Business
Bank holiday on New Year: Will banks remain closed on December 31, 2025 & January 1, 2026? Check state-wise list – The Times of India
As 2025 comes to an end and the new year is almost here, customers across India are looking for clarity on whether banks will be open on December 31 and January 1. While banks in some states will remain closed on December 31, 2025, others will continue normal operations on New Year’s Eve and the New Year. Being aware of bank holidays can help customers plan essential financial transactions in advance, avoid last-minute delays and ensure uninterrupted access to services that require branch visits.
In which states banks will remain closed on December 31, 2025?
Banks in these two states will remain closed on the new year’s eve on December 31, 2025, in observance of New Year’s Eve and Imoinu Iratpa.
Where will banks remain close on January 1, 2026?
- Mizoram
- Tamil Nadu
- Sikkim
- Manipur
- Arunachal Pradesh
- Nagaland
- West Bengal
- Meghalaya
Banks in these states will remain closed on January 1, 2026, on the occassion of New Year’s Day and Gaan-Ngai. However, bank closure does not means that customers can not process their financial transactions during holidays. Users can continue to access online banking services, ATMs, mobile banking apps and UPI for fund transfers, bill payments and other routine transactions. Meanwhile, in-person banking services such as large cash deposits, cheque clearances and issuance of demand drafts will not be available on these days. Account holders are advised to plan their banking needs in advance to avoid inconvenience during the festive period and make full use of digital banking platforms for uninterrupted services.It is important to note that bank holidays vary by state. According to the RBI, banks also remain closed on every second and fourth Saturday of the months.
The Felix Project is among the organisations feeling the effects of increased costs due to the conflict in Iran.
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Business
Crude oil soars as Middle east conflict chokes supply routes, Hormuz concerns stokes panic – SUCH TV
Crude oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the US-Israeli war with Iran.
Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. US West Texas Intermediate crude futures gained $0.71, or 0.6%, to trade at $112.25 per barrel.
On Thursday, the last trading day before the Good Friday holiday break, WTI settled up more than 11%, and Brent soared nearly 8% in volatile trading, recording their biggest absolute price increase since 2020, as US President Donald Trump promised to continue attacks on Iran.
The Strait of Hormuz, which carries oil and petroleum products from Iraq, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates, remains largely closed by Iranian attacks on shipping after the war began on February 28.
Because of the Middle East supply disruptions, refiners are seeking alternative sources for crude, particularly for physical cargoes in the US and the UK North Sea.
“Global buyers are bidding aggressively for (US) Gulf Coast barrels, and Brent is rallying even faster,” the Schork Group said in a client note on Monday.
On Sunday, Trump ratcheted up pressure on Tehran, threatening in an expletive-laden Easter Sunday social media post to target Iran’s power plants and bridges on Tuesday if the strategic Strait of Hormuz is not reopened.
Still, some vessels, including an Omani-operated tanker, a French-owned container ship and a Japanese-owned gas carrier, crossed the Strait of Hormuz since Thursday, shipping data showed, reflecting Iran’s policy to allow passage for vessels from countries it deems friendly.
The war threatens to linger on as Iran has officially told mediators it is not prepared to meet with US officials in the Pakistani capital, Islamabad, in the coming days, and efforts to produce a ceasefire have reached a dead end, the Wall Street Journal reported on Friday.
On Sunday, OPEC+, consisting of some members of the Organisation of the Petroleum Exporting Countries and allies such as Russia, agreed to a modest rise of 206,000 barrels per day for May.
However, that decision will largely exist on paper as several of the group’s key producers are unable to raise output due to the war.
Russian supply has been disrupted recently by Ukrainian drone attacks on its Baltic Sea export terminal. Media reports on Sunday said its Ust-Luga terminal resumed loadings on Saturday after days of disruptions.
Trump wrote: “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP”.
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