Categories: Bank News

Uniform working hours of banks in 4 states

Working hours of all branches in Karnataka State, Odisha State, Telangana State and Delhi is fixed as 10.00am to 4.00pm from 01.10.2019 as per Department of financial services DFS and SLBC instructions. Private Banks were also requested to formulate their working hours accordingly. The above move is aimed at removing all the discrepancies in the operational timings of various public sector banks. SLBCs of other States may also follow the suit.

State Level Bankers’ committee (SLBC) is an inter-institutional forum for coordination and joint implementation of development programmes and policies by all the financial institutions operating  in various States. Although SLBC is a bankers’ forum, Government officials are also included in the SLBC to monitor implementation of government programmes. DFS is abbreviation for Department of financial services.

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

The list of Priority Sectors identified in India and PSL lending norms

Priority Sector lending (PSL) means bank lending to those sectors that the Government of India…

12 hours ago

International Economic Organizations: The World Bank

The World Bank was established in 1944 in the name of the International Bank for…

20 hours ago

International organisations: The IMF

International Monetary Fund (IMF) is an important financial agency of the United Nations and an…

2 days ago

What is SDR?

The SDR (Special Drawing Rights) is an international reserve asset created by the IMF as…

2 days ago

International organisations: The WTO

The World Trade Organization (WTO) is an intergovernmental organization established on January 1, 1995, replacing…

3 days ago

RBI cautions public against Prepaid Payment Instruments issued by unauthorised entities

The RBI on Thursday said Gurugram-registered TalkCharge Technologies Pvt. Ltd. having its registered office at…

4 days ago