Latest Update on 5 Days Banking

To find out how the 5-Day Banking implementation was going, an RTI was submitted. For a while now, the implementation has been delayed. While the DFS claims that the idea is being considered, the IBA claims that it is still pending. However, how much time will it take? An RTI was filed to obtain clarification on the issue, but the government declined to offer any updates. No information may be disclosed until the matter is resolved, according to the response.

In addition to refusing to provide any information, the Appellate Authority received an appeal against the RTI reply. The government has not made a firm decision about the introduction of 5-Day Banking, despite numerous debates. For years, workers and unions have been calling for this reform, but the Department of Financial Services (DFS) and the Indian Banks' Association (IBA) are unable to resolve the issue.

Instead of offering a precise date, the government opted to provide evasive and inconclusive responses when the matter was brought up in Parliament earlier. No progress has been made even after over a year. This delay demonstrates a lack of accountability and seriousness toward the banking staff. Such persistent delays beg the question: Why is the government unable to execute a long-overdue reform like 5-Day Banking if it genuinely cares about the well-being of bank workers and increasing industry efficiency?