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Neutral impactStocks

Why are banks closed in Gujarat today, despite it being 5th Saturday? State-wise bank holiday 31 Oct; PM Modi in Gujarat

Mint 2 hrs ago·31 Oct 2026, 4:21 am

Banks across Gujarat are closed today, 31 October, despite the day being a fifth Saturday. This closure is due to a public holiday declared by the state government to mark the birth anniversary of Sardar Vallabhbhai Patel. While the central bank's holiday list usually lists Saturdays as working days, state-specific gazettes can override this rule.

This is a localized event and does not impact banking operations in other states. For investors, this means no trading in banking stocks on the NSE and BSE today. However, the broader market will remain open for trading as it is a regular business day.