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No 5-day a week in commercial banks: RBI

Representative image. Photograph:( Zee News Network )

PTI New Delhi, Delhi, India Apr 20, 2019, 08.35 PM (IST)

The Reserve Bank of India (RBI) said on Saturday it has not issued any direction with regard to a five-day a week working for commercial banks.

"It has been reported in certain sections of the media that commercial banks would have a 5-day week in terms of RBI instructions. It is clarified that this information is not factually correct," Yogesh Dayal, Chief General Manager of RBI said in an official statement.

"The RBI has not issued any such directions," Dayal said.

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday.

Remaining Saturdays are a full working hour for banks.