Banks and ATMs may run out of cash due to the long weekend from 29th March to 2nd April. So, the people who are running out of cash have to withdraw the money before Thursday, 29th March. The banks have declared holiday due to various occasions Mahaveer Jayanthi and Good Friday. Though the Saturday is the working day for banks. The customers of various banks must understand that the banks will be shut on 2nd April due to the annual closing.
ATMs, Bank to Remain Closed For 4 Days Due To Long Weekend
Since the banks would be shut, there are high possibilities that the ATMs would soon come up short on cash as well. Meanwhile, former NITI Aayog vice chairman Arvind Panagariya has presented a solid defense for privatization of open division manages an account except for SBI, saying that political parties serious of shaping government in 2019 ought to incorporate the proposition in their statement.
Panagariya, who is presently a professor of economics at Columbia University, also said that power of scandals and NPAs in PSBs is just a single yet important explanation behind the privatization 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 in an interview to PTI.
Panagariya was answering to a question identified with the current saving money cheats, including about Rs 13,000 crore at Punjab National Bank (PNB). The prominent economist promotes contended that effectiveness and efficiency to request that the government give up its control of the extensive number of banks whose market valuation has dwindled in spite of the way that they hold the heft of the stores. Panagariya noticed that it is insincere to contend, the same number of supporters of PSBs do, that accomplishing social objectives of loaning requires two-dozen banks in general society part.
“The fact of the matter is that private sector banks have often performed better than public sector banks in delivering on their priority-sector-lending obligations,” he pointed out.