Banks may soon have all Saturdays off; 5-day workweek possible: Report
According to a report by the Business Line, the demand put forward by bank employee unions to declare all Saturdays as a bank holiday has been accepted by India's Bank Association on the 28th July meeting. Now, the representative body of management of Indian banks has forwarded the petition to the Ministry of Finance for its approval.
If the Union Finance Ministry also approves it then banks will be in operation only five days a week, and the employees will not have to work on 1st and 3rd Saturdays. besides, the daily work hours at branches could be extended by 45 minutes, the Business Line report added.