As the day begins, bank customers are curious to know whether they should plan their bank-related work today. For those seeking a clarity on bank operations on 10 January must note that the Reserve Bank of India (RBI) provides annual holiday calendar which mentions the key dates on which banks will remain closed. It is important to note that banks are not open on all Saturdays in a month and RBI lists some state-specific bank holidays.
As per RBI guidelines, banks in India are closed on second and fourth Saturdays of the month. This implies that banks open on the first and third Saturdays in a month unless specified as a holiday in the RBI calendar. Since, 10 January is a second Saturday, banks will be closed today.
January 24: Fourth Saturday
All Sundays: 11, 18 and 25 January
Besides the public holiday, banks will remain closed on second and fourth Saturdays — 14 and 28 February — and on all Sundays — 1 and 15 February.
Frontline index, the Sensex crashed nearly 800 points, or 1%, to an intraday low of 83,402 on Friday. The Nifty 50 registered a drop of 1% and marked an intraday low of 25,623. Amid persisting concerns over foreign capital outflow, geopolitical tensions, and caution ahead of the Q3 earnings, the Sensex and the Nifty 50 extended losses for the fifth consecutive session on 9 January.
In the last five sessions, the Sensex crashed 2.5%, by about 2,186 points while the Nifty 50 fell by 2.5% as investors became wary of riskier equities. The downward trend of the Indian stock market comes in the wake of growing concerns over fresh tariffs. The US Supreme Court did not issue a ruling on Friday on Donald Trump's “Liberation Day” tariffs. The next hearing for the case challenging the legality of Trump’s sweeping global tariffs set for 14 January.
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