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Summary:
Banks in several parts of India are closed today, October 22nd, for Govardhan Puja. The stock market is also closed in observance of Diwali Balipratipada. Bank closures vary by city, reflecting regional observances. Online banking services remain available despite the closures. Additionally, the article details bank holidays scheduled for later in October due to Bhai Dooj and Chhath Puja, as well as upcoming stock market holidays in November and December.
News Article:
Banks and Stock Market Closed Today for Govardhan Puja and Diwali Celebrations
New Delhi, October 22nd – Banks across several Indian cities are observing a holiday today, October 22nd, for Govardhan Puja, according to the Reserve Bank of India’s (RBI) holiday calendar. Simultaneously, the stock market is closed to commemorate Diwali Balipratipada.
Cities where banks are closed for Govardhan Puja include Ahmedabad, Belapur, Bangalore, Dehradun, Gangtok, Jaipur, Kanpur, Lucknow, Mumbai, and Nagpur. Govardhan Puja is a festival that commemorates Lord Krishna’s lifting of the Govardhan Hill to protect the people of Vrindavan from the wrath of Indra.
While physical branches are closed, online banking services will remain operational nationwide, allowing customers to conduct financial transactions.
The RBI’s holiday list indicates further regional bank closures throughout the remainder of October:
- October 23: Banks will be closed in Ahmedabad, Gangtok, Imphal, Kanpur, Kolkata, Lucknow, and Shimla for Bhai Dooj and related festivals.
- October 27 & 28: Banks will be closed in Kolkata, Patna, and Ranchi for Chhath Puja.
- October 31: Banks will be closed in Ahmedabad for Sardar Vallabhbhai Patel’s Jayanti.
Looking ahead, the stock market will also be closed on November 15th for Guru Nanak Jayanti and December 25th for Christmas.
The holiday schedule reflects the diverse cultural and religious landscape of India, with bank and market closures varying based on regional celebrations.
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