No 5-day a week in commercial banks: RBI
The Reserve Bank of India (RBI) said on Saturday it has not issued any direction with regard to a five-day a week working for commercial banks
- Apr 20, 2019,
- Updated Apr 20, 2019 10:30 PM IST
The Reserve Bank of India (RBI) said on Saturday it has not issued any direction with regard to a five-day a week working for commercial banks.
"It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions. It is clarified that this information is not factually correct," the RBI said in a release.
The RBI has not issued any such directions, it said.
Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.
Remaining Saturdays are a full working hour for banks.
ALSO READ: Paytm Payments Bank appoints Sairee Chahal to board of directors
ALSO READ: Bank unions write to PM Modi, want government to take over Jet Airways
The Reserve Bank of India (RBI) said on Saturday it has not issued any direction with regard to a five-day a week working for commercial banks.
"It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions. It is clarified that this information is not factually correct," the RBI said in a release.
The RBI has not issued any such directions, it said.
Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.
Remaining Saturdays are a full working hour for banks.
ALSO READ: Paytm Payments Bank appoints Sairee Chahal to board of directors
ALSO READ: Bank unions write to PM Modi, want government to take over Jet Airways