Bank holidays for Goa state in 2022 under section 25 of NI act
List of public holidays for the year 2022 declared by Government of Goa u/s 25 of NI Act Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 18.03.2022 Friday HOLI 3 01.04.2022 Friday YEARLY CLOSING OF BANK ACCOUNTS* 4 02.04.2022 Saturday GUDI PADVA/UGADI 5 14.04.2022 Thursday DR.BABASAHEB AMBEDKAR JAYANTI 6 15.04.2022 Friday GOOD…
Read articleTamilnadu State Bank Holidays in 2022 under section 25 of 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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Home loan interest: Floating or fixed rates which is better for you?
There are two types of home loans viz. Floating Rate Home Loans and Fixed Rate Home Loans. The EMI of a floating rate loan changes with changes in market interest rates. The rate of interest on fixed-rate home loans is fixed either for the entire tenure of the loan or a certain part of the…
Read article UCO bank is now out of PCA framework
Reserve Bank of India on Wednesday has taken public sector lender UCO Bank out of Prompt Corrective Action (PCA) framework (PCA) on improvement in financial and credit profile. “The performance of the UCO Bank, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision. It was noted…
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Private Banks must recognize share linked compensation to executives as expenses of the relevant year: RBI
The Reserve Bank of India asked all banks, including local area banks, small finance banks, and foreign banks to comply with its directions for all share-linked instruments granted after the accounting period ending March 31, 2021. The fair value of the share-linked incentives paid to chief executive officers, whole-time directors, and other key functionaries by…
RBI announces enhancements to Indo-Nepal Remittance Facility Scheme
The Indo-Nepal Remittance Facility Scheme was introduced in May 2008 by the Reserve Bank of India, jointly with Nepal Rastra Bank, to provide an avenue to migrant workers of Nepalese origin working in India to remit funds at regular intervals in a safe and cost-efficient manner to their families in Nepal. Reserve Bank on Friday…
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