Do You Know? 4-Day Bank Holiday Is Coming Up In Some States
Even as many people may be planning to go on long holidays for the extended weekend with effect from Saturday, April 28, they should ensure that they have enough of cash at their disposal or complete their required banking transactions. Banks in some states will be shut from Saturday till Tuesday. Customers should check with their banks on the days it will remain closed. Banks will take steps to keep ATMs replenished, a banker said. But internet-banking and mobile banking will remain operational, he added.
This Saturday on April 28, is a fourth Saturday - a regular off for banks. Sunday falls on April 29 while Monday is Buddha Purnima and Tuesday is Labour Day.
However, not all banks in all the states will be shut on Monday and Tuesday. Banking holidays are decided according to the Negotiable Instruments Act.
On Buddha Purnima, April 30, banks in Maharashtra, Delhi, West Bengal, Madhya Pradesh, Uttar Pradesh and Haryana will be shut, according to the website of Dhanlaxmi Bank.
On Labour Day, May 1, banks in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Goa, and West Bengal will be closed, the list added.
Earlier this month, severe cash crunch was reported in some parts of the country. ATMs in Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Uttar Pradesh, Madhya Pradesh and Telangana went dry. The Reserve Bank of India (RBI) then asked banks with surplus cash to help other banks facing a paucity of funds.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
