Banking dept, RBI extended working hours, banks will be open on weekends: Jaitley
New Delhi: Finance Minister Arun Jaitley said here today that banking department and RBI have taken some measures & extended their working hours and banks will be open on weekends as well.
Jaitley said, “It is only those with large amounts of undisclosed money who will have to face the consequences under existing laws. There will be an impact on small purchases for a few days, till there is adequacy of currency, but it is beneficial in long run.”
“We are trying to ensure at the earliest requisite replacement currency is available to people; believe that no need to rush in initial days,” said Jaitley.