2024 Holiday lists for Punjab, Haryana, Chandigarh UT and Himachal Pradesh States
The Governments of Punjab, Haryana, Chandigarh Himachal Pradesh have declared Holidays under the explanations of section 25 of NI act 1881. The Statewise list of holidays above states are as under: The holidays declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In…
Read articleBank Holidays 2024: Haryana State
Human Resources Department, Government of Haryana in its order No.28/67/2008-1HR-I dated 22.12.2023 has released the Holiday Calendar for the Year 2024. The letter conveyed that the holidays enumerated in the schedule below shall be observed as public holidays under the explanation of section 25 of the Negotiable Instruments Act 1881 List of holidays Sr.No Date…
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RBI curtails Banks/FIs ever greening investment in AIFs
RBI on Tuesday said that Regulated entities (REs) like Banks/FIs make investments in units of AIFs as part of their regular investment operations. However, it added that certain transactions of REs involving AIFs that raise regulatory concerns have come to their notice. The full form of AIF is the Alternate Investment Fund. AIF means any…
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Green Deposits and Green finance by banks explained
Meaning of green deposits: The provisions of the framework for green deposits raised in India after June 01, 2023. A green deposit means an interest-bearing deposit, received by Regulated Entities (RE) like Commercial Banks, Small Finance Banks (excluding Regional Rural Banks, Local Area Banks, and Payments Banks), and deposit-taking NBFCs for a fixed period, the…
The Interconnectedness of Financial Markets
Globalization is the free movement of people, goods, and services across boundaries. Due to Globalization, trade, and technology have made the world a more connected and interdependent place because of the expansion of trade, cross-border commerce, and access and engagement to financial markets and trading. While this connection has global benefits, it can also enable…
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