Reserve Bank chose to keep key policy rates on hold
In today’s (4.12.2020) bimonthly MPC meeting, the Reserve Bank of India decided to maintain the policy repo rate under the liquidity adjustment facility (LAF) on hold at 4.0 per cent. The MPC also decided to continue with the accommodative stance as long as necessary, at least during the current financial year and into the next…
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Bank Holidays 2021 in Bihar State 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,…
Read article Bank Holidays 2021 in the State of Himachal Pradesh under NI act
The Government of Himachal Pradesh declared the following days as public holidays for the year 2021 under section 25 of NI Act (Negotiable Instrument Act) 1881 Sr.No Date Day Occasion/Festival Date 1 25.01.2021 Monday STATEHOOD DAY 2 26.01.2021 Tuesday REPUBLIC DAY 3 27.02.2021 Saturday GURU RAVIDAS’s BIRTHDAY 4 11.03.2021 Thursday MAHA SHIVRATRI 5 29.03.2021 Monday…
Read article Bank Holidays 2021 declared by Government of Andhra Pradesh under the NI Act
The following holidays are declared as public holidays under sec 25 of NI Act 1881 by the Government of Andhra Pradesh. Sr.No Date Day Occasion/Festival Date 1 14.01.2021 Thursday MAKARA SANKRANTI/PONGAL 2 15.01.2021 Friday KANUMA PANDUGA 3 26.01.2021 Tuesday REPUBLIC DAY 4 11.03.2021 Thursday MAHASHIVARATRI 5 29.03.2021 Monday HOLI * 01.04.2021 Thursday *ANNUAL CLOSING OF…
Read article Bank Holidays 2021 declared by the Goa Government under NI act
List of public holiday for the year 2021 declared by Government of Goa u/s 25 of NI Act Sr.No Date Day Occasion/Festival Date 1 26.01.2021 Tuesday REPUBLIC DAY 2 29.03.2021 Monday HOLI 3 01.04.2021 Thursday YEARLY CLOSING OF BANK ACCOUNTS 4 02.04.2021 Friday GOOD FRIDAY 5 13.04.2021 Tuesday GUDI PADVA/UGADI 6 14.04.2020 Wednesday DR.BABASAHEB AMBEDKAR…
SIDBI launches “Do-It-Yourself (DIY) asset restructuring web module. “
Small Industries Development Bank of India (SIDBI) in a statement on Monday said it has launched a web portal to help micro, small and medium enterprises (MSMEs) take benefit of the Reserve Bank of India’s one-time debt restructuring. We may recollect here that during August 2020, RBI had announced one-time restructuring for personal and corporate…
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