Bank holiday today: Are banks closed today for Muharram on July 7? Check full schedule here
Notably, the second and fourth Saturdays and all Sundays are weekly holidays for all public and private banks across India, including the State Bank of India (SBI). Besides this, there are a total of seven listed bank holidays in July this year.
The RBI and state governments create a list of holidays for banks, taking into account national and local occasions, operational requirements, religious celebrations and other cultural observances. The central bank makes the announcement through its official website and notifications to banks and other financial institutions.
Considered as the second holiest month after Ramadan, Muharram marks the mourning for the death of Hazrat Imam Hussain, the grandson of Prophet Muhammad.
On Muharram, mourners gather at mosques to offer prayers and take out solemn processions to grieve the death of the Prophet's grandson, who was killed in the Battle of Karbala.
Tazia, intricately crafted miniature replicas symbolising the tomb of Imam Hussain, are an integral part of the processions. Made primarily of a bamboo structure, the Tazias are adorned with vibrant coloured fabrics, and ornate detailing. July 3 (Thursday) — Kharchi Puja — Banks will be closed in Agartala to celebrate Kharchi Puja, a Hindu festival in Tripura dedicated to fourteen deities called Chaturdasha Devata.
July 5 (Saturday) — Guru Hargobind's Birthday — Banks will be closed in Jammu and Srinagar to mark Guru Hargobind's Birthday, the sixth of the ten Sikh Gurus.
July 6 (Sunday) — Banks closed pan-India. July 12 (Saturday) — Banks closed pan-India for second Saturday.
July 13 (Sunday) — Banks closed pan-India.
July 14 (Monday) — Beh Deinkhlam — Banks will be closed in Shillong for Beh Deinkhlam, a festival celebrated by the Jaintia tribe in Meghalaya.
July 16 (Wednesday) — Harela — Banks in Dehradun will be closed for Harela, a festival celebrated in the Kumaon region of Uttarakhand and some parts of Himachal Pradesh.
July 17 (Thursday) — Death Anniversary of U Tirot Singh — Banks will remain shut in Shillong, marking the death anniversary of U Tirot Singh, one of the chiefs of the Khasi people.
July 19 (Saturday) — Ker Puja — Banks in Agartala will be closed for Ker Puja, a festival celebrated in Tripura. It is dedicated to Ker, the region's guardian deity, who protects from calamities and external threats.
July 26 (Saturday) — Banks closed pan-India for fourth Saturday.
July 27 (Sunday) — Banks closed pan-India.
July 28 (Monday) — Drukpa Tshe-zi — Banks in Gangtok will be closed for Drukpa Tshe-zi, a Buddhist festival that falls on the fourth day of the sixth month in the Tibetan lunar calendar. This day marks Lord Buddha's first sermon.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
SBI Share Price Live Updates: SBI's Daily Performance Overview
18 Jul 2025 | 04:16:41 PM IST Stay informed with the SBI Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on SBI, including: Last traded price 823.35, Market capitalization: 734630.1, Volume: 15387801, Price-to-earnings ratio 9.47, Earnings per share 86.91. Our liveblog combines fundamental and technical insights to provide a holistic view of SBI's performance. Stay ahead of the market with breaking news that can influence SBI's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the SBI Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 04:16:41 PM IST, 18 Jul 2025 Show more
News18
5 hours ago
- News18
RBI Dy Guv pitches for enhanced global cooperation to tackle climate change
Agency: PTI Pune, Jul 18 (PTI) RBI Deputy Governor M Rajeshwar Rao has called for enhanced global cooperation including technology transfer and R&D funding to deal with challenges posed by the climate change. Stressing that no country can achieve net-zero in isolation, he said climate change is the quintessential global challenge and so the response. Rao was speaking at the Conference on Green Infrastructure Finance at College of Agriculture Banking, RBI here recently. 'There is a requirement of enhanced global cooperation in this regard which must also extend to technology transfer, R&D funding, and skills development to enable development of technical expertise to identify, design, and structure bankable sustainable and green infrastructure projects," he said. The Reserve Bank posted his speech on its website on Friday. The Deputy Governor said that the focus needs to shift from project-based finance to overall market development with policy reforms, development of a project pipeline, and consistent regulatory frameworks, creating systemic conditions for fostering sustainable and green infrastructure finance. 'There is also requirement for Multilateral Development Banks (MDBs), Development Financial Institutions (DFIs), National Development Banks (NDBs) and Vertical Climate and Environmental Funds (VCEFs) to harmonise approach and operations and enable joint funding to enable shift from being direct lenders to catalytic partners and bring in economies of scale in sustainable and green infrastructure projects financing," Rao said. He further said the international financial architecture also needs to be reoriented toward sustainability. The de-risking of sustainable and green infrastructure can work best when national, local, and multilateral institutions co-invest, signalling policy credibility and technical robustness, Rao said. He emphasised that MDBs and global climate funds may need to revisit their governance structure to reflect the voice of recipient countries, particularly the global south and not just donor countries. 