SBI’s extended hours in Maharashtra on April 4, many ICICI bank branches open today

Convenience of customers is important for the banks, ATMs available for cash transactions

GN Bureau | April 2, 2015


#SBI   #ICICI Bank   #banking   #ATM   #holidays  

While State Bank of India is going to extend the banking hours at all its branches in Maharashtra on April 4 (Saturday is normally half day) after three days of holidays, premier private sector bank ICICI Bank is keeping half of its 4,000 branches open for business on Thursday.

Banking operations have been affected this week by closing of accounts for fiscal year 2014-15, which is immediately followed by a long weekend on account of Mahavir Jayanti (April 2) and Good Friday (April 3).

However, "it has been decided to extend the banking hours at our branches in Maharashtra by two hours on April 4 for the convenience of our customers," SBI said in a statement.

Meanwhile, ICICI Bank kept its half of its 4,000 branches open for general business on Thursday. "Our branches will remain open and will operate as per regular business hours on April 2, except for branches in Delhi, Chhattisgarh, Haryana, Rajasthan and Madhya Pradesh," ICICI Bank, the country's largest private lender, said in a statement on Wednesday.

Cheques deposited on Thursday will be sent for clearing on the next working day, but customers can do other transactions like fund transfers, deposits and cash withdrawal.

Last month, industry body Assocham had sought the intervention of RBI and the government to avoid inconvenience to customers as banks will be shut for over a week from March 28 due to holidays.

It said the holiday season, coupled with annual closing for the financial year will result in a lot of disruption in financial transactions in the stock markets, normal commercial deals, export shipments, import consignments and salary payments.

“We would urge the RBI to step in and advise the banks to make some arrangements. With the government being the majority owners of the public sector banks, the Finance Ministry should also prevail on the bank managements to avoid this kind of huge customer inconvenience and widespread disruption to the business environment,' Assocham secretary-general DS Rawat had said.

The chamber had said while the ATMs would remain operational, there are problems owing to functioning and accessibility.

Comments

 

Other News

Food inflation: Not a macroeconomic statistic but a developmental indicator

India`s retail inflation shows a reassuring picture at first glance. According to the latest data, Consumer Price Index (CPI) inflation edged up to 4.38% in June 2026 from 3.93% in May 2026, but continued to remain within the Reserve Bank of India`s (RBI) target band of 4% (+/- 2%). However, beneath this

Skin in the game or masterful market timing?

When a company founder opens their personal chequebook to buy shares in their own business, stock markets usually applaud. To the average retail investor, it feels like the ultimate vote of confidence, a sign that the people running the show have real skin in the game and believe brighter days are ahead.

India’s freedom struggle was shaped by wider Asian political thought

As we mark 80th anniversary of independence, ‘Asianism and the Fall of Empire’ (HarperCollins India) by historian Mithi Mukherjee offers a new perspective on Ind

What is colonialism? A relook at modern history

The Chromatic World Order: The Fiction That Rules Our World  By Sajid Mohamed Aakar Books  

Monsoon session of parliament adjourns sine die

The Monsoon Session, 2026 of Parliament which commenced on July 20 was adjourned sine die on Thursday. The session provided 19 sittings spread over a period of 25 days.   During the session 11 Bills were introduced in Lok Sabha and 2 Bills were introduced in Rajya Sabha. 12 B

Consumer Justice at a Crossroads

Over the past four decades, India`s consumer protection landscape has undergone a remarkable transformation. What began with the Consumer Protection Act, 1986 as a simple mechanism to empower ordinary citizens has evolved into a comprehensive framework capable of addressing challenges ranging from mislea

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter