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ARTICLE · 20 SEPTEMBER 2024

AKP Banking & Finance Digest- September 16, 2024

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The Government of Maharashtra has declared September 18, 2024, a public holiday under the Negotiable Instruments Act, 1881, replacing the previously declared holiday of September 16, 2024.

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

1. Regulatory Updates

1.1. India

1.1.1.Financial markets closed on September 18 due to holiday change

The Government of Maharashtra has declared September 18, 2024, a public holiday under the Negotiable Instruments Act, 1881, replacing the previously declared holiday of September 16, 2024. Consequently, there will be no transactions or settlements in Government securities, foreign exchange, money markets, and rupee interest rate derivatives on September 18. All outstanding transactions due on this date will be postponed to September 19, 2024. As usual, financial markets will operate on September 16, 2024, and settlements scheduled for September 17, 2024, remain unchanged. Adjustments have been made for settlements of auctions and liquidity facilities during this period. RBI

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