'Innovative financial instruments such as debt-for-climate swaps and climate-resilient debt clauses must also be scaled up to create fiscal space for green investments," he said. The Reserve Bank of India, he said has been proactive in its resolve to facilitate creation of a robust ecosystem wherein the assessment and mitigation of climate change risks are fostered and its impact on the economy and financial system is curtailed. Rao emphasised that the scale of the impact of events arising out of climate change requires sizeable investments in technology and scale of finance to both build resilience and enable mitigation. As per OECD report, the investment required for green and sustainable infrastructure is estimated at USD 3-5 trillion per year until 2050. PTI NKD ANU view comments First Published: July 18, 2025, 18:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Print
6 hours ago
- The Print
India needs to be careful, clever while negotiating trade pact with US: Raghuram Rajan
'I think where it is much more sort of difficult (trade negotiations) is in areas such as agriculture, where every country subsidises its producers, and our producers may be relatively smaller, may have somewhat lower subsidies…unconstrained flow of agricultural products into the country may create problems for them,' he said. In an interview with PTI Videos, Rajan said India's economic growth has sort of settled in the range of 6-7 per cent, and a fraction of percentage point may be affected by the global trade uncertainties. New Delhi, Jul 18 (PTI) India needs to be 'very careful and clever' while negotiating trade agreements with the US, especially with regard to the agriculture sector, which is heavily subsidised by developed countries, former RBI Governor Raghuram Rajan said on Friday. Earlier this week, the Indian team was in Washington for the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA). 'For example, can we encourage more foreign direct investments from those countries (developed countries) to enhance the value added in some of those sectors, the milk for example, sort of improving the value added in our milk products, milk powder, cheese, etc, could be beneficial to our milk producers,' the eminent economist noted. US President Donald Trump has said that the proposed trade deal with India would be on the lines of what America has finalised with Indonesia. Giving access in the agriculture sector is proving to be a political issue for the government. 'Are there things we can do, rather than necessarily saying we welcome sort of more milk into the country from other countries. 'So all this requires very careful, clever negotiation, and I hope that is what our government officials are engaged in,' Rajan, currently a professor of finance at Chicago Booth, said. India has hardened its position on the US demand for duty concessions on agri and dairy products. New Delhi has, so far, not given any duty concessions to any of its trading partners in a free trade agreement in the dairy sector. Noting that the trade tensions are negative for both in terms of exports as well as investment, Rajan said, 'But you must remember that there are opportunities also in what is happening to the extent that India is perceived as an alternative route to some of the other regions like the United States.' According to him, if the tariffs imposed by the US on China and some other parts of Asia are much higher than tariffs on India, there may be an opportunity for some manufacturing to flow to India. While pointing out that Indian exports in manufacturing to the United States are not that big, he said any kind of tariffs (on India) will have some modest dampening effect, but not a lot. Rajan said that India's economic growth has sort of settled at a 6-7 per cent range, a fraction of percentage point maybe affected by the global sort of tariff environment. 'But in the longer term, this would spell opportunity for India,' he added. Trump announced heavy tariffs on a number of countries, including India, on April 2. However, it was soon postponed for 90 days until July 9 and later to August 1. India is seeking the removal of an additional tariff (26 per cent). It is also seeking the easing of tariffs on steel and aluminium (50 per cent) and auto (25 per cent) sectors. As far as tariffs go, Rajan said he thinks there are certain areas where India has become more protectionist, and added, 'certainly we can reverse that protectionism'. He said that there are areas where India has been historically protectionist, and bringing down the level of tariffs, increasing competition in those sectors can be quite beneficial. 'For example, in car manufacturing, we have some advantages. We produce certain kinds of cars very well, and bringing competition in the automobile sector can actually be quite beneficial,' Rajan observed. PTI BKS BKS SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
