{"id":1278024,"date":"2024-01-22T05:57:00","date_gmt":"2024-01-22T00:27:00","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1278024"},"modified":"2024-01-22T06:03:11","modified_gmt":"2024-01-22T00:33:11","slug":"unprecedented-reliance-axis-bank-hdfc-bank-stock-market-closed-for-ram-mandir-pran-pratishtha-ceremony-january-22-2024","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/unprecedented-reliance-axis-bank-hdfc-bank-stock-market-closed-for-ram-mandir-pran-pratishtha-ceremony-january-22-2024\/","title":{"rendered":"Unprecedented! Reliance, Axis Bank, HDFC Bank, Stock Market Closed For Ram Mandir Pran Pratishtha Ceremony (January 22, 2024)"},"content":{"rendered":"\n

With the stage set for the iconic Ram Mandir\u2019s consecration ceremony<\/a> in Ayodhya on January 22nd, various government offices, public sector banks and financial institutions will remain fully or partially closed to enable staff participation.<\/p>\n\n\n\n

\"Reliance<\/figure>\n\n\n\n

The Department of Personnel and Training (DoPT) announced all central government offices, establishments and institutions across India will be shut post 2:30PM on January 22nd. The office memoranda stated this move will allow employees to take part in nationwide celebrations.<\/p>\n\n\n\n

Following suit, the Finance Ministry also declared that public sector banks, insurance companies and regional rural banks will observe a half-day off. Private lenders HDFC Bank and Axis Bank later confirmed they will keep branches closed for the full day in UP and Uttarakhand.<\/p>\n\n\n\n

Reliance Shutting All Offices for Ram Mandir Event<\/strong><\/p>\n\n\n\n

Multinational conglomerate Reliance Industries went a step further shutting<\/a> all its offices pan-India for Jan 22nd. The efforts align with the monumental occasion around Ram Mandir considered sacred by multitudes of faithful.<\/p>\n\n\n\n

HDFC Bank, Axis Bank to Remain Fully Closed<\/strong><\/p>\n\n\n\n

Private lenders HDFC Bank and Axis Bank later confirmed<\/a> they will keep branches closed for the full day in UP and Uttarakhand.<\/p>\n\n\n\n

Banks, Government Offices to Remain Shut on Jan 22 for Ram Mandir Event<\/p>\n\n\n\n

With the stage set for the iconic Ram Mandir\u2019s consecration ceremony in Ayodhya on January 22nd, various government offices, public sector banks and financial institutions will remain fully or partially closed to enable staff participation.<\/p>\n\n\n\n

Govt Banks, Govt Offices Closed<\/strong><\/p>\n\n\n\n

Following suit, the Finance Ministry also declared that public sector banks, insurance companies and regional rural banks will observe a half-day off.<\/p>\n\n\n\n

Multinational conglomerate Reliance Industries went a step further shutting all its offices pan-India for the day. The efforts align with the monumental occasion around Ram Mandir considered sacred by multitudes of faithful.<\/p>\n\n\n\n

Private lenders HDFC Bank and Axis Bank later confirmed they will keep branches closed for the full day in UP and Uttarakhand to let staff join commemoration events.<\/p>\n\n\n\n

Elaborate rituals are scheduled on January 22nd presided by Prime Minister Modi alongside scores of eminent dignitaries and religious leaders.<\/p>\n\n\n\n

The highly anticipated event marks the culmination of a decades-long spiritual movement that witnessed both unity and turmoil.<\/p>\n\n\n\n

The consecration ceremony led by head priest Mahant Dixit will infuse life into the new idol installing Ram Lalla in the sanctum sanctorum. The RBI also announced revised trading hours from 2:30PM to 5PM for money markets, bond markets, forex and equities regulated under it.<\/p>\n\n\n\n

So while capital market operations will continue during the afternoon, the mega commemoration takes priority for both government and India Inc. By declaring mass holiday and early closures, they hope to facilitate greater participation in this historic moment.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the stage set for the iconic Ram Mandir\u2019s consecration ceremony in Ayodhya on January 22nd, various government offices, public sector banks and financial institutions will remain fully or partially closed to enable staff participation. The Department of Personnel and Training (DoPT) announced all central government offices, establishments and institutions across India will be shut […]<\/p>\n","protected":false},"author":30,"featured_media":1278029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4463,575,4462,253],"class_list":["post-1278024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-axis","tag-hdfc","tag-ram-mandir","tag-reliance"],"acf":[],"yoast_head":"\nUnprecedented! 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