logo
Bank holiday today: Why are banks closed on July 26?

Bank holiday today: Why are banks closed on July 26?

Hindustan Times6 days ago
If you're heading to your nearby bank branch today, you might find the shutters down. As per the RBI calendar, Indian banks will remain closed on July 26, 2025, which is the fourth Saturday of the month. July 26 is a regular scheduled bank holiday in India.(File Photo)
As per the existing RBI calendar, banks work on the first, third, and fifth Saturdays, while the second and fourth Saturdays of each month are closed.
As July 26 is on the fourth Saturday, it's a regular scheduled bank holiday.
What services will be impacted?
On July 26, physical branches of all the Indian banks will remain closed on Saturday. However, online banking, mobile banking, and ATM facilities will remain operational as usual. Only branch-based services such as cash deposits, cheque clearings, and customer support in branches will not be available to the customers.
Other holidays in July 2025
Except for today's bank holiday, July 27 will be a bank holiday since it falls on Sunday. Moreover, banks will remain closed in Gangtok on the occasion of Drukpa Tshe-zi.
August 2025 bank holidays
There are a total of nine bank holidays during August excluding the Saturday and Sunday holidays. Here is the complete list of bank holidays next month:
August 8 (Friday): Banks in Gangtok will remain closed on account of Tendong Lho Rum Faat.
August 9 (Saturday): Raksha Bandhan and Jhulana Purnima holiday.
August 13 (Wednesday): Patriots' Day holiday.
August 15 (Friday): Banks in India will remain closed on account of Independence Day
August 16 (Saturday): Janmashtami (Shravan Vad-8) or Krishna Jayanthi holiday.
August 19 (Tuesday): Birthday of Maharaja Bir Bikram Kishore Manikya Bahadur
August 25 (Monday): Tirubhav Tithi of Srimanta Sankardeva holiday.
August 27 (Wednesday): Ganesh Chaturthi/Samvatsari (Chaturthi Paksha)/Varasiddhi Vinayaka Vrata/Ganesh Puja/Vinayakar Chathurthi) holiday.
August 28 (Thursday): Panaji banks will be closed for Ganesh Chaturthi (2nd Day)/Nuakhai.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold prices are up; here's what Trump's tariffs and Fed decisions have to do with it
Gold prices are up; here's what Trump's tariffs and Fed decisions have to do with it

Economic Times

time21 minutes ago

  • Economic Times

Gold prices are up; here's what Trump's tariffs and Fed decisions have to do with it

Gold prices saw a rise due to US trade tensions. President Trump imposed tariffs on goods from South Korea, India, and Brazil. This move created market uncertainty. Investors are turning to gold as a safe haven. The US economy grew, but the Federal Reserve is cautious. Tariffs may increase prices on imported goods. Investment markets could remain unstable. When global trade is uncertain, investors often feel anxious. During these times of unease, many turn to gold, a timeless "safe haven" for protecting wealth. Tired of too many ads? Remove Ads Why does gold matter here? Tired of too many ads? Remove Ads But isn't the US economy doing well? So, what does it mean for you? The new tariffs may raise the prices of some imported goods. Depending on where they come from, that could impact electronics, cars, or household items. Investment markets may stay shaky, especially if trade tensions continue. That could affect your retirement fund or stock investments. Gold just made a small comeback, and the reason may have something to do with rising tensions between the US and its global trading partners. On Thursday, July 31, the price of gold climbed to $3,308.83 per ounce, bouncing back after hitting a one-month silver dipped slightly, both metals have had a strong year, with gold up more than 35 per cent. That's a big deal for investors and for anyone watching the Trump announced a fresh wave of tariffs, basically extra taxes, on goods imported from several countries, including South Korea, India, and Brazil. These changes include a 15 per cent tariff on South Korean products, a 25 per cent tariff on Indian goods, and new rules for items like cheap imports also lost their previous exemptions. These moves shook up markets overnight, especially the copper market, which saw prices fall by nearly 20 per global trade becomes uncertain, investors get nervous. And when people are worried about where to put their money safely, many turn to gold, a classic "safe haven" during turbulent time is no different. Trump's tariff announcement sparked anxiety about the future of international trade and its impact on the economy. As a result, people started buying gold to protect their wealth, pushing its price US economy grew by 3 per cent in the second quarter, which was better than expected. Despite that, the Federal Reserve , America's central bank, has decided not to lower interest rates for now, saying it wants to see more data before making any changes. Inflation is also ticking up slightly, which adds to the becomes more attractive to investors, which usually signals a more cautious outlook for the global economy.

