The Ministry of Electronics and Information Technology (MeitY) has made it possible to digitize mortgage and other property documents for several new types of loans, which will give a boost to the digitization of home loans. NESL provides a digital documentation execution service for banks that enables contracts to be made electronically. DDE is a…
The Government of Kerala State vide Govt. notification G. O. (P) No. 23/2022/GAD. Dated, 26th October 2022, declared the following days as public HOLIDAYS for the year 2022 under Section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2022 Wednesday REPUBLIC DAY 2 18.02.2023 Saturday MAHASHIVARATRI 3 01.04.2022* Saturday…
Vide order no. F. 53/538/GAD/CN/2022/ ds gad-iii/2128-2173, the Lieutenant Governor of the National Capital Territory of Delhi declared that the days specified in the following schedule be observed as holidays in all Government offices under Government of National Capital Territory of Delhi during the year 2023 (Saka Era 1944-45):— Sr.No Date Day Occasion/Festival Date 1…
The Government of Himachal Pradesh vide Gazetted notification No.GAD-A(F)10-9/2022 Dated 10th October 2022 declared the following days as public holidays for the year 2022 under section 25 of NI Act (Negotiable Instrument Act) 1881. Sr.No Date Day Occasion/Festival Date 1 26.01.2023 Thursday REPUBLIC DAY 2 18.02.2023 Saturday MAHA SHIVRATRI 3 08.03.2023 Wednesday HOLI 4 30.03.2023…
The Government of Puducherry vide order no. G.O. Ms. No. 52, Puducherry, dated 13th October 2022 declared Bank holidays under NI Act for the year 2023. Holidays in the Puducherry and Karaikal regions are the same. However, holidays in Mahe and Yanam Regions are slightly different from the former. Therefore, we have made 3 separate…
RBI on Thursday revised the regulatory framework for catogorisation of Urban Co-operative Banks (UCBs) based on net worth, CRAR, and reserve ratios and also a prescription for the declaration of Urban Cooperative Banks as Financially Sound and Well Managed (FSWM) category banks. Based on the recommendations of the Expert Committee on Urban Co-operative Banks, the…
Rates as on 02.12.2022 INR / 1 USD 81.1771 INR / 1 GBP 99.3099 INR / 1 EUR 85.4643 INR / 100 JPY 60.0700 As of 02.12.2022 at 1.30 pm Source: FBIL/RBI) Approximate currency exchange rate of other major global currencies in India Foreign Currency Equivalent INR (Indian Rupees) 1 AUD (Australian Dollar) 54.60 1…
The Reserve Bank of India (RBI) and the Financial Services Agency (FSA), Japan on Wednesday exchanged letters of cooperation in the field of Central Counter Parties (CCPs) with the objective of improving mutual cooperation. The exchange of letters takes place pursuant to the European and the UK regulators having derecognised various Indian clearing houses, including…
Today, the Reserve Bank announced the launch of the first pilot for retail digital Rupee (e₹-R) on December 01, 2022. The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed…
National E-Governance Services Limited (“NeSL”) is a Union government company and is governed by the provisions of the Insolvency and Bankruptcy Code, 2016 (“IBC”) and Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. It is appointed by the Insolvency and Bankruptcy Board of India (“IBBI”) as an Information Utility (“IU”). As a regulated…