PCA Framework now for NBFCs
The Reserve Bank of India has today issued the Prompt Corrective Action (PCA) Framework for Non-Banking Financial Companies (NBFCs). In a notification on its website, the RBI said the new framework; the first of its kind for NBFCs will come into effect from October 1 next year. It may be recalled that the revised Prompt…
Read articleBank Holidays 2022 under NI Act: Haryana State
Calendar of public holidays 2022 in Haryana State under section 25 of NI act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 16.02.2022 Wednesday GURU RVIDAS JAYANTI 3 01.03.2022 Tuesday MAHASHIVARATRI 4 18.03.2022 Friday HOLI 5 01.04.2022 Friday Banks’ Annual closing of Accounts 6 14.04.2022 Thursday MAHAVIR JAYANTI/Dr.…
Read articleBank holidays 2022 under NI Act: NCT of Delhi
Calendar of public holidays 2022 in GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI under section 25 of NI act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26 January 2022 Wednesday REPUBLIC DAY 2 18 March 2022 Friday HOLI 3 April 01, 2022 Friday Annual closing of accounts in Banks( Banks are…
Read articleBank Holidays 2022 under NI Act: Chhattisgarh State
Calendar of public holidays 2022 in Chhattisgarh State under section 25 of NI act 1881 is as under Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 01.03.2022 Tuesday MAHASHIVARATRI 3 18.03.2022 Friday HOLI 2nd DAY 4 01.04.2022 Friday Banks Annual Closing 5 14.04.2022 Thursday MAHAVIR JAYANTI 6 15.04.2022 Friday GOOD FRIDAY 7…
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2022 Bank holidays in Assam, Manipur, and Sikkim States declared under section 25 of NI acts
This post provides holiday lists declared by states of Assam, Manipur, and Sikkim States under explanation to section 25 of negotiable instrument acts 1881. Note: The holidays declared under NI acts is meant for financial institutions and not for factories and other establishments.] The holiday declared under NI Act is applicable exclusively to the banks…
Bank holidays 2022 under NI Act: Sikkim State
The Government of Sikkim State declared the following days to be a public holiday during the year 2022 under section 25 of NI act 1881.(Source: No.81/Home/2021 dated 15.11.2021) Sr.No. Date Day Festival Occasion 1 01.01.2022 Saturday New Year Day 2 03.01.2022 Monday Losoong 3 15.01.2022 Saturday Maghe Sankranti/Makara Sankranti 4 26.01.2021 Tuesday Republic Day 5…
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