India, Oct. 31 -- Banks across Karnataka, including in Bengaluru, will remain closed on Saturday, November 1, in observance of Karnataka Rajyotsava, the state's formation day.

According to the official list of bank holidays released by the Reserve Bank of India (RBI), November 1 is marked as a public holiday for all banks in Karnataka.

Karnataka Rajyotsava, also known as Kannada Rajyotsava, is celebrated every year to commemorate the formation of the state of Karnataka on November 1, 1956.

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On this day, all Kannada-speaking regions of southern India were merged to create a unified state under the States Reorganisation Act.

The day is observe...