IBA agreed on 5 days banking in the public sector banks and awaiting the response from the finance ministry. The final decision has to be taken by the Government on this issue. As per the recent communication received through one of the reader of the blog :
IBA has agreed for 5 day banking in the meeting held today with UFBU. The same will be implemented very soon. The operational timing has been increased by 40 min on daily basis for 5 days in a week.
Proposed Timing for Banks : 09:50 to 05:30
Cash Hours : 10:00 to 4:00 PM
Detailed circular will be published shortly.
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