Banks to be shut for five days from March 29
BY Team MP26 March 2018 12:13 AM IST
Team MP26 March 2018 5:49 AM IST
New Delhi: If you are running low on cash or need to visit your bank, you have time till Thursday, as the banks would remain close for five days starting from March 29. The banks would not work on March 29 on account of Mahaveer Jayanti followed by a holiday on Good Friday, leading to Saturday and Sunday. On April 2, banks will observe an annual closing as the new fiscal would start. Since, the banks would be closed, there are high possibilites that the ATMs would soon run out of money too.
Meanwhile, former NITI Aayog vice chairman Arvind Panagariya has made a strong case for privatisation of public sector banks with the exception of SBI, saying that political parties serious of forming government in 2019 should include the proposal in their manifesto.
Panagariya, who is currently a professor of economics at Columbia University, further said that predominance of scandals and NPAs in PSBs is only one albeit important reason for privatisation of PSBs.
"I firmly believe that privatisation of all PSBs except perhaps the State Bank of India should be on the election manifestos of all parties who wish to present themselves as serious candidates to form the government in 2019," he said.
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