Bank holidays 2021 in Gujarat 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 the other States and Union territories where it is not a…
Read article Bank Holidays 2021 in the Kerala State under NI Act
The Government of Kerala State declared 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 26.01.2021 Tuesday REPUBLIC DAY 2 11.03.2021 Thursday MAHASHIVARATRI 3 01.04.2021 Thursday BANKS’ ANNUAL CLOSING OF ACCOUNTS 4 02.04.2021 Friday GOOD FRIDAY 5 14.04.2021 Wednesday…
Read article Bank Holidays 2021 in Tamilnadu 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 Karnataka under the 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,…
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RBI directs banks not to approve proposals of foreign law firms to open a branch office in India
RBI on Monday (23/11/2020) directed all AD Category –I banks, not to grant any approval to any branch office, project office, liaison office or other place of business in India under FEMA for the purpose of practicing legal profession in India. The establishment of branch office/ liaison office / project office or any other place…
Raise promoters’ stake in private banks: RBI’s internal working group
An Internal Working Group (IWG) of Reserve Bank of India suggested giving banking licences to large corporate or industrial houses after necessary amendments to the Banking Regulation Act, 1949. The committee was formed by the banking regulator in June to review extant ownership guidelines and corporate structure for Indian private sector banks. “The terms of…
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