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May 4, 2024
Will Indian banks be closed Saturdays? Negotiations for a 5-day workweek for bank employees are heating up! Get the latest on the timeline, who's involved, and potential impacts.
March 11, 2024
Soon, you would not need to check if its a first or third Saturday of the month to visit a bank. This is because banks in India will soon be switching to five day working days, i.e. Monday to Friday. Till now, banks used to work on the first and third Saturdays of the month and would remain closed on the second and fourth Saturdays. But with five day working, banks will soon begin to be closed on all Saturdays and Sundays.
March 11, 2024
India Business News: Banking in India may shift to a Monday to Friday schedule, closing on Saturdays and Sundays. This decision is subject to government approval. The new
March 11, 2024
India Business News: Banking in India may shift to a Monday to Friday schedule, closing on Saturdays and Sundays. This decision is subject to government approval. The new
March 10, 2024
Banks in Hyderabad, other cities are set to start observing holidays on Saturdays. Currently, banks have holidays on 2nd, 4th Saturdays.
March 9, 2024
All India Bank Officers Confederation said that a joint note agreed to recognise all Saturdays as holidays, pending government notification.
March 9, 2024
Indian Banks Association and bank employee unions reach a consensus to offer several benefits to PSU bank employees.
March 9, 2024
5-day work week for banks awaits govt notification: Bank employees may soon work a five-day week, i.e., Monday to Friday. This means that banks will be closed on all Saturdays and Sundays, if government agrees.
March 9, 2024
17 percent annual hike and five days work for Bank Employees: The Indian Banks Association and bank worker associations have settled on a yearly pay climb of 17%, prompting an extra yearly outgo of around Rs 8,284 crore for public area banks. Upwards of 8 lakh bank workers are set to profit from the pay climb.
February 25, 2024
The United Forum of Bank Unions has urged Finance Minister Nirmala Sitharaman for a five-day workweek in a letter. They promise no reduction in total banking hours for customers or employees if implemented, aligning with an agreement with the Indian Banks Association. The union highlights existing five-day weeks in RBI and LIC.