Mangaluru: The banking sector will have a long vacation, thanks to the co-inciding dates of the list of holidays.
Banks will remain closed for four days in a row. The dates being – December 24 for Eid Milad, December 25 for Christmas, December 26 for fourth Saturday and December 26 being Sunday. Owing to this long closure, banking services will affect business transactions. While the banking activities will come to a halt, ATM holders will have to suffer the most since ATMs are expected to run out of cash.
Though almost all the banks have privatised cash loading in ATMs and so they have to plan stocking of cash carefully, owing to the long holidays, there could be problems of cash starvation.
