Brics Summit, nationwide strike tomorrow: Are banks open or shut on September 11?
Banking operations in India may face disruptions on September 11 due to a nationwide strike called by the United Forum of Bank Unions. While the RBI has not declared a national holiday, individual banks have issued advisories warning of potential service impacts.
Why it matters
Labor disputes in the banking sector can significantly impact daily economic activity and consumer access to financial services.
NEW DELHI: With the 18th Brics Leaders’ Summit set to begin in New Delhi, the capital is preparing for a weekend of heightened security, traffic restrictions and government office closures. This has also prompted questions over whether banks will remain shut tomorrow on September 11.So, are banks closed on Friday?Not across the country. The Reserve Bank of India’s holiday calendar lists September 11 as a bank holiday in Rajasthan, where branches will remain closed due to elections in the jurisdiction of the Jaipur Municipal Corporation. The RBI calendar does not list September 11 as a bank holiday in Delhi, meaning bank branches in the national capital are not closed merely because of the summit.However, bank operations could also be affected by a nationwide strike called by the United Forum of Bank Unions (UFBU) on September 11.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in