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Did not issue five-day-working instruction for commercial banks: RBI

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday

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Reserve Bank Of India  |  Rbi

Press Trust of India  |  Mumbai 

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The (RBI) said Saturday it has not issued any direction with regard to a five-day a week working for commercial

"It has been reported in certain sections of the media that commercial would have a 5-day week in terms of instructions. It is clarified that this information is not factually correct," the said in a release.

The has not issued any such directions, it said.

Currently, branches of commercial observe holiday only on second and fourth Saturday of a month apart from Sunday.

Remaining Saturdays are a full working hour for banks.

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First Published: Sat, April 20 2019. 20:35 IST
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