No 5-day week in commercial banks: RBI

The Reserve Bank of India (RBI) said it has not issued any direction with regard to a five-day working week 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 on Saturday.

 

The RBI has not issued any such directions, it said.

Currently, branches of commercial banks observe holidays only on second and fourth Saturday of a month apart from Sunday. Remaining Saturdays are full working days for banks.

[“source=indiatoday”]