What a drop! Indians shun Turkey in June
What a drop! Indians shun Turkey in June

Mint

time21 minutes ago

  • Mint

What a drop! Indians shun Turkey in June

Indian tourists shunned Turkey in droves this June, the month following Operation Sindoor, during which the Indian Armed Forces carried out cross-border strikes in Pakistan, in response to the terrorist attack on civilians in Pahalgam in April, amid growing online campaigns to boycott Turkey over its support for Islamabad. The campaign urged Indians to boycott travelling to Turkey, with some online travel agencies (OTAs) halting bookings to the country and others issuing advisories against visiting. The last such social media-led boycott was against the Maldives, which proved highly effective – Indian travel to the island nation dropped significantly after the diplomatic row and has remained low since. In his speech in the Lok Sabha, the Prime Minister referred to three countries that did not support India during Operation Sindoor. While he did not name them, it is widely understood that the countries in question were China, Turkey, and Azerbaijan. According to data released by Turkey's Ministry of Culture and Tourism, 24,250 Indian tourists visited the country in June 2025, a 36 per cent drop compared to June 2024, when 38,307 Indians had travelled to Turkey. This decline has also impacted the cumulative figures for the first half of the year. Between January and June 2025, 1,39,215 Indians visited Turkey, compared to 1,64,373 during the same period in 2024, a year-on-year drop of 15 per cent. The decline began in May 2025, in the immediate aftermath of Operation Sindoor. That month, only 31,659 Indians visited Turkey, compared to 41,544 in May 2024, a 24 per cent drop. June figures dropped further below May's. In all of 2024, 3,30,985 Indians visited Turkey, a 20 per cent increase over 2023. Indians comprise a minuscule 0.6 per cent of total foreign arrivals in Turkey, a market largely driven by travellers from Europe and Russia. However, the Indian market has been steadily growing in recent years, with IndiGo playing a key role in that growth. For years, Turkish Airlines was the only carrier connecting the two countries, although several options existed via the Middle East. That changed in 2018–19 when IndiGo launched direct flights, which significantly boosted traffic between India and Turkey. Post-pandemic, IndiGo operated wide-body aircraft leased from Turkish Airlines, but it cannot extend the lease beyond 31 August. While no official reason has been given, the move appears to be linked to Turkey's vocal support for Pakistan during Operation Sindoor and its stance on Kashmir. Turkish Airlines has been keen to expand operations in India but has struggled due to the lack of progress on revising the Bilateral Air Services Agreement (BASA). Pertinently, ground handling agency Celebi has had its licence suspended overnight. The staff has been accommodated across other agencies without impacting operations at airports where it operates. Celebi India was majority owned by Celebi, a Turkish company. The declining traffic to Istanbul is likely a key reason why IndiGo may choose not to deploy its damp-leased aircraft from Norse Atlantic to the Turkish city. Instead, the airline is expected to prioritise its deployment on European routes, while continuing Istanbul operations using narrow-body aircraft with a technical stop. As IndiGo deleverages its dependence on Turkish Airlines, through partnerships with KLM, Air France, and Virgin Atlantic, it may reconsider its ties with the Turkish carrier altogether, especially if traffic continues to decline due to public sentiment. Both IndiGo and the Air India group currently have maintenance agreements with Turkish Technic, and aircraft are still sent to Turkey for servicing. As of now, the flight-tracking website Flightradar24 shows two Air India Boeing 777s and one IndiGo A321neo at Istanbul Atatürk Airport, which houses Turkish Technic's base. IndiGo has already announced a new agreement with Lufthansa Technik for redelivery checks, services that were previously handled by Turkish Technic. Meanwhile, Air India's CEO has indicated the airline is exploring alternative maintenance providers, although no formal announcements have been made yet.

Suzlon Energy shares surge 5% after 381 MW order win from Zelestra
Suzlon Energy shares surge 5% after 381 MW order win from Zelestra

Economic Times

time21 minutes ago

  • Economic Times

Suzlon Energy shares surge 5% after 381 MW order win from Zelestra

Suzlon Energy shares rose 4.91% on Friday to hit an intraday high of Rs 64.63 on the BSE after the company announced a significant order win from global renewable energy developer Zelestra. As part of the order, Suzlon will supply 381 MW of wind energy for Zelestra's first Firm and Dispatchable Renewable Energy (FDRE) project in India. ADVERTISEMENT The project spans three Indian states — Maharashtra, Madhya Pradesh, and Tamil Nadu — and will involve the installation of 127 units of Suzlon's advanced S144 wind turbines, each rated at 3 MW. According to a regulatory filing by Suzlon, 180 MW each will be set up in Maharashtra and Madhya Pradesh, contributing to state-run SJVN's FDRE bids, while the 21 MW project in Tamil Nadu will cater to Commercial & Industrial (C&I) consumers seeking reliable, clean energy. This is Zelestra's first FDRE project in India and marks a strategic collaboration between Suzlon and a globally recognised clean energy player. Backed by EQT, a leading global investment firm with over €273 billion in assets under management, Zelestra brings global experience in decarbonisation and renewable energy deployment. It currently manages a renewable energy portfolio of around 29 GW across 13 countries, with 5.4 GW already contracted or operational. Suzlon's 14-day Relative Strength Index (RSI) is at 38.0, indicating that the stock is neither overbought nor oversold. While it's still above the oversold threshold of 30, it remains closer to that end, suggesting potential for upward movement if buying interest picks up. ADVERTISEMENT Also read: PNB Housing Finance shares tank 16% after resignation of MD & CEO, Girish Kousgi On the moving averages front, Suzlon is trading above 5 out of 8 key Simple Moving Averages (SMAs) — specifically the 5-day, 10-day, 100-day, 150-day, and 200-day SMAs — signalling a bullish long-term trend. However, it is below the 20-day, 30-day, and 50-day SMAs, indicating some short- to mid-term consolidation or weakness. Overall, the technicals reflect underlying strength with room for a possible near-term recovery.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store