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

Climate actions being implemented to deal with impact of heat waves

India’s climate actions cut across various sectors and are being implemented through various programs and schemes of different union ministries, departments and state/ union territory governments.  The government of India through concerned ministries and departments organises workshops, exhibiti

Banks must hear borrowers before declaring their accounts as frauds: SC

In a judgment with far-reaching implications, the Supreme Court has held that the civil consequences of an account being declared as fraud under the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and Select FIs) Directions, 2016 or its Master Directions on Fraud amount to ci

India’s forest cover increases by 5,516 sq km in four years

The Dehradun-based Forest Survey of India (FSI), an organization under the Ministry of Environment, Forests and Climate Change, carries out the assessment of forest cover biennially since 1987 and the findings are published in the India State of Forest Report (ISFR). As per the latest ISFR 2021, there is a

Steps taken to meet higher power demand of April-May

While the average growth of energy requirement in the country for 2023-24 viz-a-viz 2022-23 has been estimated as 4.9%, the months of April and May have been projected as high demand period. During the current year, the peak demand is expected to be around 229 GW during the summer period. The government ha

Millets to make comeback in army ration after half a century

As the UN has declared 2023 as the International Year of Millets, the Indian Army has steered introduction of millets flour in the rations of soldiers. This landmark decision will ensure troops are supplied with native and traditional grains after over half a century, when these were discontinued in favour

Central Bank Digital Currency has game-changing potential

When discussing digital currency, you might think of one or two well-known varieties. There is the digital representation of currency that you access with mobile and online banking services. This currency is the liability of a commercial bank. There is also cryptocurrency, a digital medium of exchange issu

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter