RBI continues reduced Minimum Daily Maintenance of the Cash Reserve Requirement of banks as a temporary measure
Keeping in view of ongoing hardships faced by banks in terms of social distancing of staff and consequent strains on reporting requirements, RBI has decided to extend the relaxation of the minimum daily maintenance of the Cash Reserve Ratio of 80 per cent for a further period of three months, i.e., up to September 25,…
Read article Important measures are taken by RBI in the recent past to preserve the financial stability of the country
In the Statement of Development and Regulatory Policies released on March 27, 2020, RBI released several regulatory measures to mitigate the burden of debt servicing brought about by disruptions on account of COVID-19 pandemic and to safeguard the continuity of viable businesses. The package includes Rescheduling of Term Loans and Working Capital payments, recalculate the…
Read article
Bank holidays 2020 declared by Odisha State Government
List of bank holidays/public holidays for the year 2020 declared by the Government of ODISHA under section 25 of NI act. Sr.No Date Day Occasion/Festival Date 1 30.01.2020 Thursday BASANTA PANCHAMI 2 21.02.2020 Friday MAHA SHIVARATRI 3 10.03.2020 Tuesday HOLI 4 01.04.2019 Wednesday Annual closing of Bank accounts 5 02.04.2020 Thursday RAM NAVAMI 6 10.04.2020…
Read article
DA for Bank Sub-staff from November 2018 to January 2019
As per Labour Bureau, CPI for the month of July 2018, August 2018 and September 2018 is 301,301 and 301 respectively. Accordingly, DA for bank employees and officers is increased by 66 slabs for the months of Novemeber 2018 to Janaury 2019. That means an increase of DA by 6.6 % from the existing 54.10%.…
Read article
Sovereign Gold Bond Scheme 2018-19 series II
The Government of India has announced Sovereign Gold Bond Scheme 2018-19 (“the Bonds”). The Bonds under this Scheme may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. The bond may also be held by…
2017 Holidays list for Central Government offices & Post Offices
The public holidays for the Central Government offices are divided into two parts. The administrative offices of Central Government situated outside Delhi and New Delhi observes 14 public holidays enumerated in Chart ‘A’. Besides 14 days compulsory public holidays listed in chart A, Delhi and New Delhi offices observe additional 3 compulsory public holidays enumerated…
Read article