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Too many bank holidays irk Assocham
Noting with concern the number of bank holidays between March 28 and April 5, Assocham on Thursday sought the intervention of the RBI as well as the government to make \"some arrangements\" to avoid inconvenience to customers. The holidays will disrupt financial transactions in the stock markets, normal commercial deals, export shipments,
Bengaluru: Noting with concern the number of bank holidays between March 28 and April 5, Assocham on Thursday sought the intervention of the RBI as well as the government to make "some arrangements" to avoid inconvenience to customers. The holidays will disrupt financial transactions in the stock markets, normal commercial deals, export shipments, import consignments and salary payments, it said.
Assocham said that March 28 is holiday on account of Ram Navami followed by Sunday. The banks open on March 30 for a day for public and would be out of reach for the general public on March 31 and April 1 due to annual closing. On April 2, along with government offices, they will remain shut because of Mahavir Jayanti, followed by Good Friday on April 3. On the following day, banks work for a couple of hours on Saturday to be followed by Sunday on April 6, it added.
