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Bank branches shut on September 26 for fourth Saturday; public banks and RRBs operate September 27
The brief
- SBI, HDFC Bank and ICICI Bank branches were closed on September 26
- Public sector banks and RRBs were scheduled to operate on September 27
- Branch closures affect customers of SBI, HDFC Bank and ICICI Bank, while digital banking remains available
- HSBC targets affluent Indian clients, intensifying competition with local banks
- Prestige Estates issues corporate guarantee of up to ₹750 crore for subsidiary loan
- Gold may rise to $5,000/oz in H1 2027 after near-term consolidation: ICICI Bank
Bank unions’ September strike and deferral
Bank unions planned a nationwide strike for September 28–30, seeking a five-day work week and pension reforms. The Centre and banks took steps to limit disruption, including early salary payments and Sunday banking; unions later deferred the strike after talks with the IBA.
Sunday, 27 September
Saturday, 26 September
- Bank branches shut on September 26 for fourth Saturday; public banks and RRBs operate September 27