Banks to follow two-day weekly holiday as NRB issues directive
Summary
Nepal Rastra Bank has mandated banks and financial institutions to observe a two-day weekly holiday on Saturdays and Sundays from April 6, aligning with government directives to ease disruptions caused by irregular fuel supply.
Key Points
- Nepal Rastra Bank has directed banks and financial institutions to implement a two-day weekly holiday on Saturdays and Sundays starting April 6.
- The directive includes all licensed Class 'A', 'B', 'C' and 'D' financial institutions, infrastructure development banks, and Nepal Clearing House Limited.
- The move aligns with the government decision to ease pressure caused by irregular petroleum supply by enforcing weekend holidays in government offices and educational institutions.
- Bank operating hours have been revised to 9:00 am to 5:00 pm from Monday to Friday, with reduced hours from 9:00 am to 4:00 pm between Kartik 16 and Magh 15.
