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    Indian banks have submitted a proposal to the Union Finance Ministry to declare all Saturdays as official holidays. Currently, banks observe holidays only on the second and last Saturdays of each month. The Indian Banks Association submitted the proposal, seeking to implement a five-day work week. The Minister of State for Finance confirmed receiving the proposal from the IBA. The demand for a five-day work week has been long-standing in the banking sector, especially among public sector banks.

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    Indian banks have submitted a proposal to the Union Finance Ministry to declare all Saturdays as official holidays. Currently, banks observe holidays only on the second and last Saturdays of each month. The Indian Banks Association submitted the proposal, seeking to implement a five-day work week. The Minister of State for Finance confirmed receiving the proposal from the IBA. The demand for a five-day work week has been long-standing in the banking sector, especially among public sector banks.

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    6 views1 page

    Indian Banks Want Holidays On All Saturdays, Subm

    Uploaded by

    dchand437
    Indian banks have submitted a proposal to the Union Finance Ministry to declare all Saturdays as official holidays. Currently, banks observe holidays only on the second and last Saturdays of each month. The Indian Banks Association submitted the proposal, seeking to implement a five-day work week. The Minister of State for Finance confirmed receiving the proposal from the IBA. The demand for a five-day work week has been long-standing in the banking sector, especially among public sector banks.

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    of 1

    INDIA TODAY DAILYO NORTHEAST MALAYALA

    LIVE

    Magazine Live TV Search

    Home / Business / Banks push for 5-day work week, submit pr…

    Banks push for 5-day work week,


    submit proposal for holidays on
    all Saturdays
    Since 2015, banks in India have observed public
    holidays on the second and last fourth Saturdays
    of every month. The demand for a five-day work
    week has been a prolonged one, particularly
    from public banks.

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    Why this ad?

    Indian banks have submitted a proposal to declare all


    Saturdays as holidays.

    India Today Business Desk


    New Delhi, UPDATED: Dec 6, 2023 12:20 IST
    Written By: Koustav Das

    India's banking sector has formally proposed


    declaring all Saturdays as official holidays,
    according to confirmation from the Union
    Finance Ministry in Parliament today.

    Responding to queries about the Indian Banks


    Association (IBA) seeking the implementation
    of a five-day work week, Minister of State for
    Finance, Bhagwat Karad, affirmed that the IBA
    had indeed submitted a proposal to this
    effect.

    Since 2015, banks in India have observed


    public holidays on the second and last fourth
    Saturdays of every month. The demand for a
    five-day work week has been a prolonged
    one, particularly from public banks.

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