customers who have availed credit facilities in…
Read article Bank holidays 2021 in Maharashtra State under NI Act
The Government of Maharashtra declared following days as holidays for the year 2021 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 19.02.2021 Friday CHATRAPATI SHIVAJI MAHARAJ JAYANTI 3 11.03.2021 Thursday MAHASHIVARATRI 4 29.03.2021 Monday HOLI 2nd Day * 01.04.2020 Wednesday Annual closing…
Read article Bank Holidays 2021 in the State of West Bengal under NI act
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. 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,…
RBI includes all 26 stressed sectors within the ambit of the ‘On Tap TLTRO scheme’
On Thursday (11.12.2020) RBI announced that in addition to the five sectors, twenty-six stressed sectors brought under On Tap TLTRO Scheme. On October 21, 2020, Th Reserve Bank of India had announced the five stressed sectors under the ambit of On Tap TLTRO scheme in synergy with the credit guarantee under the Emergency Credit Line…
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