Chennai, Aug. 2 -- The United Forum of Bank Unions (UFBU)-an umbrella body of bank unions- has said public sector banks are not legally authorised to open their core banking solution (CBS) on August 3, 2025 though the government has directed the bank branches to be open on that day.
The Department of Financial Services has directed the public sector banks to keep branches open on Sunday, 3rd August, 2025, specifically for the disbursement under the PM-KISAN scheme.
The Ministry of Agriculture, Department of Agriculture & Farmers Welfare has also written a letter in this regard, the UFBU said.
In a letter to the Secretary, Department of Financial Services, the UFBU has said: "No notification has been issued by the Reserve Bank of India (R...